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769 S San Jacinto AVE San Jacinto, CA 92583
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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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Bought with Ethan Lema 2K Realty
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