Price Reduction
Address
1551 Montecito Rd. Ramona, CA
Price
$ 8,349,000
Property Attributes
  • MLS#200007182
  • TypePending
  • CountySAN DIEGO
  • CityRamona
  • AreaRamona
  • Zip92065
  • StyleCommercial/Residential
  • Price$ 8,349,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
Listing Provided Courtesy Of:
Terry Moore with Apartment Consultants, Inc..
Property Description

DRAMATIC PRICE REDUCTION! Sellers will guarantee 93% of collections for six months. There are 38 legal units; former office space was converted into two non-permitted 2 Bed/1 bath units. Next owner might not have a separate rental office. This asset also has washer/ dryer hookups, individual water heaters, central heat and air, fireplaces and interior panel doors in the 38 original units. Gated entry for people and vehicles gives residents peace of mind. Tenants enjoy a sparkling pool and carport parking. Enclosing carports or adding vinyl windows, or upgrading kitchens or baths could boost income. The parcel goes back to Santa Maria Creek. The general plan shows three zones for this lot, one of which is for single family homes. Buyer may want to investigate the possibilities of adding more buildings. Terry Moore, real estate licensee, is a part owner of this asset. Sellers have upgraded many units on turnover. Buyers, agent and inspectors must comply with CAR guidiline and BEFORE inspection must submit CAR form "PEAD". Cooling: Central Forced Air Elec

Price History
2/13/2020 Listed $9,650,000
3/3/2020 2% - $9,525,000
5/8/2020 6% - $8,995,000
7/17/2020 5% - $8,599,000
9/29/2020 3% - $8,349,000

General Features

Carport Spaces 38.00
Construction Materials Frame, Stucco
Heating Forced Air
Listagentaor San Diego
Listing Agent Terry Moore - BRE#00918512
Listing Agent State License 00918512
MLS Area 92065 - Ramona
Property SubType Commercial/Residential
Property Type Commercial Sale
Roof Composition
Source System SDMLS
Total Units 38

Interior Features

Heating Y/N Yes

Exterior Features

Number of Buildings 1
Total Parking 38.00

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 92065

Price
AVG $680K
$8.35M
Visits
AVG 48
13

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