306 E 7th Street, San Jacinto, California 92583, San Jacinto, 92583 - bed, bath

306 E 7th Street, San Jacinto, California 92583 home-pic-0
ACTIVE$3,825,000
306 E 7th Street, San Jacinto, California 92583
0Bed
0Bath
20,000Sqft
3,049Lot
Year Built
1967
Close
-
List price
$3.83M
Original List price
$3.91M
Price/Sqft
$191
HOA
-
Days on market
-
Sold On
-
MLS number
SW25026608
Home ConditionFair
Features
Good View:
View-

About this home

We found 4 Cons,5 Pros. Rank: price - $3.83M(99th), sqft - 20000(99th), beds - undefined(1th), baths - undefined(1th).

Rare Investment Opportunity 17 Homes in San Jacinto. This is a unique opportunity to own 17 properties in a well-established senior community in San Jacinto. The portfolio includes 8 homes on 7th Street and 9 homes on Santo Drive, offering a mix of 2- and 3-bedroom homes with living spaces ranging from 988 to 1,496 sq. ft. Some homes have been updated, while others maintain their original charm. Several properties also feature newly installed roofs. This offering is ideal for investors looking to expand their portfolio or those seeking a steady income opportunity in a desirable location. Don’t miss out on this rare opportunity contact us today for more details!

Condition Rating
Fair

The property, built in 1967, is 58 years old. The listing description indicates 'some homes have been updated, while others maintain their original charm,' and 'several properties also feature newly installed roofs.' The exterior images show homes consistent with their 1960s construction, appearing functional but dated, with some units featuring window AC units. Without interior photos, especially of kitchens and bathrooms, it's difficult to assess their specific condition, but 'original charm' strongly suggests outdated styles and features. While some updates have occurred, the overall portfolio likely requires minor updates or repairs to bring all units to modern standards, fitting the 'fair' category where homes are aged but maintained, with major components functional but showing signs of being outdated.
Pros & Cons

Pros

Large Portfolio Investment: This offering includes 17 homes, providing a significant scale for investors looking to expand their portfolio and achieve diversification.
Steady Income Potential: Explicitly marketed as a 'steady income opportunity,' indicating strong potential for consistent rental revenue from multiple units.
Diverse Unit Mix: The portfolio features a mix of 2- and 3-bedroom homes with varying sizes (988 to 1,496 sq. ft.), appealing to a broader tenant demographic.
Recent Capital Improvements: Several properties boast newly installed roofs and some have been updated, potentially reducing immediate capital expenditure for those units.
Established Community Location: Located in a 'well-established senior community,' which can offer stable tenancy and a specific, potentially reliable, market niche.

Cons

Low Available Lot Utilization: The property has a small lot size, more than 70 percent of which is taken by its living area. lot size in square feet = 3049, living area = 20000.
Age of Properties: Built in 1967, the properties are over 50 years old, suggesting potential for higher ongoing maintenance and capital expenditure needs for aging systems and structures.
Inconsistent Property Conditions: The portfolio includes homes with varying conditions ('some updated, others original charm'), which could lead to differing renovation costs and rental income potential across units.
High Management Overhead: Managing 17 individual residential units requires significant time, resources, or professional property management, adding to operational costs and complexity for an investor.

Best solution for experienced home buyers!

Data-driven home buying experience with our licensed real estate agents and cutting-edge AI

Browse Properties by State Browse housing market trends by state