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Grand Terrace, CA 92313,22009 Grand Terrace RD
Grand Terrace, CA 92313,22009 Grand Terrace RD
Grand Terrace, CA 92313,22009 Grand Terrace RD
$1,175,000
Est. payment /mo
$1,250,000
6.0%
Est.Price: ?

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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

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

Heating None

Cooling Wall/Window Unit(s)

Fireplaces Type None

Laundry Electric Dryer Hookup, Gas Dryer Hookup

Exterior

Pool None

Community Features Rural

Utilities Available See Remarks

Building

Lot Description 0-1 Unit/Acre, Yard

Story 1

Sewer Public Sewer

Water Public

New Construction No

Others

Acceptable Financing Cash to New Loan

Listing Terms 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
Devone Richard

Broker | License ID: 1002115

+1(626) 500-1212 | devone@nextadvisors.properties

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