Properties

Cabazon, CA 92230 50292 Ramona

50292 Ramona Cabazon, CA - Image 150292 Ramona Cabazon, CA - Image 250292 Ramona Cabazon, CA - Image 3
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50292 Ramona Cabazon, CA - Image 450292 Ramona Cabazon, CA - Image 5
Presented By: WAYNE KRENTEL with LE INVESTMENT GROUP; 951-500-8585
  • MLS# IV25250049
  • 10/27/2025
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  • Baths • 1
  • SQFT • 5,750

Home Details

RECENT PRICE IMPROVEMENT - 6.27% CAP RATE 7-Units + Single family home on separate APN. The property consists of a total of Five (5) separate APNs. 526-031-16, 526-031-17, 526-031-18, 526-031-19, & 526-031-006. Highlights: Strong yield with a current CAP Rate of 6.27% with a Pro Forma CAP Rate of 7.08% achievable through market rent adjustments / Current GRM of 10.27 with a Pro Forma GRM of 9.15. Community located at 50292โ€“50330 Ramona Street, a well-located eight-unit multifamily property in Cabazon, California. Built in 1950, this single-story asset consists of seven detached buildings situated on a generous 0.72-acre lot, offering approximately 5,750 square feet of rentable living area. The unit mix features a variety of layouts well-suited for tenants seeking affordability and privacy, including five (5) one-bedroom one-bath units, one (1) two-bedroom one bath unit, one (1) two-bedroom one-bath single-family residence, and one (1) three-bedroom one-and-a-half-bath single-family residence. Most units are detached, providing residents with a more residential feel and reduced density compared to typical multifamily properties. Each unit is separately metered for gas and electricity, minimizing owner-paid utilities.
Presented By: WAYNE KRENTEL with LE INVESTMENT GROUP; 951-500-8585

Interior Features for 50292 Ramona

Other Interior Features

Common WallsNo Common Walls
Heating Y/NYes
Laundry FeaturesNone
Total Stories1

Other Rooms

Entry Level1

General for 50292 Ramona

Additional Parcels Description526-031-16, 526-031-18, 526-031-19, 526-031-006
Additional Parcels Y/NNo
Building Area UnitsSquare Feet
Cap Rate6.27
CityCabazon
Community FeaturesBiking
CountyRiverside
DirectionsSOuth of 10 Freeway
Electric Expense
Entry Location1
Fuel Expense
Garage Spaces
Garage Y/NNo
Gross Income92520
HeatingCentral
Insurance Expense5033
Land Lease Y/NNo
LevelsOne
Listing TermsSubmit
Lot Size Square Feet7405
Lot Size UnitsSquare Feet
MLS Area263 - Banning/Beaumont/Cherry Valley
Net Operating Income57387
New ConstructionNo
Number Of Units Total8
Operating Expense31432
Pool FeaturesNone
PostalCityCABAZON
Property Attached Y/NNo
Property Sub Type AdditionalApartment
Property SubtypeApartment
Property TypeResidential Income
Rent Control Y/NYes
Senior Community Y/NNo
SewerCesspool, Septic Type Unknown
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories Count1
Subdivision NameOTHR
Tax Lot46
Taxes$10,450
Tenant PaysElectricity
Trash Expense3600
Water Sewer Expense3600
Year Built1941
Year Built SourceAssessor

Exterior for 50292 Ramona

Building Area Total5750
Lot Features2-5 Units/Acre
Lot Size Acres0.17
Lot Size Area7405
Lot Size SourceAssessor
Number of Buildings7
Number of Separate Electric Meters8
Number of Separate Gas Meters8
Number of Separate Water Meters2
Private PoolNo
Total Parking0
Water SourcePublic

Additional Details

Price History

Schools

High School Hubert H Humphrey Middle School
Middle School N/A
Elementary School Big Hollow Elementary School

Connect Realty

Price $915,000
MLS#IV25250049
List Date 10/27/2025
Property Type Multi-Family
Phone 888.795.6274
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