27700 Avenida Terrazo
Description
27700 Avenida Terrazo is a one-story, 7-unit multifamily property spanning a generous ±19,731 SF lot size with a ±4,200 SF building size. It features an excellent unit mix designed for broad appeal: six 1-bedroom/1-bathroom units and one 2-bedroom/2-bathroom unit, averaging a comfortable size of 600 SF each. Built in 1983, the construction is low-maintenance, featuring a Spanish tile roof and low-water-use desert landscaping with decorative rock features and mature palm trees. Further enhancing the investment profile, the property offers a highly desirable amenity set including fully equipped kitchens with Stainless Steel appliances and modern backsplashes, alongside upgraded bathrooms and kitchens (in select units). Residential comfort is provided through tile flooring for easy maintenance, in-unit features such as ceiling fans and vertical blinds, and wall air and heating. Each unit benefits from an individual private porch, and the property provides tenants with a convenience package featuring an on-site laundry facility, decorative security screen doors, and a plethora of on-site surface parking. This stable, well-maintained unit base provides immediate income stability and is an attractive offering for residents seeking quality housing in a convenient, well-established location. The property offers stability for any type of investor, whether it may be a first-time purchaser, seasoned investor, or a 1031 exchange buyer.
Property Details for 27700 Avenida Terrazo
Property Details for 27700 Avenida Terrazo
| Status | Active |
|---|---|
| MLS # | CV25268195 |
| Days on Market | 14 |
| Taxes | - |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Residential Income / Res Income 2-4 Units |
| Year Built | 1983 |
| County | Riverside County |
Location
Building Information for 27700 Avenida Terrazo
Payment Calculator
$8,280 per month
30 year fixed, 6.28% Interest
$6,424
$1,856
$0
Property Information for 27700 Avenida Terrazo
- Gross Income: $110,718
- Gross Scheduled Income: $110,718
- Vacancy Allowance: 3322
- Gross Operating Income: $107,396
- Net Operating Income: $60,220
- Laundry Income: $798
- Gross Multiplier: 11.74
- Cap Rate: 4.63
- Operating Expense: $47,176
- New Taxes Expense: $24,577
- Gardener Expense: $1,200
- Fuel Expense: $1,254
- Pest Control Expense: $1,200
- Electric Expense: $1,025
- Insurance Expense: $4,865
- Maintenance Expense: $4,900
- Professional Management Expense: $5,370
- Other Expense: $1,750
- Other Expense Description: Reserves
- Trash Expense: $0
- Water Sewer Expense: $886
- Supplies Expense: $150
- Total Expenses: $47,176
- Tax Tract Number: 2204
- CFD/Mello-Roos Fee: $8,844
- Tax Lot: W
- Community Features: Curbs, Sidewalks
- Laundry: Yes
- Laundry Features: Common Area
- Cooling: Wall/Window Unit(s)
- Heating Type: Wall Furnace
- Heating: Wall Furnace
- Entry Location: 1
- Pool Features: None
- Pool Description: None
- Pool: N/K
- Pool Heat: N/K
- Lot Features: 6-10 Units/Acre
- Number Of Units: 7
- Land Lease: No
- Land Lease Type: Fee
- Levels: One
- Water: Public
- Sewer: Public Sewer
- Water Source: Public
- Garage Spaces: 0
- Uncovered Spaces: 10
- Open Other Spaces Total: 10
- Parking Garage Spaces: 0
- Carport Spaces: 0
