NOT LISTED FOR SALE

50054 Main St Cabazon, CA 92230

Estimated Value: $334,000 - $587,000

5 Beds
3 Baths
2,300 Sq Ft
$191/Sq Ft Est. Value

Last Sold June 17, 2020

Last sale price $290,000 $126 Per Sq Ft

Est. 51% increase in value since last sale

Current estimated payment $2,737/month

82 Days on Market

Highlights

  • 0.63 Acre Lot
  • Laundry Room
  • Level Lot

About This Home

As of June 2020

Great investment opportunity. This triplex consists of two detatched buildings and sits on over 27,000 square feet of land. The front building is a small single-family residence that features two bedrooms and one bathroom. The second building has a shared wall with one unit being a two bedroom one bath unit and the other being a one bedroom one bath unit. Each of the three units also features the convenience of laundry hookups. This property also has five stalls that can be used for RV parking. Being located a short distance to Morongo Casino this asset offers great potential. Currently rented at below market rents.

Last Agent to Sell the Property

Daniel Escutia

Esen Real Estate Services License #01875256 Listed on: 12/11/2019

Last Buyer's Agent

Sarah Kim

Sarah Kim, Broker License #02033475

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,377

Year Built

  • Built in 1960

Lot Details

  • 0.63 Acre Lot
  • 1 Common Wall
  • Rural Setting
  • Level Lot
  • Density is up to 1 Unit/Acre

Home Design

  • 2,300 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Washer and Electric Dryer Hookup

Listing and Financial Details

  • Tenant pays for electricity
  • Tax Lot 170
  • Tax Tract Number 1
  • Assessor Parcel Number 526022010

Community Details

Overview

  • 2 Buildings
  • 3 Units

Building Details

  • 2 Separate Electric Meters
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Fuel Expense $1,200
  • Water Sewer Expense $1,680
  • Operating Expense $2,880
  • Gross Income $2,300
  • Net Operating Income $24,720

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,377

Year Built

Built in 1960

Lot Details

0

Listing Details

  • CapRate: 7.49
  • Property Attached: Yes
  • Water Sewer Expenses: 1680.00
  • Zoning: M-SC
  • Property Type: Residential Income
  • Parcel Number: 526022010
  • Year Built: 1960
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall
  • Price Per Square Foot: 126.09

Exterior Features

  • Pool Private: No

Utilities

  • Laundry: Yes
  • Laundry Features: Electric Dryer Hookup, Washer Hookup
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Rural

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre, Level with Street, Lot 20000-39999 Sqft
  • Lot Size Sq Ft: 27263.00
  • Lot Size Acres: 0.6259

Rental Info

  • Tenant Pays: Electricity

Multi Family

  • Average1 Bed Area: 600 Square Feet
  • Average2 Bed Area: 800 Square Feet
  • Fuel Expense: 1200.00
  • Gross Income: 2300.00
  • Gross Multiplier: 11.95
  • Gross Scheduled Income: 27600.00
  • Lot Size Area: 27263.0000 Square Feet
  • Net Operating Income: 24720.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 3
  • Operating Expense: 2880.00
  • Rent Control: No
  • Total Expenses: 2880.00

Tax Info

  • Tax Census Tract: 438.13
  • Tax Lot: 170
  • Tax Tract Number: 001

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 14, 2025
Sold by
Ringwood Ryan Penn
Bought by
Ringwood Kelly B
Current Estimated Value
$438,659

Purchase Details

Closed on
Mar 6, 2020
Sold by
Escutia Ignacio Guzman
Bought by
Ringwood Ryan P and Ringwood Kelly Bun

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$217,500
Interest Rate
3.2%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 26, 2015
Sold by
Cabazon Inn
Bought by
Escutia Ignacio Guzman

Purchase Details

Closed on
Jan 25, 2005
Sold by
Dorsett Helen B and Lucas Helen B
Bought by
Cabazon Inn

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
6.02%
Mortgage Type
Seller Take Back
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Ringwood Kelly B -- None Listed On Document
Ringwood Ryan Penn -- None Listed On Document
Ringwood Ryan P $290,000 Lawyers Title
Escutia Ignacio Guzman -- Lawyers Title Company
Escutia Ignacio Guzman $65,100 None Available
Cabazon Inn $400,000 Commonwealth Land Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Ringwood Ryan P $217,500
Previous Owner Cabazon Inn $100,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/17/2020 06/17/20 Sold $290,000 -9.3% $126 / Sq Ft
03/02/2020 03/02/20 Pending -- -- --
01/31/2020 01/31/20 Price Changed $319,888 -1.5% $139 / Sq Ft
01/24/2020 01/24/20 Price Changed $324,888 -1.5% $141 / Sq Ft
01/16/2020 01/16/20 Price Changed $329,900 -2.9% $143 / Sq Ft
01/08/2020 01/08/20 Price Changed $339,900 -2.9% $148 / Sq Ft
12/11/2019 12/11/19 For Sale $349,900 -- $152 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $4,377 $317,150 $92,956 $224,194
2023 $4,377 $304,838 $89,348 $215,490
2022 $4,285 $298,862 $87,597 $211,265
2021 $4,468 $293,003 $85,880 $207,123
2020 $1,953 $131,869 $87,913 $43,956
2019 $1,923 $129,285 $86,190 $43,095
2018 $1,911 $126,750 $84,500 $42,250
2017 $1,880 $124,266 $82,844 $41,422
2016 $1,776 $121,830 $81,220 $40,610
2015 $3,974 $278,343 $164,224 $114,119
2014 -- $272,893 $161,008 $111,885
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC19279502

California Regional Multiple Listing Service (CRMLS)

APN: 526-022-010