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27740 Linnel Lane

Murrieta, CA 92562
  • $1,112,500
  • STATUS: Closed
  • ON SITE: 490 Days
  • ID#: SW23011218
Sold - 09/27/2023
$1,112,500
SOLD - 09/27/2023
  • 0
    BEDS
  • 10.26
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Multi-Family
Built:
1988
County:

School Ratings & Info

Listing Agent(s): Kris Mcgee of eXp Realty of California, Inc. (888-832-7179) and Jason Graham of eXp Realty of California, Inc.(888-832-7179)


Description

Residential Development Opportunity. 10.26 Acres with approximately 5 acres of developable land. Tenant occupied income-producing property, currently Residential Development Opportunity on 10.26 acres in the path of growth. Tenant occupied income-producing property, currently rented under-market generating $3,500 per month. Easy access to the I-215 freeway with great freeway visibility. Terrific views of the valley. Located across the street from a recently approved multi-family project and approved hotels and Orchards at Stone Creek, Super Target, Starbucks, Subway, and Tractor Supply Company including others with the new Costo just across the freeway. It currently has two rental units totaling 5 bedrooms, and 3 baths with a finished office in the detached garage.

Sold by Kris Mcgee of eXp Realty of California, Inc..

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Based on information from California Regional Multiple Listing Service, Inc. as of 2024-05-26T00:37:59.79. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Team Forss Realty Group. Licensed in the State of California, USA.
www.teamforss.com/homes/136336236
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27740 Linnel Lane Murrieta, CA 92562

  • Price: $1,799,000
  • Status: Closed
  • On Site: 490 Days
  • ID#: SW23011218
0
Beds
0
Baths
0
½ Baths
10.26
Acres
1988
Built
Neighborhood:
Srcar - Southwest Riverside County
County:
Riverside
Area:
Srcar - Southwest Riverside County
Property Description
Residential Development Opportunity. 10.26 Acres with approximately 5 acres of developable land. Tenant occupied income-producing property, currently Residential Development Opportunity on 10.26 acres in the path of growth. Tenant occupied income-producing property, currently rented under-market generating $3,500 per month. Easy access to the I-215 freeway with great freeway visibility. Terrific views of the valley. Located across the street from a recently approved multi-family project and approved hotels and Orchards at Stone Creek, Super Target, Starbucks, Subway, and Tractor Supply Company including others with the new Costo just across the freeway. It currently has two rental units totaling 5 bedrooms, and 3 baths with a finished office in the detached garage.
Exterior Features

Lot Features 6-10 Units/AcreIrregular Lot Number Of Separate Electric Meters 0 Parking Total 6 Pool Features None Pool Private YN No Property Attached YN No View Hills View YN Yes

Interior Features

Common Walls No Common Walls

Property Features

Additional Parcels YN No Association Fee 0 Association YN No Buyer Financing Cash Common Interest None Community Features Valley Electric Expense 0 Fuel Expense 0 Garage YN Yes Gross Income 36000 Gross Scheduled Income 36000 Insurance Expense 0 Land Lease YN No Laundry Features Inside Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms Submit Net Operating Income 32480 New Construction YN No Number Of Separate Gas Meters 0 Number Of Separate Water Meters 0 Number Of Units Leased 2 Operating Expense 3520 Property Sub Type Single Family Residence Rent Control YN No Senior Community YN No Sewer Septic Type Unknown Special Listing Conditions Standard Tenant Pays All Utilities Total Actual Rent 3000 Trash Expense 0 Water Sewer Expense 0 Water Source Public Zoning Sf-1



Based on information from California Regional Multiple Listing Service, Inc. as of 2024-05-26T00:37:59.79. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Team Forss Realty Group. Licensed in the State of California, USA.
 
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Team Forss Realty Group
31213 Temecula Parkway
Temecula CA, 92592
Listing Agent(s): Kris Mcgee of eXp Realty of California, Inc. (888-832-7179) and Jason Graham of eXp Realty of California, Inc.(888-832-7179)