- 8 Beds
- 5 Baths
- .17 Acres
- 61 DOM
50292 Ramona
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.
Essential Information
- MLS® #IV25250049
- Price$915,000
- Bedrooms8
- Bathrooms5.00
- Acres0.17
- Year Built1941
- TypeResidential Income
- Sub-TypeApartment
- StatusActive
Community Information
- Address50292 Ramona
- SubdivisionOTHR
- CityCabazon
- CountyRiverside
- Zip Code92230
Area
263 - Banning/Beaumont/Cherry Valley
Amenities
- PoolNone
Interior
- HeatingCentral
- # of Stories1
- StoriesOne
Exterior
- Lot DescriptionTwoToFiveUnitsAcre
Additional Information
- Date ListedOctober 27th, 2025
- Days on Market61
Listing Details
- AgentWayne Krentel
- OfficeLE INVESTMENT GROUP
Price Change History for 50292 Ramona, Cabazon, (MLS® #IV25250049)
| Date | Details | Change |
|---|---|---|
| Price Reduced from $950,000 to $915,000 |
Wayne Krentel, LE INVESTMENT GROUP.
Based on information from California Regional Multiple Listing Service, Inc. as of December 29th, 2025 at 8:26pm PST. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.