11411 Cherry Ave Cherry Valley, CA 92223-4723

This exceptional investment opportunity presents a portfolio of seven single-family rental units located at 11411 Cherry Ave, Cherry Valley, CA 92223. The property, situated on a 1.86-acre lot (APN 404-131-025), consists of four single-story buildings totaling 81,022 square feet, with 5,178 square feet of net rentable space. Built in 1961 and extensively renovated in 2023, the property boasts 100% occupancy, generating a substantial net operating income (NOI) of $210,600, representing a 7.29% cap rate. Each unit is thoughtfully designed with features including in-unit laundry hookups and central air conditioning and heating. Six of the seven units include a private one-car garage. The property is zoned R2 and offers significant potential for rental income growth. The asking price is $2,888,000, translating to $412,571.43 per unit and $35.64 per square foot. Seller financing is available. This turnkey investment is ideal for those seeking a strong return on investment in a desirable location. The current monthly rental income is $17,750, with potential for further increases. This is a rare opportunity to acquire a well-maintained, high-performing multifamily property in a thriving market.