OUR AGENTS' LISTINGS

322 E Main St
OTHER San Jacinto 92583

$679,000 /139000.0
Com-Res Income 6,098 sq. ft. built: 1970

Main Photo: Property for sale: 322 E Main St in San Jacinto
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Status:
Active
Prop. Type:
Com-Res Income
MLS® Num:
240000090
Year Built:
1970
Welcome to a remarkable mixed-use property in the heart of San Jacinto, offering a spacious 3,255 square feet of building space on a generous 9,375 square foot lot. 4 residential units and 1 store front/office Currently fully occupied, the property generates a solid gross rental income of $82,800 per year, making it a great cash cow for savvy investors. The building underwent a complete transformation in 2021, being gutted and remodeled to modern standards, ensuring a fresh and attractive space for both residents and businesses alike. With a total of five restrooms, this property is thoughtfully designed for convenience and functionality. Whether you're envisioning a residential haven or a bustling business hub, this property is well-equipped to meet your needs. Zoned for Downtown Residential, the possibilities are endless, spanning from health services to a cozy neighborhood cafe. The prime location on a main thoroughfare ensures excellent visibility and accessibility, making it an ideal choice for a thriving business. Opportunities like this are a rarity in San Jacinto, and this property stands out as a unique gem. Take advantage of this opportunity to own a fully occupied, income-generating property with a proven track record. The seller's decision to purchase a larger building opens the door for you to step into a ready-to-perform investment. This gem is shown by appointment only with an accepted offer
Rental Amount:
6900
Price Per Unit:
139000.0
Total Floor Area:
6,098 sq. ft.
Lot Size:
6,098.4 sq. ft.
County:
Riverside
Market Area:
OTHER
Number of Buildings:
1
Number of Units:
5
Stories:
1 Story
Num Stories:
1
Unit Type:
Apartment, Other/Remarks
Year Built:
1970
Gross Multiplier:
8.3
Gross scheduled income:
82800.0
Operating expense:
4883.63
Gross equity:
195000
Motive / Want:
buy bigger complex
Financial Information Source:
Owner
Existing Financing:
Conventional
San jacinto downtowm, main st.
Short Sale:
No
Listing Type:
Exclusive Agency (A)
Exterior Finish:
Metal Fence, No Landscaping, RV Parking, Shutters, Wood Fence
Special:
None
Parking:
Spaces
Cooling:
Heat Pump
Heating:
Heat Pump
Laundry:
Owned
Construction Material:
Drywall, Frame, Lath/Plaster, Stucco
Roof:
Composition
Floor finish:
Tile, Vinyl
Terms:
Cash, Cash to New Loan, Owner May Carry 2nd
Zoning:
DR
Parcel Number:
437-073-010
Number of Units in Unit 1:
1
Bedrooms for Unit 1:
0
Bathroom 1:
1.0
Number of Units in Unit 2:
2
Unit 2 Furnished:
0
Bedrooms for Unit 2:
3
Bathroom 2:
1.0
Number of Units in Unit 3:
3
Bedrooms for Unit 3:
3
Bathroom 3:
1.0
Number of Units in Unit 4:
4
Bedrooms for Unit 4:
1
Bathroom 4:
1.0
Number of Units in Unit 5:
5
Bedrooms for Unit 5:
0
Bathroom 5:
0.5
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Data was last updated February 25, 2024 at 11:10 PM (UTC)
Area Statistics
Listings on market:
13
Avg list price:
$2,900,000
Min list price:
$610,000
Max list price:
$8,950,000
Avg days on market:
531
Min days on market:
11
Max days on market:
3,289
Avg price per sq.ft.:
$317.19
These statistics are generated based on the current listing's property type and located in OTHER. Average values are derived using median calculations.
This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego Multiple Listing Service, Inc. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2024 San Diego Multiple Listing Service, Inc.