918-950 Main Street

Ramona, CA 92065

$4,300,000
Price
9
Beds
10
Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

In the heart of old town Ramona, 23 one bedroom units AND an office building. Two parking lots, most units are built as cottages with a front door, back door and no one on top of below. Some units are completely renovated some are partially renovated. No vacancies, no delinquencies. Current monthly rents are $34,000. Last 4 units rented for $1750 each. Self managed and tenants deposit rent every month. In the last 6 years, a new unit with permits has been built, several new roofs and foundations,...In the heart of old town Ramona, 23 one bedroom units AND an office building. Two parking lots, most units are built as cottages with a front door, back door and no one on top of below. Some units are completely renovated some are partially renovated. No vacancies, no delinquencies. Current monthly rents are $34,000. Last 4 units rented for $1750 each. Self managed and tenants deposit rent every month. In the last 6 years, a new unit with permits has been built, several new roofs and foundations, several major improvements. 4 parcels are 281-281-14-00, 281-281-15-00, 281-281-16-00, 281-281-17-00 See attached flyer for more information. This property has a great cash flow and cap rate, and owner will only sell if terms are favorable. Please see attached flyer
  1. Listed by Cheryl Horn • DRE #01900723 • Cheryl Horn, Broker

Property Details for 918-950 Main Street

City Postal ID
RAMONA (92065)

Location

Listing Courtesy of Cheryl Horn, Broker, Cheryl Horn, DRE #01900723
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LISTING UPDATED: 01/22/2024 09:39 PM

Property Details for 918-950 Main Street

StatusActive
MLS #240001701
Days on Market101
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeCommercial-Res Income / Other/Remarks
Year Built-
Lot Size-
CountySan Diego County

Location

Listing Courtesy of Cheryl Horn, Broker, Cheryl Horn, DRE #01900723
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Payment Calculator

$23,467 per month

30 year fixed, 7.25% Interest

Principal and Interest

$23,467

Property Taxes

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 918-950 Main Street

Summary Information
Property and Location
  • System ID: 240001701
  • Class: COMMERCIAL-RES INCOME
  • Street Number Numeric: 918
  • Street Name: Main St
  • Market Area: North County Inland
  • Directions To Property: Main road Ramona, between 9th and 10th street.
Supplement
  • Supplement: Please see attached flyer
Interior and Exterior Features
Exterior Features
  • Exterior: Metal Fence
  • Roof: Composition
Property Information
Property and Assessments
  • Entry Only: No
  • Assessors Parcel Num: 281-281-14-00
Multi Family Information
Unit 1
  • Unit Rent: 950
  • Unit Rent Total: $11,400
  • Unit 1 Number of Bedrooms: 0
  • Unit 1 Number of Bathrooms: 1
Unit 2
  • Unit Rent: 1750
  • Unit Rent Total: $84,000
  • Unit 2 Number of Bedrooms: 1
  • Unit 2 Number of Bathrooms: 1
Unit 3
  • Unit Rent: 1694
  • Unit Rent Total: $20,328
  • Unit 3 Number of Bedrooms: 1
  • Unit 3 Number of Bathrooms: 1
Unit 4
  • Unit Rent: 1675
  • Unit Rent Total: $20,100
  • Unit 4 Number of Bedrooms: 1
  • Unit 4 Number of Bathrooms: 1
Unit 5
  • Unit Rent: 1650
  • Unit Rent Total: $59,400
  • Unit 5 Number of Bedrooms: 1
  • Unit 5 Number of Bathrooms: 1
Unit 6
  • Unit Rent: 1694
  • Unit Rent Total: $20,328
  • Unit 6 Number of Bedrooms: 1
  • Unit 6 Number of Bathrooms: 1
Unit 7
  • Unit Rent: 1600
  • Unit Rent Total: $19,200
  • Unit 7 Number of Bedrooms: 1
  • Unit 7 Number of Bathrooms: 1
Unit 8
  • Unit Rent: 1437
  • Unit Rent Total: $51,696
  • Unit 8 Number of Bedrooms: 1
  • Unit 8 Number of Bathrooms: 1
Unit 9
  • Unit Rent: 1172
  • Unit Rent Total: $98,448
  • Unit 9 Number of Bedrooms: 1
  • Unit 9 Number of Bathrooms: 1
Unit 10
  • Unit Rent: 1090
  • Unit Rent Total: $26,160
  • Unit 10 Number of Bedrooms: 1
  • Unit 10 Number of Bathrooms: 1
Building Details
  • Unit Type: Other/Remarks
  • Age: 1950
  • Amenities: None
  • Construction: Stucco
  • Floor Covering: Vinyl
  • Have: 0
  • Motive/Want: exchange
  • Parking: Spaces
  • Special: None
  • SqFt of Improvement: 11,780

Property History for 918-950 Main Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Schools near 918-950 Main Street

This home is within Ramona City Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 6
Public - 7 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Ramona Elementary School
PublicK to 6

Olive Peirce Middle School
Public7 to 8

Ramona High School
Public9 to 12

Montecito High (Continuation) 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.

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918-950 Main Street is a multi-family home for sale in Ramona, CA 92065. This property was listed for sale on January 22, 2024 by Cheryl Horn, Broker, it's currently listed at $4,300,000. This listing's school district is Ramona City Unified School District. Nearby schools include Ramona Elementary School, Olive Peirce Middle School and Ramona High School. 918-950 Main Street is a 9-bed, 10-bath, multi-family home.

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Listing Courtesy of Cheryl Horn, Broker, Cheryl Horn, DRE #01900723

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