property-detail

property-detail

property-detail

property-detail

property-detail

property-detail

1551 Montecito Rd., Ramona CA 92065 | $8,599,000

Status: Pending
  • 3 bedrooms
  • 2 bathrooms
  • 0 Sq Ft
  • 229996 Lot Sq Ft
  • Type: Com-Res Income
  • Stories: 2
  • Year Built:
  • MLS#: 200007182
  • Community: North County Inland

Listing provided courtesy of Terry Moore of Apartment Consultants, Inc.. Last updated 2020-08-15 09:20:38.000000. Listing information © 2020 Sandicor.

DRAMATIC PRICE REDUCTION! The property across the street is also available for sale by the same owners. There are 38 legal units; former office space was converted into two non-permitted 2 Bed/1 bath units. Next owner might not have a separate rental office. This asset also has washer/ dryer hookups, individual water heaters, central heat and air, fireplaces and interior panel doors in the 38 original units. Gated entry for people and vehicles gives residents peace of mind. Tenants enjoy a sparkling pool and carport parking. Enclosing carports or adding vinyl windows, or upgrading kitchens or baths could boost income. The parcel goes back to Santa Maria Creek. The general plan shows three zones for this lot, one of which is for single family homes. Buyer may want to investigate the possibilities of adding more buildings. Terry Moore, real estate licensee, is a part owner of this asset. Sellers have upgraded many units on turnover.

More Details

5.28 Acres
2 Stories
Number of Units: 38
Price Per Unit: 226289
SqFt of Improvement: 36248

Call or Text: 619-568-2600

Thank you!