22009 Grand Terrace Road, Grand Terrace, CA 92313
22009 Grand Terrace Road, Grand Terrace, CA 92313
22009 Grand Terrace Road, Grand Terrace, CA 92313
Additional details
Paul Ward

Paul Ward

+1(805) 479-5004
Listed by Zoram Luna • RE/MAX TIME REALTY
$1,325,000
Est. payment /mo
3,468 SqFt
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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Square Footage 3,468 sqft

Price per Sqft $382

MLS Listing ID CV-24005128

Year Built 1964

Lot Size 7,600 Sqft

Property Sub-Type Quadruplex

Property Description

EXCELLENT INVESTMENT AND CASH FLOW OPPORTUNITY ! This upgraded Grand Terrace property represents an exceptional investment opportunity, characterized by robust cash flow! Nestled in the heart of Grand Terrace in the fast-growing Inland Empire region, the Grand Terrace Apartments have been well maintained and have impeccable strong financial performance. This offering presents a truly uncommon chance to acquire rental properties in one of the most coveted locations within the Inland Empire. Strategically positioned in close proximity to the 215/91 freeways, this property's roots date back to its construction in 1964. It comprises highly sought-after single-story, two-bedroom/one-bathroom units, each boasting private yards and individual washer/dryer hookups as well as recent upgrades that enhances tenant desirability. These features readily attract discerning renters inclined towards long-term occupancy, thereby ensuring a steady stream of rental income. Moreover, this property bestows upon the prospective buyer the prospect of further enhancing its value by incorporating an Accessory Dwelling Unit (ADU). Currently, the property enjoys full occupancy, showcasing its attractiveness to tenants. Exceptional quality, the scarcity of obtaining an investment property in the rapidly expanding city of Grand Terrace, the possibility of significant appreciation, and the potential addition of an ADU make this investment a remarkable opportunity for any astute apartment investor.

Location

State CA

County San Bernardino

Area 266 - Grand Terrace

Zoning R-2

Interior

Heating None

Laundry Gas & Electric Dryer Hookup

Exterior

Parking Features Attached Carport

Pool None

Community Features Biking, Gutters, Street Lights

Utilities Available Sewer Connected, Water Connected, Electricity Connected, Natural Gas Connected

View Y/N Yes

View Trees/Woods, City Lights

Building

Lot Description Lawn, Paved, Yard, 0-1 Unit/Acre

Sewer Public Sewer

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Nearby School & Business

Paul Ward
Paul Ward

Broker Associate License ID: 01354001

+1(805) 479-5004 | paul@homeandranchteam.com

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