NOT LISTED FOR SALE

918 Main St Ramona, CA 92065

9 Beds
10 Baths
11,780 Sq Ft
-- Built

Last Sold July 15, 2024

Last sale price $4,300,000 $365 Per Sq Ft

63 Days on Market

About This Home

As of July 2024

In the heart of old town Ramona, 23 one bedroom units AND an office building. Two parking lots, most units are built as cottages with a front door, back door and no one on top of below. Some units are completely renovated some are partially renovated. No vacancies, no delinquencies. Current monthly rents are $34,000. Last 4 units rented for $1750 each. Self managed and tenants deposit rent every month. In the last 6 years, a new unit with permits has been built, several new roofs and foundations, several major improvements. 4 parcels are 281-281-14-00, 281-281-15-00, 281-281-16-00, 281-281-17-00 See attached flyer for more information. This property has a great cash flow and cap rate, and owner will only sell if terms are favorable.

Last Agent to Sell the Property

Cheryl Horn

Cheryl Horn, Broker License #01900723 Listed on: 01/22/2024

Last Buyer's Agent

Kamran Banayan

OpenHome License #00822018

Property Details

Home Type

  • Multi-Family

Parking

  • Parking Available

Home Design

  • Composition Roof

Interior Spaces

  • 9 Bedrooms
  • 11,780 Sq Ft Home
  • 2-Story Property
  • Vinyl Flooring

Additional Homes

  • Number of ADU Units: 1

Utilities

  • Cooling System Mounted To A Wall/Window
  • Baseboard Heating
  • Heating System Mounted To A Wall or Window

Listing and Financial Details

  • Total Actual Rent $34,305

Community Details

Overview

  • 10 Buildings
  • 24 Units

Building Details

  • 24 Leased Units
  • Operating Expense $104,257

Property Details

Home Type

Multi-Family

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Stories: 1
  • Unit Levels: 1 Story, 2 Story
  • Property Sub Type: Com-Res Income
  • Community Features: None
  • CapRate: 7.15
  • Co List Office Mls Id: 5363
  • Directions: Main road Ramona, between 9th and 10th street.
  • Living Area: 11780.0
  • Structure Type: Other/Remarks
  • FeedTypes: IDX
  • RFModificationTimestamp: 2025-07-01T08:00:21Z
  • FullAddress: 918-950 Main St
  • NumofLeasedApartments: 24
  • Special Features: VirtualTour

Interior Features

  • Total Bedrooms: 9
  • Flooring: Vinyl

Exterior Features

  • Roof: Composition
  • Construction Type: Metal Fence

Garage/Parking

  • Parking Features: Spaces

Utilities

  • Cooling: Wall/Window, Other
  • Heating: Baseboard, Wall, Other/Remarks
  • Laundry Features: Leased

Multi Family

  • Number Of Buildings: 10
  • Number Of Units Total: 24
  • Annual Operating Expense: 104257.0
  • Total Actual Rent: 34305.0

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

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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

Property History

Date Event Price List to Sale Price per Sq Ft
07/15/2024 07/15/24 Sold $4,300,000 0.0% $365 / Sq Ft
03/27/2024 03/27/24 Pending -- -- --
01/23/2024 01/23/24 For Sale $4,300,000 -- $365 / Sq Ft
Source: San Diego MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Cheryl Horn

    Seller's Agent in 2024

    Cheryl Horn

    Cheryl Horn, Broker

    (858) 692-4249

    1 in this area

    7 Total Sales

    Cheryl Horn
    Section Image

  • K

    Buyer's Agent in 2024

    Kamran Banayan

    OpenHome

    (858) 922-0399

    1 in this area

    3 Total Sales

    Kamran Banayan
    Section Image
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Map

Source: San Diego MLS

MLS Number: 240001701

San Diego MLS

APN: 281-281-17-00

California San Diego County Ramona 92065

918 Main St, Ramona, CA

Not Listed for Sale

MultiFamily

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