Norco, CA 92860,3218 Sierra AVE

$765,000

$849,000

9.9%
Est.Price: ?

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Est. payment /mo

0.45 Acres Lot


SOLD DATE : 07/16/2014

Key Details

Sold Price $765,000

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

MLS Listing ID CV14056991

Sold Date 07/16/14

HOA Y/N No

Year Built 1960

Tax Year 2013

Lot Size 0.450 Acres

Property Description

A rare, one-story, 5-unit apartment complex located in the city of Norco, California. The property boasts several amenities that are attractive to tenants, including professionally remodeled apartments, kitchen upgrades include new appliances and cabinets, recessed lighting throughout, tiled floors, and upgraded instant hot water heaters. The property has historically maintained 100% occupancy.

The apartments are situated on a total of approximately 19,602 square feet and there is about 4,250 square feet (to be verified) of rentable space. This is a clean, well maintained and newly upgraded complex that offers an on-site laundry facility.

Within 10 minutes of Orange County, Norco is an equestrian-oriented community where investors can easily take advantage of the opportunity to construct and lease out horse stables in the extremely spacious backyard which could possibly generate ±$15,000/yearly in additional income (to be verified/approved by City of Norco).

Location

State CA

County Riverside

Area 250 - Norco

Interior

Interior Features Ceiling Fan(s), Recessed Lighting

Heating Forced Air

Cooling Central Air

Fireplaces Type Bath

Fireplace Yes

Appliance Dishwasher, Gas Cooktop, Gas Oven, Microwave

Laundry Common Area

Exterior

Garage Unassigned

Pool None

Community Features Curbs

Utilities Available Sewer Available

Parking Type Unassigned

Total Parking Spaces 7

Private Pool No

Building

Lot Description 0-1 Unit/Acre

Story 1

Entry Level One

Water Public

Level or Stories One

Others

Tax ID 127030013

Acceptable Financing Submit

Listing Terms Submit

Financing Cash to New Loan

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by JOHN STEPHENS • MARCUS & MILLICHAP
Bought with Soheila Shirazi • Surterre Properties Inc
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