27700 Avenida Terrazo
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27700 Avenida Terrazo
7 Unit Apartment Building $1,800,000 ($257,143/Unit) 3.95% Cap Rate Cathedral City, CA 92234
Investment Highlights
- Close proximity to I-10 and commercial centers.
- This is the only multi-family property in this Single Family Residential area.
Executive Summary
Exceptional opportunity to acquire a 7 unit, well maintained, rental property in a lovely rediential neighborhood of single family homes. Consisting of six 1 bedroom, 1 bath units and one 2 bedroom, 2 bath unit, all units have separate gas and electric meters enabling tenant paid utilities.There is a common laundry room for the use of the tenants, which also generates additonal income for the owner. This unique property, just off of Vista Chino, is located close to all of the neighborhood amenities, including shopping, entertainment and easy access to the I-10 Freeway. A property of this type is a rarity in today's real estate market. The principal of the Seller LLC is a licensed California Real Estate Broker. Buyer will cooperate with the Seller by agreeing to conduct the purchase utilizing an IRS Section 1031 Tax Deferred Exchange transaction, at no expense to Buyer. Buyer is advised to conduct their own due diligence in determining the financial viability of their investment in the property. Seller will provide all available financial information to the Buyer upon the Buyer submitting evidence of financil credibility to complete the traqnsaction and execute an NDA.
Financial Summary (Pro forma - 2025) Click Here to Access |
Annual | Annual Per SF |
---|---|---|
Gross Rental Income | $99,999 | $9.99 |
Other Income | - | - |
Vacancy Loss | - | - |
Effective Gross Income | $99,999 | $9.99 |
Taxes | $99,999 | $9.99 |
Operating Expenses | $99,999 | $9.99 |
Total Expenses | $99,999 | $9.99 |
Net Operating Income | $99,999 | $9.99 |
Financial Summary (Pro forma - 2025) Click Here to Access
Gross Rental Income | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Other Income | |
---|---|
Annual | - |
Annual Per SF | - |
Vacancy Loss | |
---|---|
Annual | - |
Annual Per SF | - |
Effective Gross Income | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Taxes | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Operating Expenses | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Total Expenses | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Net Operating Income | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Property Facts
Price | $1,800,000 | Property Subtype | Apartment |
Price Per Unit | $257,143 | Apartment Style | Low Rise |
Sale Type | Investment | Building Class | C |
Cap Rate | 3.95% | Lot Size | 0.43 AC |
Sale Conditions | 1031 Exchange | Building Size | 4,131 SF |
Gross Rent Multiplier | 16.6 | No. Stories | 1 |
No. Units | 7 | Year Built/Renovated | 1983/2018 |
Property Type | Multifamily | Parking Ratio | 1.43/1,000 SF |
Price | $1,800,000 |
Price Per Unit | $257,143 |
Sale Type | Investment |
Cap Rate | 3.95% |
Sale Conditions | 1031 Exchange |
Gross Rent Multiplier | 16.6 |
No. Units | 7 |
Property Type | Multifamily |
Property Subtype | Apartment |
Apartment Style | Low Rise |
Building Class | C |
Lot Size | 0.43 AC |
Building Size | 4,131 SF |
No. Stories | 1 |
Year Built/Renovated | 1983/2018 |
Parking Ratio | 1.43/1,000 SF |
Unit Amenities
- Air Conditioning
Site Amenities
- 24 Hour Access
- Laundry Facilities
- Smoke Detector
Unit Mix Information
Description | No. Units | Avg. Rent/Mo | SF |
---|---|---|---|
1+1 | 6 | $1,399 | 480 |
2+2 | 1 | $1,610 | 900 |
PROPERTY TAXES
Parcel Number | 677-173-055 | Total Assessment | $1,066,838 (2023) |
Land Assessment | $214,439 (2023) | Annual Taxes | ($1) ($0.00/SF) |
Improvements Assessment | $852,399 (2023) | Tax Year | 2025 |
PROPERTY TAXES
Parcel Number
677-173-055
Land Assessment
$214,439 (2023)
Improvements Assessment
$852,399 (2023)
Total Assessment
$1,066,838 (2023)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
zoning
Zoning Code | R1, Cathedral City (Residential) |
R1, Cathedral City (Residential) |
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Grossman Real Estate
27700 Avenida Terrazo
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