San Jacinto, CA 92583,769 S San Jacinto AVE
San Jacinto, CA 92583,769 S San Jacinto AVE
San Jacinto, CA 92583,769 S San Jacinto AVE
29
$2,900,000
$3,000,000
3.3%
Est.Price: ?

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1.58 Acres Lot

769 S San Jacinto AVE San Jacinto, CA 92583

Est. payment /mo
SOLD DATE : 08/08/2022

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Key Details

Sold Price $2,900,000

Property Type Commercial

Sub Type Mixed Use

Listing Status Sold

Purchase Type For Sale

MLS Listing ID PW22104298

Year Built 1996

Annual Tax Amount $20,941

Lot Size 1.580 Acres

Property Sub-Type Mixed Use

Property Description

Great cash flow on this fully occupied 16 unit mixed use commercial property. Even with the existing below market rents this property has a very good return on investment. One stand alone building is 4488 sqft and has a single tenant with a scheduled significant yearly rent increase. The other building is approximately 22,381 sqft and has 15 tenants. All of the units are wired with phase 3 power and have private bathrooms. Seven of the units have permitted lofts for extra storage or office space that are not included in the square footage listed. The property has access from S. San Jacinto Avenue and E. Shaver Street. The buildings are block construction and each unit has a large roll-up door as well as a man-door to an office area. There is an excellent mix of tenants including a barber shop, sign shop, churches, automotive shop, and professional services. Plenty of parking on-site with well maintained asphalt and a block wall surrounding the property. Separate electric meters for each unit and low maintenance landscaping and construction help to keep monthly expenses to a minimum The property has drastically reduced property taxes due to several of the tenants being churches. Busy street with the intersection of S. San Jacinto and Esplanade averaging over 18,000 cars per day.

Location

State CA

County Riverside

Area 699 - Not Defined

Interior

Heating Central

Cooling Central Air

Laundry None

Exterior

Exterior Feature Misting System

Fence Block, Chain Link

Utilities Available Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected

Building

Lot Description 11-15 Units/Acre, No Landscaping, Near Public Transit, Paved

Water Public

Others

Acceptable Financing Cash to New Loan, Owner May Carry

Listing Terms Cash to New Loan, Owner May Carry

Special Listing Condition Standard

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CRMLS – RECore
Listed by Ethan Lema 2K Realty
Bought with Ethan Lema 2K Realty

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Stacy Braglia

Stacy Braglia

REALTOR® | License ID: 01303104

+1(951) 295-5477

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