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715 B St., Ramona, CA 92065
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715 B St. Ramona, CA 92065

$2,980,000 Sold Price as of 10/28/2020
  • -- Beds
  • -- Baths
  • -- Sq.Ft.
Sold
$2,980,000 Sold Price as of 10/28/2020 Refinance Your Mortgage
Map preview of 715 B St., Ramona, CA 92065

Property Overview: 715 B St. Ramona, CA has -- bedrooms, -- bathrooms, -- living square feet and 14,640 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: DRAMATIC PRICE REDUCTION! Neighbor at 733 B St. is also for sale by same family. Seller has put almost $300k into massive rehab over past year including new fixtures, lighting, flooring, paint and water heaters. All units have washer/dryer hook-ups which generate extra rent. Each unit has individual water heaters. Tenants pay to heat their own water. New energy efficient appliances save tenants money. All units have private balconies and/or large private yards. Adding garage doors to carports could boost income even further. Maxable, adu consultants, think six units could be added because of density bonus law. Seller paid salaries to four staff to service four Ramona assets. New buyer does not need a resident manager, but might pay for a porter. Sewer, fire protection & other are collected via property tax billing. Lenders may require for first year reserves of 12 month principal and interest payment(buyer posts that extra money for first year and then gets remainder back after first year).

Listed by Terry Moore | BRE #00918512 | Apartment Consultants, Inc.
Last checked: 1 minute ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 120

Home details

Lot Sq. Ft
14,640
HOA Dues
$0/mo
Year built
--
Garage
--
Property Type:
Mixed Use
Status
Sold
MLS#
200007252
City
Ramona
County
San Diego
Time on Site
1375 days
Property Unit Breakdown
Unit Mix Summary
  • Total # of Units: 14
  • Total # of Buildings: 2
Property Income/Expense Information
Property Income and Analysis
  • Cap Rate: 5%
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $278,832
  • Net Operating Income: $158,960
  • Gross Operating Income: --
  • Other Income 1: $136
Annual Expense Breakdown
  • Total Operating Expense: $105,930
  • Trash: $2,900
  • Insurance: $3,888
  • Maintenance: $12,845
  • Water/Sewer: $22,173
  • Other Expenses: $18,613

Virtual Tour

Use the following link to view this property's virtual tour:

Property Details for 715 B St.

Interior Features
Cooling Information
  • Has Cooling
  • Wall/Window Unit(s)
Heating Information
  • Has Heating
  • Wall Furnace
Exterior Features
Exterior Information
  • Roof: Composition
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 20
Property Information
  • Total # of Units: 14
  • Parcel Number: 2813120500
View more facts & features

Local Ramona Agent

Sale History for 715 B St.

Last sold for $2,980,000 on October 28th, 2020

  • October, 2020

  • Oct 29, 2020

    Date

    Sold

    CRMLS: 200007252

    $2,980,000

    Price

  • Jun 11, 2020

    Date

    Pending

    CRMLS: 200007252

    $3,199,000

    Price

  • May 7, 2020

    Date

    Price Change

    CRMLS: 200007252

    $3,199,000

    Price

  • Mar 3, 2020

    Date

    Price Change

    CRMLS: 200007252

    $3,525,000

    Price

  • Feb 13, 2020

    Date

    Active

    CRMLS: 200007252

    $3,625,000

    Price

  • October, 2020

  • Oct 28, 2020

    Date

    Sold (Public Records)

    Public Records

    $2,980,000

    Price

  • January, 2019

  • Jan 8, 2019

    Date

    Sold

    CRMLS: 180033621

    $2,500,000

    Price

  • Dec 22, 2018

    Date

    Pending

    CRMLS: 180033621

    --

    Price

  • Aug 24, 2018

    Date

    Sold

    CRMLS: 180033621

    $2,500,000

    Price

  • Aug 13, 2018

    Date

    Pending

    CRMLS: 180033621

    --

    Price

  • Listing provided courtesy of CRMLS

    The B Street Apartments is located in the beautiful rural community of Ramona, California. The property offers a garden community comprised of 14 large 2 bedroom, 2 bath units on a large 24,996 square foot lot. The tenants enjoy in-unit washer and dryers with carport parking, private balconies, and/or large private yards. In addition to having a desirable unit mix, the B Street Apartments also contains a portion of land that is maybe build-able for 1-3 more units. Currently the Ramona rental market is tight with 0.69% vacancy throughout the community (Market Pointe Realty). The B Street Apartments is a quality property that is currently rented well below market. Adding value to this asset will provide an exciting boost for a new property owner to bring the units up to market while creating an elevated, steady source of income.

  • August, 2018

  • Aug 23, 2018

    Date

    Sold (Public Records)

    Public Records

    $2,500,000

    Price

Show More

Tax History for 715 B St.

Assessed Value (2020): $1,989,000
Year Land Value Improved Value Assessed Value
2020 $591,600 $1,397,400 $1,989,000

Home Value Compared to the Market

This property vs the competition

715 B St. sold on October 28, 2020 for 299.88% higher than the current median sold price for the city of Ramona which is $800,000.

About 715 B St.

Detailed summary of property

715 B St. is a mixed use that recently sold in Ramona, CA 92065. This mixed use property offered -- bedrooms, -- bathrooms, roughly -- living square feet, and sits on an approximately 14,640 square foot lot. 715 B St. was first listed on ArdentRealEstateGroup.com on July 21, 2020. The homeowner sold the property for $2,980,000. Home in Ramona are selling for a median price of $800,000 and a median price per square foot of $440. Based on Ardent Real Estate Group's Ramona Market Data, this home is sold 299.88% higher than the current median priced home. Local homes that are currently for sale include 4910 Main St, 13832 West St and 15072-15082 Weststate St. While the average home in Ramona, CA is selling in 45 days, 715 B St. has a days on market of 120 days. There are currently 105 homes for sale in the Ramona real estate market and 93 of them are single family homes while 9 of them are condos and 3 are townhomes. For more information on this home for sale at 715 B St. Ramona, CA 92065 contact Ardent Real Estate Group and we will put you in touch with one of our Ramona agents.

Public Facts for 715 B St.

Public county record property details
Beds
14
Baths
14
Year built
1990
Sq. Ft.
14,104
Lot Size
14,641
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
San Diego
Lot#
--
APN
281-312-05-00

The source for these homes facts are from public records.

92065 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$850,000
Median List Price/Sq.Ft.
$414
Median Sold Price
$800,000
Median Sold Price/Sq.Ft.
$442
Total Inventory
105
Median Sale to List Price %
98.16%
Avg Days on Market
15
Loan Type
Conventional (37.04%), FHA (14.81%), VA (25.93%), Cash (18.52%), Other (3.7%)

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. 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.

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