715 B St

Ramona, CA 92065

$2,980,000
Last Sold Price
10
Beds
10
Baths
14,104 Sq. Ft.
$211 / Sq. Ft.
14,104
Sq. Ft.
$211
per Sq. Ft.
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Sold 10/28/20
Sold 10/28/20
a view of a street with houses
a view of a cafe with a deck
a view of a building with parking
a car parked in front of a house
a car parked in front of a building
an aerial view of multiple house
an aerial view of multiple houses with a yard
an aerial view of residential houses with outdoor space
an aerial view of house with a yard and swimming pool
a view of a swimming pool with a yard
a living room with furniture and a window
a living room with furniture and a window
a kitchen with a refrigerator stove and sink
a view of a dining room with furniture window and wooden floor
a dining room with furniture and wooden floor
a bathroom with a toilet and a sink
a bathroom with a granite countertop sink a toilet and a mirror
a bedroom with a bed and wooden floor
a bathroom with a sink a toilet and a mirror
a living room with furniture and a window

Description

Dramatic price reduction! Neighbor at 733 B St. is also for sale by same family. Seller has put almost $300k into massive rehab over past year including new fixtures, lighting, flooring, paint and water heaters. All units have washer/dryer hook-ups which generate extra rent. Each unit has individual water heaters. Tenants pay to heat their own water. New energy efficient appliances save tenants money. All units have private balconies and/or large private yards. Adding garage doors to carports could...Dramatic price reduction! Neighbor at 733 B St. is also for sale by same family. Seller has put almost $300k into massive rehab over past year including new fixtures, lighting, flooring, paint and water heaters. All units have washer/dryer hook-ups which generate extra rent. Each unit has individual water heaters. Tenants pay to heat their own water. New energy efficient appliances save tenants money. All units have private balconies and/or large private yards. Adding garage doors to carports could boost income even further. Maxable, adu consultants, think six units could be added because of density bonus law. Seller paid salaries to four staff to service four Ramona assets. New buyer does not need a resident manager, but might pay for a porter. Sewer, fire protection & other are collected via property tax billing. Lenders may require for first year reserves of 12 month principal and interest payment(buyer posts that extra money for first year and then gets remainder back after first year).
  1. Listed by Terry Moore • DRE #00918512 • Brokerage DRE #01141809 • Apartment Consultants Incorporated
    P: (619)-889-1031 C: (619)-889-1031 tmoore1031@gmail.com

Property Details for 715 B Street

Parking Garage
Carports, Spaces
Area Zip
RAMONA (92065)
Standard Status
Closed
LISTING UPDATED: 02/25/2025 06:54 AM

Property Details for 715 B Street

StatusSold
MLS #200007252
Days on Market120
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeCommercial-Res Income / Com-Res Income
Year Built-
Lot Size0.34 AC / 14,810 SF
CountySan Diego County
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Location

Listing Courtesy of Apartment Consultants Incorporated, Terry Moore, DRE #00918512

Sold By Apartment Consultants Incorporated, Terry Moore, DRE #00918512

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Building Information for 715 B Street

