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    26345 Highway 243 Idyllwild, CA 92549

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    For Sale
    $1,250,000

    Mixed-use property with commercial unit and five apartments for sale.

    Lot size:
    0.32 Acres

    Property Features for 26345 Highway 243

    General Information

    Lot size
    0.32 Acres

    Building Details

    Year built
    1961

    Source: Idyllwild Realty Agent Ashley Stewart

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Mixed-Use Building Investment Opportunity

    This mixed-use building presents an investment opportunity with expansion potential. The property includes a commercial unit and five 1-bedroom, 1-bath apartments. All units are consistently rented, ensuring steady income. The property currently generates $7,645 in monthly rent, with the potential to add $2,400 or more each month by finishing out the lower units. The building is on sewer and is located in a prime spot just off the highway, making it attractive for both residential and commercial tenants. The vacant lot next door, also on sewer and available for sale, offers further possibilities for expansion or development. This property is an excellent choice for investors seeking both immediate cash flow and long-term growth due to its low-maintenance design and history of reliable occupancy. Purchasing the adjacent lot could maximize investment in a desirable town location.
    Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Map

    City
    Idyllwild
    County
    Riverside
    State
    California
    Longitude
    -116.7213644
    Latitude
    33.7385347

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    FAQs

    What type of property is this?
    Mixed-use property - Mixed-use property with commercial unit and five apartments for sale.
    Where is this mixed-use property located?
    The property is located at 26345 Highway 243 Idyllwild, CA.
    What is the asking price?
    The asking price for this property is $1,250,000.
    What are key features of this property?
    This property features: - Consistent rental income of $7,645 per month with minimal vacancy.; - **Potential to increase monthly rent by $2,400** by finishing lower units.; - Prime location just off the highway, attractive to both residential and commercial tenants.
    (951) 818-1170
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    26345 Highway 243 Idyllwild, CA 92549
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    Idyllwild, CA 92549
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    26345 Highway 243 Idyllwild, CA 92549
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