Address
1551 Montecito Rd. Ramona, CA
Price
$ 8,349,000
Property Attributes
  • MLS#200007182
  • TypePending
  • CountySAN DIEGO
  • CityRamona
  • AreaNorth County Inland
  • NeighborhoodNorth County Inland
  • Zip92065
  • Style
  • Taxes87665
  • Price$ 8,349,000
  • Bedrooms22
  • Full Bathrooms13
  • Half Bathrooms0
  • Sqr Footage36248
  • Lot Size5.28 Acres
Listing Provided Courtesy Of:
Apartment Consultants, Inc.
Property Description

DRAMATIC PRICE REDUCTION! Sellers will guarantee 93% of collections for six months. There are 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, central heat and air, fireplaces and interior panel doors in the 38 original units. Gated entry for people and vehicles gives residents peace of mind. Tenants enjoy a sparkling pool and carport parking. Enclosing carports or adding vinyl windows, or upgrading kitchens or baths could boost income. The parcel goes back to Santa Maria Creek. The general plan shows three zones for this lot, one of which is for single family homes. Buyer may want to investigate the possibilities of adding more buildings. Terry Moore, real estate licensee, is a part owner of this asset. Sellers have upgraded many units on turnover. Buyers, agent and inspectors must comply with CAR guidiline and BEFORE inspection must submit CAR form "PEAD".

Price History
2/12/2020 Listed $9,650,000
3/3/2020 2% - $9,525,000
5/8/2020 6% - $8,995,000
7/17/2020 5% - $8,599,000
9/29/2020 3% - $8,349,000

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
Cooling Central Forced Air Elec
Heating Central Forced Air Elec
Laundry Leased
Parking Carports, Spaces
Roof Composition
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
Floor Covering Tile, Wall to Wall Carpet

Exterior Features

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

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • 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 $690K
$8.35M
Taxes
AVG $45,565
$87,665
Visits
AVG 55
378

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