$368,000

287 W County Line Road

Calimesa CA, 92320

Description

PRICE JUST DISCOUNTED to $368,000 for a quick sale. A previous owner paid $400,000 in 2006. This elderly "widow" must sell this 2 income units ASAP. One unit is 2 bedroom 1 bath home. The home has a long term tenant (10+ years) on a month to month rental. The rents are way below market at just $800 monthly. The other unit is a free standing "office" with a separate meter and a bathroom. It has another tenant on a 1 year lease at $750 monthly. This parcel is now zoned "Commercial". It is directly in the "path of growth" and ready for commercial development. The nearby corner has a newer "retail center" on one side and a "7-11" convenience store on the opposite corner. This flat parcel is over a 1/4 acre with great commercial development potential. The property is already generating rental income "as is" ($1550 monthly) and rents can be increased on the house with some rehab... I feel the "highest and best use" is to eventually develop this property as a commercial enterprise. You can continue to earn the $1550 monthly rental income while you are developing the commercial potential with the City... The current owner lives in Northern California. This widow is elderly and she is not able to properly develop this property's "commercial" potential. So she needs to sell it ASAP. Another "Price Discount" is possible for a "cash sale" and a short escrow WOW !!!

Details

MLS#IV19233026
Sub-TypeResale
StatusActive
Year1952
Days On Site71

Features

SQ Feet1,200
Units2
Building(s)1

Market Activity 92320

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Area Information

StateCA
CountyRiverside
CityCalimesa
Zip Code92320
Area269 - Yucaipa/Calimesa
Listing VS Median (in 92320)
Price:
$368,000
low | high
Med:
$358,995
52.447010869565% of Average
SqFt:
1,200
low | high
Med:
1,470
27.5% of Average
$ / SqFt:
$307
low | high
Med:
$254
67.204835082459% of Average
On Site:
71
low | high
Med:
88
80.681818181818% of Average
Listing Updated: 12/10/2019
MLS Number: IV19233026
Listing Provided By:
PAT O'BRIEN  of  DEVELOPER SALES ASSOCIATES
MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the California Regional MLS.