- Builders Tract Name: Rio Vista
- Builders Tract Code: Other (OTHR)
- Residential Styles: Res Income 2-4 Units
- Unit Type Units Total: 6
- Unit Type Beds Total: 1
- Unit Type Baths Total: 1
- Unit Type Furnished: Unfurnished
- Unit Type Garage Spaces: 0
- Unit Type Garage Attached: No
- Unit Type Actual Rent: $1,245
- Unit Type Total Rent: $89,640
- Unit Type Pro Forma: 1700
- Unit Type Type: 1
- Unit Type Units Total: 1
- Unit Type Beds Total: 2
- Unit Type Baths Total: 2
- Unit Type Furnished: Unfurnished
- Unit Type Garage Spaces: 0
- Unit Type Garage Attached: No
- Unit Type Actual Rent: $1,690
- Unit Type Total Rent: $20,280
- Unit Type Pro Forma: 1700
- Unit Type Type: 2
- Number Of Units Leased: 7
- Rent Controlled: No
- Number Of Buildings: 1
- Number Of Separate Electric Meters: 7
- Number Of Separate Gas Meters: 7
- Number Of Separate Water Meters: 1
Property History for 27700 Avenida Terrazo
| Date | Event & Source | Price | Appreciation |
|---|---|---|---|
| Dec 1, 2025 | Listed (Active) SDMLS #CV25268195 | $1,300,000 | — |
| Dec 1, 2025 | Listed (Active) CRMLS #CV25268195 | $1,300,000 | — |
| Dec 1, 2025 | Listed (Active) CLAW #CV25268195MR | $1,300,000 | — |
| Oct 31, 2025 | Expired GPSMLS #219132613 | $1,680,000 | — |
| Jul 11, 2025 | Listed (Active) GPSMLS #219132613 | $1,680,000 | — |
| Jul 11, 2025 | Listed (Active) CRMLS #219132613DA | $1,680,000 | — |
| May 16, 2025 | Withdrawn / Cancelled GPSMLS #219113170 | $1,800,000 | — |
| May 16, 2025 | Withdrawn / Cancelled CRMLS #219113170DA | $1,800,000 | — |
| Jun 20, 2024 | Listed (Active) GPSMLS #219113170 | $1,800,000 | — |
| Jun 19, 2024 | Listed (Active) CRMLS #219113170DA | $1,800,000 | — |
| Apr 3, 2020 | Expired CRMLS #215022262DA | $749,000 | — |
| Sep 21, 2018 | Sold (Public Record) Public Record #631397949 | $995,000 | +19.9% / yr |
| Aug 24, 2016 | Sold (Public Record) Public Record #580858416 | $683,000 | -0.9% / yr |
| Jan 11, 2016 | Expired CRMLS #215022262DA | — | |
| Dec 31, 2015 | Expired GPSMLS #215022262 | $749,000 | — |
| Dec 31, 2015 | Expired SDMLS #215022262DA | — | |
| Aug 3, 2015 | Listed (Active) GPSMLS #215022262 | $749,000 | — |
| Aug 3, 2015 | Listed (Active) CRMLS #215022262DA | $749,000 | — |
| Aug 3, 2015 | Listed (Active) SDMLS #215022262DA | $749,000 | — |
| Aug 3, 2015 | Listed (Active) CRMLS #215022262DA | $749,000 | — |
| Aug 1, 2015 | Expired CRMLS #EV15049159 | — | |
| Jul 31, 2015 | Expired CLAW #EV15049159MR | — | |
| Jun 23, 2015 | Withdrawn / Cancelled CRMLS #EV15049159 | — | |
| Jun 23, 2015 | Expired SDMLS #EV15049159 | — | |
| Mar 9, 2015 | Listed (Active) CLAW #EV15049159MR | $729,000 | — |
| Mar 9, 2015 | Listed (Active) CRMLS #EV15049159 | $729,000 | — |
| Mar 9, 2015 | Listed (Active) SDMLS #EV15049159 | $729,000 | — |
| Feb 14, 2006 | Sold CRMLS #21235725DA | $750,000 | — |
| Feb 14, 2006 | Sold GPSMLS #21235725 | $750,000 | — |
| Feb 7, 2006 | Pending CRMLS #21235725DA | — | |
| Feb 7, 2006 | Pending GPSMLS #21235725 | — | |
| Jan 27, 2006 | Sold (Public Record) Public Record #190544039 | $750,000 | +19.2% / yr |
| Jan 14, 2006 | Listed (Active) GPSMLS #21235725 | $790,000 | — |
| Jan 13, 2006 | Listed (Active) CRMLS #21235725DA | $790,000 | — |
| Dec 13, 2005 | Expired GPSMLS #21223147 | $889,000 | — |
