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427 E Main St, San Jacinto, CA 92583

  • $499,900

  • 3

    bed

  • 2

    bath

  • 1,726

    Sqft ($290/Sqft)

Multi-family for sale 1 hour
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About 427 E Main St

Property type Multi-family
Neighborhood
Year built 1947
HOA fee $0/month
Lot size 0.45 Acre
Movoto estimate
Parking 4 garage spaces
Property description
TWO HOMES * NEARLY 20,000 SQ. FT. LOT * DOWNTOWN VILLAGE ZONING * ENDLESS POSSIBILITIES! Rare opportunity to own two separate homes on an expansive nearly 20,000 sq. ft. lot in the heart of San Jacinto. Each residence is fully fenced and features its own front and back yard, detached oversized 2-car garage, and central A/C and heat.427 E. Main offers 2 bedrooms, 1 bathroom, plus a bonus room that can be used as an office, playroom, or additional living space.435 E. Main offers 1 bedroom and 1 bathroom, making it ideal for multigenerational living, a guest residence, or rental income. Both homes are individually metered for water, gas, and electricity, providing flexibility and convenience for both owner-users and investors. The property is located near public transportation, City Hall, shopping, restaurants, and everyday services. It is also included in the City of San Jacinto's new Specific Plan and designated "Downtown Village," with mixed-use commercial and residential zoning. The zoning may allow for development potential of up to 40 dwelling units per acre; buyer to independently verify zoning, density, allowable uses, and all development requirements with the City. The possibilities are extensive: live in one home and rent the other, accommodate multigenerational living, operate a small business, or utilize the ample lot and garage space for vehicles and equipment. Contractors, landscapers, business owners, investors, and developers will appreciate the property's flexibility and future potential.
Listed by
Listing Agent - Rodolfo Cortes Jr.
Listing Office - Futuro Financial Group Inc.
Source: The MLS mls logo
MLS#26874959 • last updated 8 hours ago
Movoto checked The MLS for data 5 minutes ago
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Overview
Levels/Style One
MLS # 26874959
Type Residential Income
Status Active
SqFt 1726
Lot Size (SqFt) 19602
Lot Size (Acres) 0.45
Tax (Mello-Roos) No
Year Built 1947
Condition Repair Cosmetic
Interior
Bathroom Desc Shower And Tub
Total # of Baths 2
Bedroom Desc All Bedrooms Down
Total # of Bedrooms 3
Other Room(s) Bonus Room
Kitchen Granite Counters
Flooring Laminate, Carpet
Appliances Microwave
Interior Features Drywall Walls, Detached/No Common Walls
Windows Double Pane Windows
Accessibility Features None
Exterior
Foundation Raised
Roof Composition, Shingle
# Garage Spaces 4
Parking Desc Driveway, Garage - 2 Car, Detached, Driveway - Concrete, Garage Is Detached, Gated, On Street
Patio Porch - Front
Lot Desc Back Yard, Fenced, Fenced Yard, Front Yard, Yard, Street Paved, Street Asphalt, Sidewalks, Lot Shape-Rectangular, Curbs
Add'l Structures None, Two On A Lot
Lot Location City, Near Public Transit
Amenities / Utilities
Sprinklers None
Water Water District
Sewer/ Septic In Connected And Paid
Water Heater Gas
Equipment Microwave, Dishwasher, Garbage Disposal, Gas Dryer Hookup, Ceiling Fan
HOA Amenities None
Pool None
Location
County Riverside
Waterfront None
View Mountains, Hills
School District San Jacinto Unified
Zoning DR
APN 437-104-009
Multifamily Details
Tenant Pays Gardener, Water
Unit 1: Furnished No
Unit 1: Projected Rent 1350
Unit 1: # Beds 1
Unit 1: Rent 1350
Unit 2: Furnished No
Unit 2: # Beds 2
Unit 2: # Baths 1
Unit 1: # Baths 1
Unit Type 2106, 2107
Unit 1: Actual Rent 13550
Total # Of Buildings 2
Net Operating Income 33600
Cap Rate 6.11
Vacancy Amount (%) 5
Vacancy Rate Yes
Gross Income 45000
Gross Operating Income 43560
Gross Rent Multiplier 12.22
Total Annual Expenses 10050
Vacancy Amount ($) 1440
Lot/ Land Details
Add'l APN False
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Around Heritage

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  • Real Estate
  • CA
  • Riverside County
  • San Jacinto
  • 92583
  • Heritage
  • 427 E Main St

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