11411 Cherry Avenue, Cherry Valley, CA 92223
  • MLS#: EV24159859 ( Commercial/Residential )
  • Street Address: 11411 Cherry Avenue
  • Viewed: 4
  • Price: $2,888,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1961
  • Bldg sqft: 0
  • Days On Market: 108
  • Additional Information
  • County: RIVERSIDE
  • City: Cherry Valley
  • Zipcode: 92223
  • Subdivision: Solera (slra)
  • Provided by: PONCE & PONCE REALTY, INC
  • Contact: MINERVA MINERVA
  • California Regional MLS IDX
  • DMCA Notice
  • Description
    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. Dont 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.
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Features
Building Area Total
  1. 5178.00
Commoninterest
  1. None
Common Walls
  1. 2+ Common Walls
Cooling
  1. Central Air
Country
  1. US
Days On Market
  1. 65
Electric Expense
  1. 0.00
Entry Location
  1. Main
Fireplace Features
  1. None
Fuel Expense
  1. 0.00
Garage Spaces
  1. 6.00
Heating
  1. Central
Insurance Expense
  1. 0.00
Laundry Features
  1. In Garage
  2. Outside
  3. See Remarks
Levels
  1. One
Lot Features
  1. 2-5 Units/Acre
Netoperatingincome
  1. 15350.00
Parcel Number
  1. 404131025
Parking Features
  1. Driveway
  2. Garage
Pool Features
  1. None
Postalcodeplus4
  1. 4723
Professionalmanagementexpense
  1. 0.00
Property Type
  1. Commercial/Residential
Sewer
  1. Public Sewer
Sourcesystemid
  1. CRM
Sourcesystemkey
  1. 420279028:CRM
Subdivision Name Other
  1. Solera (SLRA)
Totalexpenses
  1. 2400.00
Trash Expense
  1. 0.00
Water Sewer Expense
  1. 2400.00
Water Source
  1. Public
Year Built
  1. 1961
Year Built Source
  1. Assessor
Zoning
  1. R-2