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22009 Grand Terrace Road Grand Terrace, CA 92313
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Key Details
Sold Price $1,175,000
Property Type Single Family Home
Listing Status Sold
Purchase Type For Sale
Square Footage 3,468 sqft
Price per Sqft $338
MLS Listing ID PW-22027676
Sold Date 05/04/22
Year Built 1964
Lot Size 7,600 Sqft
Property Description
HIGHLY MOTIVATED SELLER! 1031 EXCHANGE REPLACEMENT PROPERTY ALREADY LOCATED. ALL OFFERS TO BE CONSIDERED. Grand Terrace Apartments is a cash flowing 4-unit apartment complex located in the heart of Grand Terrace. The Grand Terrace Apartments is an exceptionally well-maintained property with excellent financials. It presents an extremely rare opportunity to purchase Grand Terrace rentals, one of the most upscale rental locations in the Inland Empire. Built-in 1964 and comprised of highly desirable single-story, two bedroom/one bathroom units with large, private yards and washer/dryer hookups for each tenant. These qualities attract high-paying renters with long-term stays. The property also offers the new Buyer the potential to add an ADU (Accessory Dwelling Unit) and the Seller has already created a rendering for this added unit. The quality and rareness to obtain a Grand Terrace investment combined with substantial upside and ADU potential makes this unique investment the perfect find for any apartment investor.
Location
State CA
County San Bernardino
Zoning R-2
Interior
Interior Features Unfurnished
Heating None
Cooling Wall/Window Unit(s)
Fireplaces Type None
Laundry Gas & Electric Dryer Hookup
Exterior
Parking Features Gated
Pool None
Community Features Rural
Utilities Available See Remarks
Building
Lot Description Yard, 0-1 Unit/Acre
Sewer Public Sewer
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