| Sep 14, 2005 | Listed (Active) CRMLS #21223147DA | $889,000 | — |
| Sep 14, 2005 | Expired CARETS #41222125 | $889,000 | — |
| Sep 14, 2005 | Listed (Active) GPSMLS #21223147 | $889,000 | — |
| Sep 1, 2005 | Listed (Active) CARETS #41222125 | $485,000 | — |
| Dec 6, 2002 | Sold (Public Record) Public Record #104671612 | $431,500 | +43.3% / yr |
| Dec 6, 2002 | Sold GPSMLS #21139416 | $431,000 | — |
| Dec 6, 2002 | Sold CRMLS #21139416DA | $431,000 | — |
| Sep 11, 2002 | Pending GPSMLS #21139416 | — | |
| Sep 11, 2002 | Pending CRMLS #21139416DA | — | |
| Aug 29, 2002 | Listed (Active) GPSMLS #21139416 | $440,000 | — |
| Aug 19, 2002 | Listed (Active) CRMLS #21139416DA | $440,000 | — |
| Feb 1, 2002 | Expired GPSMLS #21120968 | $409,000 | — |
| Nov 19, 2001 | Listed (Active) GPSMLS #21120968 | $409,000 | — |
| Nov 19, 2001 | Listed (Active) CRMLS #21120968DA | $409,000 | — |
| Sep 5, 2001 | Sold (Public Record) Public Record #77189321 | $275,000 | — |
| Feb 28, 2001 | Expired GPSMLS #2926186 | $320,000 | — |
| Dec 18, 2000 | Listed (Active) CRMLS #2926186DA | $320,000 | — |
| Dec 18, 2000 | Listed (Active) GPSMLS #2926186 | $320,000 | — |
| Date | Event & Source | Price |
|---|---|---|
| 12/01/2025 | Listed (Active) SDMLS #CV25268195 | $1,300,000 |
| 12/01/2025 | Listed (Active) CRMLS #CV25268195 | $1,300,000 |
| 12/01/2025 | Listed (Active) CLAW #CV25268195MR | $1,300,000 |
| 10/31/2025 | Expired GPSMLS #219132613 | $1,680,000 |
| 07/11/2025 | Listed (Active) GPSMLS #219132613 | $1,680,000 |
| 07/11/2025 | Listed (Active) CRMLS #219132613DA | $1,680,000 |
| 05/16/2025 | Withdrawn / Cancelled GPSMLS #219113170 | $1,800,000 |
| 05/16/2025 | Withdrawn / Cancelled CRMLS #219113170DA | $1,800,000 |
| 06/20/2024 | Listed (Active) GPSMLS #219113170 | $1,800,000 |
| 06/19/2024 | Listed (Active) CRMLS #219113170DA | $1,800,000 |
| 04/03/2020 | Expired CRMLS #215022262DA | $749,000 |
| 09/21/2018 | Sold (Public Record) Public Record #631397949 | $995,000 +19.9% / yr |
| 08/24/2016 | Sold (Public Record) Public Record #580858416 | $683,000 -0.9% / yr |
| 01/11/2016 | Expired CRMLS #215022262DA | — |
| 12/31/2015 | Expired GPSMLS #215022262 | $749,000 |
| 12/31/2015 | Expired SDMLS #215022262DA | — |
| 08/03/2015 | Listed (Active) GPSMLS #215022262 | $749,000 |
| 08/03/2015 | Listed (Active) CRMLS #215022262DA | $749,000 |
| 08/03/2015 | Listed (Active) SDMLS #215022262DA | $749,000 |
| 08/03/2015 | Listed (Active) CRMLS #215022262DA | $749,000 |
| 08/01/2015 | Expired CRMLS #EV15049159 | — |
| 07/31/2015 | Expired CLAW #EV15049159MR | — |
| 06/23/2015 | Withdrawn / Cancelled CRMLS #EV15049159 | — |
| 06/23/2015 | Expired SDMLS #EV15049159 | — |
| 03/09/2015 | Listed (Active) CLAW #EV15049159MR | $729,000 |
| 03/09/2015 | Listed (Active) CRMLS #EV15049159 | $729,000 |
| 03/09/2015 | Listed (Active) SDMLS #EV15049159 | $729,000 |
| 02/14/2006 | Sold CRMLS #21235725DA | $750,000 |
| 02/14/2006 | Sold GPSMLS #21235725 | $750,000 |
| 02/07/2006 | Pending CRMLS #21235725DA | — |
| 02/07/2006 | Pending GPSMLS #21235725 | — |
| 01/27/2006 | Sold (Public Record) Public Record #190544039 | $750,000 +19.2% / yr |
| 01/14/2006 | Listed (Active) GPSMLS #21235725 | $790,000 |
| 01/13/2006 | Listed (Active) CRMLS #21235725DA | $790,000 |
