Price Reduction
Address
1551 Montecito Rd. Ramona, CA
Price
$ 9,525,000
Property Attributes
  • MLS#200007182
  • TypeIncome
  • CountySAN DIEGO
  • CityRamona
  • AreaNorth County Inland
  • NeighborhoodNorth County Inland
  • Zip92065
  • Style
  • Taxes100013
  • Price$ 9,525,000
  • Bedrooms22
  • Full Bathrooms13
  • Half Bathrooms0
  • Sqr Footage36248
  • Lot Size5.28 Acres
Listing Provided Courtesy Of:
Apartment Consultants, Inc.
Property Description

The property across the street is also available for sale by the same owners. This asset has 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, fireplaces and interior panel doors in 38 original units. 38 original units have central heat and air. Gated entry for people and vehicles gives residents peace of mind. Tenants enjoy a sparkling swimming pool and carport parking.The parcel has extra land between the apartments and Santa Maria Creek. The Ramona Community Plan seems to allow part of the parcel to be used for single family homes. The Buyer may want to investigate the possibilities of adding more buildings. Terry Moore, real estate licensee, is a part owner of this asset. Sellers upgraded many units on turnover.Sewer, fire protection & other are collected via property tax billing.

Price History
2/12/2020 Listed $9,650,000
3/3/2020 2% - $9,525,000

General Features

# Of Units (1) 8
# Of Units (2) 5
# Of Units (3) 1
# Of Units (4) 4
# Of Units (5) 6
# Of Units (6) 4
# Of Units (7) 2
# Of Units (8) 8
# Of Units (9) 2
Amenities Heated Pool
Construction Frame, Stucco
Parking Carports, Spaces
Sale/rent For Sale
Tenant Pays Electric y
Tenant Pays Gas Yes
Total Units 38

Interior Features

# Of Units W/ranges 40
# Of Units W/refrigerator 40
Baths in Unit 1 2.0
Baths in Unit 2 2.0
Baths in Unit 3 2.0
Baths in Unit 4 2.0
Baths in Unit 5 1.0
Baths in Unit 6 1.0
Baths in Unit 7 1.0
Baths in Unit 8 1.0
Baths in Unit 9 1.0
Bedrooms in Unit 1 3
Bedrooms in Unit 2 3
Bedrooms in Unit 3 3
Bedrooms in Unit 4 3
Bedrooms in Unit 5 2
Bedrooms in Unit 6 2
Bedrooms in Unit 7 2
Bedrooms in Unit 8 2
Bedrooms in Unit 9 2
Cooling Central Forced Air Elec
Floor Covering Tile, Wall to Wall Carpet
Heating Central Forced Air Elec
Laundry Leased

Exterior Features

Car Port 38
Exterior Metal Fence
Lot Size Area 5.0 through 10.0 Acres
Number of Buildings 1
Roof Composition
Total Parking 60

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 $5.08M
$9.53M
Taxes
AVG $53,288
$100,013
Visits
AVG 29
48

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