Saturday, March 31, 2012

Investment property in California offered for online bidding on Oresy.com

***Online Bidding***
Bank Owned Property
Starting bid: $249,000

Bidding ends on April 25. 2012, at 9:00 AM Pacific time.

Highest bid subject to seller approval!

The property is an 8,968-SF mixed-use project with a retail building and 9 detached single family residences (“cottages”). The improvements were built in the 1950s and 1960s.
The retail units (two downstairs that are 2,554 SF and 555 SF and a 1,390-SF unit upstairs) are located at the front of the site and are in one building.
There are also eight residential cottages ranging in size from 224 SF to 620 SF, and a ninth 3-bedroom residential unit that is 1,953 SF and is 2-story. The units have propane stoves, water heaters, and wall heaters, as well as fireplaces in residential units.
The site is located at the terminus of a T-intersection of Highway 234 and Highway 74 in Mountain Center, CA.
For more information visit Oresy.com

Listing broker:
Grubb and Ellis
CA License : 00575633

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