50292 Ramona St Cabazon, CA 92230
Estimated payment $4,912/month
Highlights
- Central Heating
- Bike Trail
- 1-Story Property
About This Home
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 50292–50330 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.
Listing Agent
LE INVESTMENT GROUP Brokerage Phone: 951-500-8585 License #01962714 Listed on: 10/29/2025
Property Details
Home Type
- Apartment
Year Built
- Built in 1941
Lot Details
- 7,405 Sq Ft Lot
- No Common Walls
- Density is 2-5 Units/Acre
- 526-031-16, 526-031-18, 526-031-19, 526-031-006
Home Design
- Entry on the 1st floor
Interior Spaces
- 5,750 Sq Ft Home
- 1-Story Property
Bedrooms and Bathrooms
- 8 Bedrooms
- 5 Bathrooms
Utilities
- Central Heating
- Cesspool
- Septic Type Unknown
Listing and Financial Details
- Tax Lot 46
- Tax Tract Number 55046
- Assessor Parcel Number 526031017
- $94 per year additional tax assessments
Community Details
Overview
- 7 Buildings
- 8 Units
Recreation
- Bike Trail
Building Details
- Rent Control
- 8 Separate Electric Meters
- 8 Separate Gas Meters
- 2 Separate Water Meters
- Insurance Expense $5,033
- Trash Expense $3,600
- Water Sewer Expense $3,600
- New Taxes Expense $10,450
- Operating Expense $31,432
- Gross Income $92,520
- Net Operating Income $57,387
Map
Home Values in the Area
Average Home Value in this Area
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 | $667 | $42,607 | $9,465 | $33,142 |
| 2023 | $667 | $40,955 | $9,099 | $31,856 |
| 2022 | $656 | $40,153 | $8,921 | $31,232 |
| 2021 | $645 | $39,367 | $8,747 | $30,620 |
| 2020 | $637 | $38,965 | $8,658 | $30,307 |
| 2019 | $627 | $38,202 | $8,489 | $29,713 |
| 2018 | $623 | $37,454 | $8,323 | $29,131 |
| 2017 | $612 | $36,720 | $8,160 | $28,560 |
| 2016 | $585 | $36,000 | $8,000 | $28,000 |
| 2015 | $453 | $26,508 | $10,910 | $15,598 |
| 2014 | $450 | $25,992 | $10,698 | $15,294 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 12/12/2025 12/12/25 | Price Changed | $915,000 | -3.7% | $159 / Sq Ft |
| 10/29/2025 10/29/25 | For Sale | $950,000 | -- | $165 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $190,000 | Nations Title Company Of Ca |
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: IV25250049
APN: 526-031-017
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Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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