Historic Commercial Property! Rare Prime Investment Opportunity with excellent Cap rate groth potential. Located in the heart of historic Ione, home of iconic Preston Castle, this charming property offers a unique blend of residential and commercial income potential. Just steps from popular restaurants, shopping, and the iconic Preston Castle, this property is a rare investment opportunity. Features include: - A one-bedroom apartment, successfully operated as a temporary vacation rental with consistent bookings. - A studio apartment, also frequently rented as a temporary vacation rental. - A beautifully updated two-bedroom apartment, nearly complete and awaiting final permits. A convertible storage space, ideal for transforming into another rentable studio. - The commercial portion of the building is leased by a long-term tenant that recently renewed their 5 year lease, providing stable and reliable income. A welcoming lobby, beautiful patio, and 15 private parking spaces. With its prime location in the heart of Ione and a solid mix of commercial and residential spaces, this property presents an attractive investment opportunity. Ideal for investors seeking a combination of historic charm, stability, and long-term profitability.
Barbara Lynn Simmons, CALBRE 637579, Xome Inc., CALBRE 1932600, [email protected], 844-400-XOME (9663), 2945 Townsgate Road, Suite 200, Westlake Village, CA 91361
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The median home value in Ione, CA is $442,400. This is higher than the county median home value of $392,800. The national median home value is $338,100. The average price of homes sold in Ione, CA is $442,400. Approximately 66.54% of Ione homes are owned, compared to 27.71% rented, while 5.75% are vacant. Ione real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Ione real estate agent to arrange a tour today!
Ione, California has a population of 5,462. Ione is less family-centric than the surrounding county with 13.78% of the households containing married families with children. The county average for households married with children is 24.08%.
The median household income in Ione, California is $68,902. The median household income for the surrounding county is $69,955 compared to the national median of $69,021. The median age of people living in Ione is 46.1 years.
The average high temperature in July is 95.3 degrees, with an average low temperature in January of 37 degrees. The average rainfall is approximately 20.9 inches per year, with 0 inches of snow per year.