50292 Ramona, Cabazon, CA 92230

• 5,750 sqft

Property Description

7-Units + Single family home on separate APN. The property consists of a total of Five (5) separate APNs. 526-031-16, 526-031-17, 526-031-18, 526-031-19, & 526-031-006. Highlights: Strong yield with a current CAP Rate of 6.00% with a Pro Forma CAP Rate of 6.77% achievable through market rent adjustments / Current GRM of 10.27 with a Pro Forma GRM of 9.15. Community located at 50292–50330 Ramona Street, a well-located eight-unit multifamily property in Cabazon, California. Built in 1950, this single-story asset consists of seven detached buildings situated on a generous 0.72-acre lot, offering approximately 5,750 square feet of rentable living area. The unit mix features a variety of layouts well-suited for tenants seeking affordability and privacy, including five (5) one-bedroom one-bath units, one (1) two-bedroom one bath unit, one (1) two-bedroom one-bath single-family residence, and one (1) three-bedroom one-and-a-half-bath single-family residence. Most units are detached, providing residents with a more residential feel and reduced density compared to typical multifamily properties. Each unit is separately metered for gas and electricity, minimizing owner-paid utilities.

Listing Status:

Active

Date Added:

October 29, 2025 at 05:00AM

Listing Office:

LE INVESTMENT GROUP : 909-256-7889

Listing Agent:

WAYNE KRENTEL : 951-500-8585

MLS ID:

CRIV25250049

Interior

• Laundry: No Hookups
• Heating: Other

Location

• County: Riverside

Lot

• Zoning: 526031017

Utilities

• Utilities: Other Water/Sewer
• Water: Other
• Sewer: Other

This listing courtesy of WAYNE KRENTEL, LE INVESTMENT GROUP