$103,000
●
House -
Off Market
326 12th Street
Ramona, CA 92065
3 Beds
2 Baths,
1
Half Bath
1,485 Ft²
$238,693
RealtyHop Estimate
116.99%
Since Jun 1, 2012
National-US
Primary Model
About This Property
FIXER! Sq. Ft per county records in on MLS. The house is 2BD/1.5BA
and garage has been illegally converted into a 1BD/1BA unpermitted
studio. Zoning is C36 General Commercial and is just off Main St.
Electrical wiring has been stripped from ceiling and this is a
fixer. *** County requires continuance of occupancy in order to use
the C-36 Zoning as either SFR OR Commercial. Must have one business
on site to use one bldg as SFR as a secondary use*** Equipment:
Range/Oven, Satellite Dish Other Fees: 0 Sewer: Sewer
Connected Topography: LL
Unit Size
1,485 Ft²
Days on Market
-
Land Size
0.10 acres
Price per sqft
$74
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1952
Payment Calculator
Home Price
Down Payment
%
Loan Term
Interest %
Your Estimated Monthly Payment
Principal + Interest:
Property Tax:
HOA:
Home Insurance:
Mortgage Insurance:
Cap Rate Calculator
Purchase Price
Monthly Property Taxes
Monthly Rental Income
Maintenance & HOA
Income Per Year
Expenses Per Year
Operating Profit Per Year
Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 4 months ago (SDMLS #120012955)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Dec 23, 2024 | Sold | ||
| Sold | |||
| Nov 28, 2024 | In contract | - | |
| In contract | |||
| Nov 10, 2024 | Listed by Christen Jensen, Broker | $625,000 | |
| Listed by Christen Jensen, Broker | |||
| | |||
|
Explore the potential at 326 12th St, a unique property offering two separate houses on one lot, presenting a versatile investment with excellent income possibilities. This property is ideally suited for a variety of uses, whether you're looking to rent both units, to live in one unit and rent the other, accommodate extended family, or even operate a business from one unit while residing in the other, thanks to its being located in a commercial area of Ramona. The front house features 2 bedrooms and 1.5 baths, and is move-in ready. The back unit is rented and accessible via the alley, it includes 2 bedrooms (One with no closet) and 1 bath. Each unit offers the convenience of its own laundry facilities and ample parking. Located close to the town center, this property benefits from easy access to local amenities, including schools, parks, library, shopping and more.
| |||
| Sep 20, 2021 | Sold | ||
| Sold | |||
| Aug 19, 2021 | Listed by Compass | $525,000 | |
| Listed by Compass | |||
| | |||
|
Great opportunity to own two houses on one lot. 2/1.5 and 1/1. So many options. Live in one and rent out the other, move in extended family, utilize a business in the front and live in the back or collect rental income from both units. Zoned commercial. Excellent income potential close to town! The front unit which is a 2 bedroom 1.5 bath is ready for occupancy and rents for approximately $1,800. The back unit which is a 1 bedroom 1 bath unit with alley access is currently rented and receiving $1,200 per month. Both units have their own laundry and plenty of parking. Buyer to verify measurements, zoning, condition, amenities, etc.
| |||
Show More
Property Highlights
Garage
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Ramona
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
Listed by: Cristina Vaughn, San Vicente Realty
Last Updated: 4 months ago
Data Source: CRMLS, MLS# 120012955
Last Updated: 4 months ago
Data Source: CRMLS, MLS# 120012955
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
Your Privacy Choices
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017