Stories2Residences14Year Built-Building Size-Lot Size0.34 AC / 14,810 SF

Payment Calculator

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$18,146 per month

30 year fixed, 6.11% Interest

Principal and Interest

$14,462

Property Taxes

$3,684

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 715 B Street

Summary
Location and General Information
  • Coordinates: -116.865242, 33.045515
  • Latitude: 33.045515
  • Longitude: -116.865242
  • MLS Area Major: North County Inland
Parking
  • Carport Spaces: 20.0
  • Parking Features: Carports, Spaces
  • Parking Total: 22.0
Property
Lot Information
  • Building Area Total: 14104.0
  • Building Area Units: Sqft
  • Living Area: 14104
  • Living Area Units: Sqft
  • Lot Size Area: 0.34
  • Lot Size Units: Acres
  • Lot Size:
  • Building Area Source: Buyer to Verify, Tax Record
Property and Assessments
  • Property Sub Type: Com-Res Income
  • Property Type: Residential Income
  • Year Built: 0
  • Assumable Finance: 0.0
Interior and Exterior Features
Exterior Features
  • Structure Type: Apartment
  • Construction Materials: Frame, Stucco
  • Roof: Composition
  • Number Of Buildings: 2
Interior Features
  • Bathrooms Half: 0
  • Stories: 2
  • Cooling: Wall/Window
  • Flooring: Vinyl, Wall to Wall Carpet
  • Heating: Wall
  • Levels: 2 Story
  • Bedrooms Count: 10
  • Baths Total: 10.0
Multi Family
Income & Expenses
  • Operating Expense: $105,930
  • Proj Gross Sched Income: 297732
  • Proj Gross Multiplier: 10.7
  • Proj Gross Operating Inc: 282845
  • Proj Operating Expense: 105930
  • Projected Net Income: 176915
  • Gross Scheduled Income: $278,832
Multi Family Information
  • Unit Rent1: 1750
  • Unit Rent2: 1695
  • Unit Rent3: 1655
  • Unit Rent4: 1650
  • Unit Rent5: 1595
  • Num of Units1: 1
  • Num of Units2: 5
  • Num of Units3: 1
  • Num of Units4: 1
  • Num of Units5: 6
  • Unit Rent Total1: $1,750
  • Unit Rent Total2: $8,475
  • Unit Rent Total3: $1,655
  • Unit Rent Total4: $1,650
  • Unit Rent Total5: $9,570
  • Number Of Units Total: 14
Rental
Rent Information
  • Num of Leased Apartments: 14

Property History for 715 B Street

DateEvent & SourcePriceAppreciation
Oct 28, 2020

Sold

SDMLS #200007252

$2,980,000—
Jun 11, 2020

Pending

SDMLS #200007252

—
Feb 12, 2020

Listed (Active)

SDMLS #200007252

$3,625,000—
Aug 23, 2018

Sold

SDMLS #180033621

$2,500,000—
Jul 9, 2018

Pending

SDMLS #180033621

—
Jun 15, 2018

Listed (Active)

SDMLS #180033621

$2,600,000—
Jun 1, 2011

Expired

SDMLS #110007017

—
Feb 2, 2011

Listed (Active)

SDMLS #110007017

$1,300,000—
DateEvent & SourcePrice
10/28/2020

Sold

SDMLS #200007252

$2,980,000
06/11/2020

Pending

SDMLS #200007252

—
02/12/2020

Listed (Active)

SDMLS #200007252

$3,625,000
08/23/2018

Sold

SDMLS #180033621

$2,500,000
07/09/2018

Pending

SDMLS #180033621

—
06/15/2018

Listed (Active)

SDMLS #180033621

$2,600,000
06/01/2011

Expired

SDMLS #110007017

—
02/02/2011

Listed (Active)

SDMLS #110007017

$1,300,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 715 B Street

Taxable ValueLand$806,410Additions$1,769,776Total$2,576,186
Tax Record2025$44,204 ($3,684 / month)
Home Facts
Total Finished SqFt14,104 SqFtAbove Grade Finished SqFt14,104 SqFtLot Size14,641 SqFtStyleMulti-Family Res (5+ Units)Year Built1990ZoningR-3:RESTRICTECountySAN DIEGOAPN281-312-05-00

Schools near 715 B Street

This home is within Ramona City Unified School District.
Rating
School
Type
Grades
Distance
Ramona Elementary School
Public - K to 6
Olive Peirce Middle School
Public - 7 to 8
Ramona High School
Public - 9 to 12
Mountain Valley Academy
Public - K to 12
Rating
School
Distance
Ramona Elementary School
PublicK to 6

Olive Peirce Middle School
Public7 to 8

Ramona High School
Public9 to 12

Mountain Valley Academy
PublicK 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.

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Listing Courtesy of Apartment Consultants Incorporated, Terry Moore, DRE #00918512

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