$1,496,000
$1,496,000
For more information regarding the value of a property, please contact us for a free consultation.
18.05 Acres Lot
SOLD DATE : 02/23/2024
Key Details
Sold Price $1,496,000
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Sold
Purchase Type For Sale
MLS Listing ID OC24024864
Sold Date 02/23/24
Construction Status Turnkey
HOA Y/N No
Year Built 2014
Lot Size 18.050 Acres
Property Description
Welcome to an extraordinary 18.05-acre property, where prime investment meets residential luxury! The first 8.31-acre parcel features three meticulously crafted units, providing an ideal fusion of comfort and investment potential. On the adjacent 9.74-acre parcel, seize the opportunity for additional investments, accompanied by architect plans to optimize its full potential. With lucrative zoning for triplex use, this rare gem promises a harmonious blend of residential living and unparalleled investment possibilities.
Income-Generating Property:
Currently, this property is already generating income with month-to-month lease contracts in place. Whether you choose to continue this as a lucrative investment opportunity or call it home for your own living, the flexibility of existing lease agreements provides you with a seamless transition into ownership.
The solar system, fully paid off, not only promotes an eco-friendly lifestyle but also ensures substantial energy savings. Additionally, your property comes equipped with a Well, guaranteeing a self-sufficient water supply that covers 100% of your needs. Immerse yourself in the perfect fusion of sustainability and comfort within this distinctive home.
Property Highlights:
- Total Land Area: 18.05 acres (Parcels Zoned Triplex Use)
- Unit A: A spacious 3-bedroom, 2-bathroom house spanning 2,030 sqft
- Unit B: A cozy 400 sqft unit with 1 bedroom and 1 bathroom
- Unit C: A second unit featuring 2 bedrooms, 2 bathrooms, and 1,100 sqft
- Garage Space: Three large car garages providing ample storage or additional rental opportunities.
- Well: A reliable and robust well, ensuring a sustainable water source for the property.
- Solar System: Enjoy the benefits of a fully paid-off solar system, contributing to energy efficiency and reduced operational costs.
Financial Overview:
- Month-to-month contracts on all three properties.
Investment Potential:
This property presents an excellent opportunity for investors capitalizing on the growing demand for rental properties. The diverse unit sizes cater to various tenant needs, providing a steady and attractive monthly income. The well and solar system enhance the property's sustainability and cost-effectiveness.
Location and Zoning:
Strategically situated on 18.05 acres, the property is zoned for triplex use, maximizing its potential and offering versatile development options. The location provides a harmonious blend of tranquility and accessibility.
Location
State CA
County Riverside
Area 268 - Redlands
Interior
Interior Features Open Floorplan, Pantry, Partially Furnished, All Bedrooms Down, Attic, Bedroom on Main Level, Dressing Area, Walk-In Pantry, Walk-In Closet(s)
Heating Forced Air, Floor Furnace, High Efficiency, Propane, Space Heater
Cooling Central Air, Wall/Window Unit(s)
Flooring Laminate, Tile
Fireplaces Type Blower Fan, Decorative, Dining Room, Electric, Family Room, Gas, Gas Starter, Guest Accommodations, Kitchen, Living Room, Primary Bedroom, Multi-Sided, Outside, See Through, Wood Burning, Recreation Room
Fireplace Yes
Appliance Built-In Range, Barbecue, Microwave
Laundry In Garage, In Kitchen, Propane Dryer Hookup
Exterior
Garage Asphalt, Covered, Door-Multi, Direct Access, Driveway, Electric Gate, Garage, Garage Door Opener, Gravel, Gated, On Site, Paved, Private, RV Access/Parking, One Space, Unpaved
Garage Spaces 3.0
Carport Spaces 3
Garage Description 3.0
Pool None
Community Features Hiking, Sidewalks
Utilities Available Cable Available, Electricity Available, Electricity Connected, Propane
Amenities Available Pets Allowed
View Y/N Yes
View City Lights, Canyon, Desert, Hills, Landmark, Mountain(s), Neighborhood, Peek-A-Boo, Rocks, Trees/Woods, Water
Roof Type Shingle
Parking Type Asphalt, Covered, Door-Multi, Direct Access, Driveway, Electric Gate, Garage, Garage Door Opener, Gravel, Gated, On Site, Paved, Private, RV Access/Parking, One Space, Unpaved
Total Parking Spaces 9
Private Pool No
Building
Lot Description 16-20 Units/Acre
Story 1
Entry Level One
Sewer Septic Type Unknown
Water Private, Shared Well, Well
Level or Stories One
New Construction No
Construction Status Turnkey
Others
Senior Community No
Tax ID 413400018
Security Features Security System,Carbon Monoxide Detector(s),Security Gate,Smoke Detector(s)
Acceptable Financing Cash, Cash to Existing Loan, Cash to New Loan, Conventional
Listing Terms Cash, Cash to Existing Loan, Cash to New Loan, Conventional
Financing Cash
Special Listing Condition Standard
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Bought with Darcie Sestito • Homequest Real Estate