Grand Terrace, CA 92313,22009 Grand Terrace RD
Grand Terrace, CA 92313,22009 Grand Terrace RD
Grand Terrace, CA 92313,22009 Grand Terrace RD
Grand Terrace, CA 92313,22009 Grand Terrace RD
Grand Terrace, CA 92313,22009 Grand Terrace RD
Grand Terrace, CA 92313,22009 Grand Terrace RD
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$1,175,000

$1,250,000

6.0%
Est.Price: ?

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Est. payment /mo

7,601 Sqft Lot


SOLD DATE : 05/04/2022

Key Details

Sold Price $1,175,000

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

MLS Listing ID PW22027676

Sold Date 05/04/22

HOA Y/N No

Year Built 1964

Lot Size 7,601 Sqft

Property Description

HIGHLY MOTIVATED SELLER! 1031 EXCHANGE REPLACEMENT PROPERTY ALREADY LOCATED. ALL OFFERS TO BE CONSIDERED. Grand Terrace Apartments is a cash flowing 4-unit apartment complex located in the heart of Grand Terrace. The Grand Terrace Apartments is an exceptionally well-maintained property with excellent financials. It presents an extremely rare opportunity to purchase Grand Terrace rentals, one of the most upscale rental locations in the Inland Empire. Built-in 1964 and comprised of highly desirable single-story, two bedroom/one bathroom units with large, private yards and washer/dryer hookups for each tenant. These qualities attract high-paying renters with long-term stays. The property also offers the new Buyer the potential to add an ADU (Accessory Dwelling Unit) and the Seller has already created a rendering for this added unit. The quality and rareness to obtain a Grand Terrace investment combined with substantial upside and ADU potential makes this unique investment the perfect find for any apartment investor.

Location

State CA

County San Bernardino

Area 266 - Grand Terrace

Zoning R-2

Interior

Interior Features Unfurnished

Heating None

Cooling Wall/Window Unit(s)

Fireplaces Type None

Fireplace No

Laundry Electric Dryer Hookup, Gas Dryer Hookup

Exterior

Carport Spaces 4

Pool None

Community Features Rural

Utilities Available See Remarks

Total Parking Spaces 8

Private Pool No

Building

Lot Description 0-1 Unit/Acre, Yard

Story 1

Entry Level One

Sewer Public Sewer

Water Public

Level or Stories One

New Construction No

Others

Senior Community No

Tax ID 0275211380000

Energy Description 1008.0

Acceptable Financing Cash to New Loan

Listing Terms Cash to New Loan

Financing Cash to New Loan

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Hunter Wetton • Morgan Skenderian
Bought with ZORAM LUNA • RE/MAX TIME REALTY
agent-avatar

+1(951) 225-2964

dillon@dillonhallrealtor.com

27465 Jefferson Ave, Temecula, California, 92590

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