SFR w/ Additional Structures and Potential ADU Assigned

  • $365,000
  • 2 beds
  • 1 baths
  • 1152 sqft
Assigned

Property Type: Single Family Residence with Multiple Structures

Current Configuration:

  • Main House: 3 bedrooms, 1 bathroom (originally listed as 2 bedrooms, 1 bathroom)
  • Front House: Studio (potential for commercial use or conversion back to single-family residence)
  • Workshop
  • 2 Car Garage

Total Buildings: 4

Investment Highlights:

  • Click for Property Photos

  • Prime location near Cal State San Bernardino and new warehouses
  • Excellent opportunity to add value through renovations and improvements
  • Substantial potential for adding ADUs to create a 3 or 6 unit income property
  • Unique rent-back agreement with seller provides guaranteed income for the buyer

Showing Information:

  • Occupied (DO NOT DISTURB OCCUPANT)
  • By appointment only – serious only.

Seller’s Rent Back Agreement:

  • Seller will pay $24,000 rent for the main house only (you could rent out the others still)
  • Two rent-back options available:
    1. Buyer receives full $24,000 at closing
    2. Buyer receives $12,000 at closing, with potential for additional rent payments in the 2nd and 3rd years (up to $3,000 more for the buyer).

Note: Seller has advanced, inoperable prostate cancer and was given 2 years to live less than a year ago.

Price: $365k
EMD: $15k non-refundable
COE:
March 31, 2023

Price:
$365,000
Address:
3001 State St
Muscoy, CA 92407
Square Feet:
1152
Lot Size:
0.5 Acre
Bedrooms:
2
Bathrooms:
1
Terms:
Assignment of Contract
Property Type:
Home
Year Built:
1946
Const. Type:
Stick

Call 951.254.2120 for more details

Property Location