Listing ID: OC22139275
Price: $2,200,000
Status: ACTIVE
Address: 37200 Glenoaks Road
City: Temecula
State: California
Postal Code: 92592
SqFt: 117,176
Acres: 2.690
County: Riverside
Temecula
CA
92592
This is a once in a lifetime opportunity, to own a licensed Short-Term Rental in the heart of Temecula Wine Country. It's been almost 2-years since another expansive STR, like this, has come on the market in Temecula Wine Country. This estate property, with vineyard & mountain views, located on 2.7 acres, has THREE homes, pool/spa, a huge 1,400 sq ft RV garage, and 66 (paid for) solar panels! Each house has a full-kitchen, laundry area, private outdoor dining area and private parking. The main house has 3 bedrooms & 2.5 baths. The 2nd House has 2 bedrooms and 1.5 baths and the 3rd House has 1 bedroom & 1 bath. The heated (pebble tec) pool and spa (surrounded by palm trees) are centrally located, giving all three homes easy access to this tropical oasis. The RV Garage is located near the gated entrance for easy ingress/egress for up to 40 ft RV's. This massive garage has 220 outlets (which can be used for EV charging). The cul-de-sac lot is fully fenced. This property is located literally just minutes from multiple wineries and restaurants. Taxes are low at just over 1%. All Furniture, Furnishings, Appliances, TV's and EVERYTHING else, used to operate this Short-Term Rental, is INCLUDED in the sale. This is currently a great STR with lots of upside potential. The possibilities for this property are endless! ($153,285 Net Income - 7% Cap Rate - Self-Managed) ($115,565 Net Income - 5.3% Cap Rate - Professionally Managed)This is a once in a lifetime opportunity, to own a licensed Short-Term Rental in the heart of Temecula Wine Country. It's been almost 2-years since another expansive STR, like this, has come on the market in Temecula Wine Country. This estate property, with vineyard & mountain views, located on 2.7 acres, has THREE homes, pool/spa, a huge 1,400 sq ft RV garage, and 66 (paid for) solar panels! Each house has a full-kitchen, laundry area, private outdoor dining area and private parking. The main house has 3 bedrooms & 2.5 baths. The 2nd House has 2 bedrooms and 1.5 baths and the 3rd House has 1 bedroom & 1 bath. The heated (pebble tec) pool and spa (surrounded by palm trees) are centrally located, giving all three homes easy access to this tropical oasis. The RV Garage is located near the gated entrance for easy ingress/egress for up to 40 ft RV's. This massive garage has 220 outlets (which can be used for EV charging). The cul-de-sac lot is fully fenced. This property is located literally just minutes from multiple wineries and restaurants. Taxes are low at just over 1%. All Furniture, Furnishings, Appliances, TV's and EVERYTHING else, used to operate this Short-Term Rental, is INCLUDED in the sale. This is currently a great STR with lots of upside potential. The possibilities for this property are endless! ($153,285 Net Income - 7% Cap Rate - Self-Managed) ($115,565 Net Income - 5.3% Cap Rate - Professionally Managed)

Primary Features

County: Riverside
Property Type: 2-4 Units
Zoning: Public Rec

Interior

Cooling: Attic Fan, Central Forced Air, Wall/Window
Heat Source: Propane
Levels: 1 Story
Total Stories: 1
Unit 1 Number of Bedrooms: 3
Unit 1 Number Total Baths: 3
Unit 2 Number of Bedrooms: 2
Unit 2 Number Total Baths: 1
Unit 3 Number Bedrooms: 1
Unit 3 Number Total Baths: 1
Unit Number for Unit 1: 1
Unit Number for Unit 2: 2
Unit Number for Unit 3: 3

External

Complex Features: Horse Trails
Entry Only: no
Irrigation: Automatic, Drip
Number of Buildings: 3
Number of Units: 3
Number of Units w/Patios: 3
Number of Units w/Range/Oven: 3
Number of Units w/Refrigerator: 3
Number of Units w/Washers: 3
Number Units w/Cooling: 2
Parking for RV: Covered, Garage, On-Site Parking
Pool: Below Ground, Private
Sewer/Septic: Septic Installed
Site: Cul-De-Sac
Spa: Private Below Ground, Yes
Water Heater Type: Propane

Location

Zip/Area: RIV CTY-TEMECULA (92592)

Additional

Property Type: 2-4 UNITS
Supplement: This is a once in a lifetime opportunity, to own a licensed Short-Term Rental in the heart of Temecula Wine Country. It's been almost 2-years since another expansive STR, like this, has come on the market in Temecula Wine Country. This estate property, with vineyard & mountain views, located on 2.7 acres, has THREE homes, pool/spa, a huge 1,400 sq ft RV garage, and 66 (paid for) solar panels! Each house has a full-kitchen, laundry area, private outdoor dining area and private parking. The main house has 3 bedrooms & 2.5 baths. The 2nd House has 2 bedrooms and 1.5 baths and the 3rd House has 1 bedroom & 1 bath. The heated (pebble tec) pool and spa (surrounded by palm trees) are centrally located, giving all three homes easy access to this tropical oasis. The RV Garage is located near the gated entrance for easy ingress/egress for up to 40 ft RV's. This massive garage has 220 outlets (which can be used for EV charging). The cul-de-sac lot is fully fenced. This property is located literally just minutes from multiple wineries and restaurants. Taxes are low at just over 1%. All Furniture, Furnishings, Appliances, TV's and EVERYTHING else, used to operate this Short-Term Rental, is INCLUDED in the sale. This is currently a great STR with lots of upside potential. The possibilities for this property are endless! ($153,285 Net Income - 7% Cap Rate - Self-Managed) ($115,565 Net Income - 5.3% Cap Rate - Professionally Managed)
Telecommunications: Satellite Dish

Financial

Annual Expense Actual: 127160
Cap Rate Actual: 5.3
CFD/Mello-Roos Fee Reflct: Year
Gross Scheduled Income Actual: 346750
Possession: Close of Escrow
Sale/Rent: For Sale
Terms: Cash

Zoning Info


Area Info


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Listing courtesy of Alta Realty Group CA, Inc

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