Active
11411 Cherry Avenue
Cherry Valley CA, 92223
$2,888,000
$557.74 per sqft
Active
5,178 sqft
Multi-family
Built in 1961
Listed by MINERVA RODAS with PONCE & PONCE REALTY, INC 323-774-4481
Welcome to this fantastic investment opportunity in Cherry Valley, CA! This newly renovated property features 7 thoughtfully designed units, each offering the convenience of in-unit laundry hookups, central air conditioning, and heating.
Out of the 7 units, 6 are equipped with their own private 1-car garage, providing secure and convenient parking for tenants. Each unit is designed with comfort and practicality in mind, making them highly attractive to prospective renters.
With its blend of essential amenities and potential for rental income, this property presents an exceptional opportunity for investors or property managers looking to expand their portfolio. The strategic location in Cherry Valley ensures consistent demand and offers a promising return on investment. Don't miss out on the chance to own this versatile and income-generating asset! Currently generates $17,750 in rental income, rent increase potential. Seller financing available.
EV24159859
MLSⓇ ID
August 2, 2024
Listed
September 28, 2024
Updated
Map
11411 Cherry Avenue
Cherry Valley CA, 92223
Interior Features
Total Stories
1
Laundry Description
In Garage, Outside, See Remarks
Fireplace
No
Fireplace Description
None
Cooling
Yes
Cooling Description
Central Air
Heating
Yes
Heating Description
Central
Exterior/Building Features
Lot Size
1.86 Acres
Lot Features
2-5 Units/Acre
Sewer
Public Sewer
Other Property Details
Area Name
263 - Banning/Beaumont/Cherry Valley
Days on Market
11
Garage
Yes
Garage Spaces
6
Parking
Driveway, Garage
Parking Total
6
View
No
County
Riverside
Water Source
Public
Pool
No
Pool Features
None
Zoning
R-2
Listing Contact: 909-266-0934
Based on information from the California Regional Multiple Listing Service (CRMLS) as of 9/28/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.
©2024 California Regional Multiple Listing Service (CRMLS) all rights reserved.
Data last updated on 9/28/2024 at 1:54 AM UTC