| 12/13/2005 | Expired GPSMLS #21223147 | $889,000 |
| 09/14/2005 | Listed (Active) CRMLS #21223147DA | $889,000 |
| 09/14/2005 | Expired CARETS #41222125 | $889,000 |
| 09/14/2005 | Listed (Active) GPSMLS #21223147 | $889,000 |
| 09/01/2005 | Listed (Active) CARETS #41222125 | $485,000 |
| 12/06/2002 | Sold (Public Record) Public Record #104671612 | $431,500 +43.3% / yr |
| 12/06/2002 | Sold GPSMLS #21139416 | $431,000 |
| 12/06/2002 | Sold CRMLS #21139416DA | $431,000 |
| 09/11/2002 | Pending GPSMLS #21139416 | — |
| 09/11/2002 | Pending CRMLS #21139416DA | — |
| 08/29/2002 | Listed (Active) GPSMLS #21139416 | $440,000 |
| 08/19/2002 | Listed (Active) CRMLS #21139416DA | $440,000 |
| 02/01/2002 | Expired GPSMLS #21120968 | $409,000 |
| 11/19/2001 | Listed (Active) GPSMLS #21120968 | $409,000 |
| 11/19/2001 | Listed (Active) CRMLS #21120968DA | $409,000 |
| 09/05/2001 | Sold (Public Record) Public Record #77189321 | $275,000 |
| 02/28/2001 | Expired GPSMLS #2926186 | $320,000 |
| 12/18/2000 | Listed (Active) CRMLS #2926186DA | $320,000 |
| 12/18/2000 | Listed (Active) GPSMLS #2926186 | $320,000 |
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 27700 Avenida Terrazo
Schools near 27700 Avenida Terrazo
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | K to 5 | |||
| Public - | 6 to 8 | |||
| Public - | 9 to 12 | |||
| Public - | 9 to 12 |
Rating | School | Distance |
|---|---|---|
Rio Vista Elementary School PublicK to 5 | ||
James Workman Middle School Public6 to 8 | ||
Cathedral City High School Public9 to 12 | ||
Mt. San Jacinto High School Public9 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
Similar Homes
Similar Sold Homes
Explore Nearby Homes
- Cathedral Springs Homes for Sale
- Cathy Estates Homes for Sale
- Central Palm Springs Homes for Sale
- Desert Princess Homes for Sale
- Downtown Cathedral City Homes for Sale
- North Cathedral City Homes for Sale
- Palm Springs Country Club Estates Homes for Sale
- Palm Springs Highlands Homes for Sale
- Palm Springs Highlands East Homes for Sale
- Palm Springs Outpost Homes for Sale
- Palm Springs Outpost West Homes for Sale
- Palm Springs Panorama Homes for Sale
- Palm Springs South End Homes for Sale
- White Sands Estates Homes for Sale
- Ramon Palms Homes for Sale
- Rancho Mirage Homes for Sale
- Palm Springs Homes for Sale
- Cathedral City Homes for Sale
- Desert Hot Springs Homes for Sale
- Thousand Palms Homes for Sale
- Palm Desert Homes for Sale
- Idyllwild Homes for Sale
- North Palm Springs Homes for Sale
- Indian Wells Homes for Sale
- Indio Homes for Sale
- La Quinta Homes for Sale
- Whitewater Homes for Sale
- Morongo Valley Homes for Sale
- Mountain Center Homes for Sale
- Coachella Homes for Sale
- 92276 Homes for Sale
- 92240 Homes for Sale
- 92241 Homes for Sale
- 92262 Homes for Sale
- 92264 Homes for Sale
- 92270 Homes for Sale
- 92211 Homes for Sale
- 92258 Homes for Sale
- 92260 Homes for Sale
- 92561 Homes for Sale
- 92549 Homes for Sale
- 92210 Homes for Sale
- 92282 Homes for Sale
- 92203 Homes for Sale
- 92253 Homes for Sale
No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.
Listing Courtesy of CB RICHARD ELLIS, Eric Chen, DRE #C32772
Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.