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7-Units + Single family home on separate APN. The property consists of a total of Five (5) separate APNs. 526-031-16, 526-031-17, 526-031-18, 526-031-19, & 526-031-006. Highlights: Strong yield with a current CAP Rate of 6.00% with a Pro Forma CAP Rate of 6.77% achievable through market rent adjustments / Current GRM of 10.27 with a Pro Forma GRM of 9.15. Community located at 50292-50330 Ramona Street, a well-located eight-unit multifamily property in Cabazon, California. Built in 1950, this single-story asset consists of seven detached buildings situated on a generous 0.72-acre lot, offering approximately 5,750 square feet of rentable living area. The unit mix features a variety of layouts well-suited for tenants seeking affordability and privacy, including five (5) one-bedroom one-bath units, one (1) two-bedroom one bath unit, one (1) two-bedroom one-bath single-family residence, and one (1) three-bedroom one-and-a-half-bath single-family residence. Most units are detached, providing residents with a more residential feel and reduced density compared to typical multifamily properties. Each unit is separately metered for gas and electricity, minimizing owner-paid utilities.
Property Type(s):
Residential Income
| Last Updated | 10/29/2025 | Tract | OTHR |
|---|---|---|---|
| Year Built | 1941 | Community | 263 - Banning/Beaumont/Cherry Valley |
| County | Riverside |
Additional Details
| AREA | 263 - Banning/Beaumont/Cherry Valley |
|---|---|
| HEAT | Central |
| LOT | 7405 sq ft |
| POOL DESCRIPTION | None |
| SEWER | Cesspool, Septic Tank |
| STORIES | 1 |
| SUBDIVISION | OTHR |
| WATER | Public |
Location
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Listed with LE INVESTMENT GROUP
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