Price
$ 1,299,999

9417 19th Street, Rancho Cucamonga, CA 91701  

9417 19th Street, Rancho Cucamonga, CA 91701  

2.25 prime acres in north Rancho Cucamonga. This property has 4 structures on it. 2 houses which have been split in 1/2 and are now serving as duplexes. a former garage which has been turned into a duplex and a barn type structure being used for storage. The scheduled gross rent from the 7 tenants is $6,725 / mo. A test fit tract map has been laid out showing 2 of the 4 structures being retained and an additional 6 lots being sub-divided. a full package showing the tract map is available on LoopNet Drainage and sewer capacity appear to be planned into the cul-de-sac to the south. Huber Pl could be extended from the south to give access. As land (not considering any value given to the structures), the property is priced at $577 / acre, a fair value for north R. Cuc as is supported by recent comps. The existing income could be collected while a tract map was processed. the owner pays utilities which run about $1,625 / mo add $273 for insurance and $1,200 for taxes and the rentals should net about $3,400 / mo giving a 2.6% return while the map is processed. The structures need work and the sale is "as is, where is" no warranties or guarantees of any kind. No termite clearance will be offered.

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Listing Type
Multi-Family
Listing ID
TR17180921
Lot Size
2.25 acres
Listing Status
Active
Year Built
1954
County
San Bernardino
Floors
1
Units
6
TaxID
0202061490000
TaxYear
2017
Listing courtesy of Lee Spence~Daum Commercial RE Services
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    Listing Information Provided By:
    RE/MAX ELEGANCE
    10300 4th Street Rancho Cucamonga, CA 91730 | Phone: (909) 481-5900
    RE/MAX ELEGANCE is licensed in the state of California CalBRE License #: 01468110
    EACH OFFICE INDEPENDENTLY OWNED AND OPERATED.