Listing ID: OC22139275
Price: $2,200,000
Price/SqFt: $619.72
Status: Active
Address: 37200 Glenoaks Road
City: Temecula
State: California
Postal Code: 92592
SqFt: 3,550
Acres: 2.690
County: Riverside
Temecula
CA
92592
Here is an opportunity to own a Temecula Wine Country property that can be used as a Long Term Rental and eventually be converted to a Short-Term Rental (when the current moratorium on new STR permits is removed in September, 2023.) 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 60 (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 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 just minutes from multiple wineries and restaurants. Taxes are low at just over 1%. All Furniture, Furnishings, Appliances, TV's and EVERYTHING else, is INCLUDED in the sale. This property is currently used a great Short-Term Rental and can be licensed again (as and STR) in September, 2023. The possibilities for this property are endless!

Primary Features

County: Riverside
Price/SqFt: 619.72
Property Sub Type: Single Family Residence
Property Type: Residential Income
Year Built: 1989
Zoning: R-A-2 1/2

Interior

Appliances: yes
Appliances: 6 Burner Stove, Dishwasher, Disposal, High Efficiency Water Heater, Ice Maker, Microwave, Propane Oven, Propane Cooktop, Propane Water Heater, Refrigerator, Self Cleaning Oven, Water Line to Refrigerator
Average 1 Bed Area Units: Square Feet
Average 2 Bed Area Units: Square Feet
Average 3 Bed Area Units: Square Feet
Average Studio Area Units: Square Feet
Building Area Units: Square Feet
Common Walls: No Common Walls
Cooling: yes
Cooling Type: Central Air, Wall/Window Unit(s), Whole House Fan
Fireplace: yes
Fireplace Features: Family Room, Outside, Propane, Wood Burning
Flooring: Carpet, Laminate
Garage Spaces: 14
Heating: yes
Heating Type: Central, Propane
Inclusions: All Furniture, Furnishings, Appliances, TVs and other Items used to Operate this Short-Term Rental.
Interior Features: Beamed Ceilings, Cathedral Ceiling(s), Ceiling Fan(s), Copper Plumbing Full, Furnished, Granite Counters, High Ceilings, Open Floorplan, Pantry, Pull Down Stairs to Attic, Recessed Lighting, Storage
Laundry: yes
Laundry Features: Dryer Included, Individual Room, Stackable, Washer Included
Levels: One
Number Wall AC: 2
Number With Dishwasher: 3
Number With Disposal: 3
Number With Patio: 3
Number With Range: 3
Number With Refrigerator: 3
Room Type: All Bedrooms Down, Attic, Family Room, Game Room, Kitchen, Laundry, Main Floor Bedroom, Main Floor Master Bedroom, Master Bathroom, Master Suite, Walk-In Closet
Spa: yes
Spa Features: Private, Heated, In Ground
Stories Total: 1

External

Architectural Style: Ranch
Carport Spaces: 4
Door Features: Insulated Doors
Electric: Photovoltaics Third-Party Owned
Exterior Features: Barbecue Private, Rain Gutters, Satellite Dish
Fence: yes
Fencing: Vinyl, Wood
Foundation Details: Slab
Lot Features: Back Yard, Cul-De-Sac, Front Yard, Greenbelt, Horse Property Unimproved, Landscaped, Sprinklers Drip System, Sprinklers In Front, Sprinklers In Rear, Sprinklers Timer
Lot Size Area: 117176
Lot Size Source: Assessor
Lot Size Square Feet: 117176
Number Of Buildings: 3
Other Structures: Second Garage, Shed(s), Storage, Workshop
Parking: yes
Parking Features: Boat, Built-In Storage, Attached Carport, Direct Garage Access, Driveway, Concrete, Garage, Garage - Single Door, Garage Door Opener, Private, RV Access/Parking, RV Covered, RV Garage
Parking Total: 18
Pool Features: Private, Heated with Propane, In Ground, Waterfall
Private Pool: yes
Property Attached: no
Road Surface Type: Paved
Roof: Spanish Tile
Sewer: Conventional Septic
View: yes
View Type: Hills, Panoramic, Pool, Vineyard
Water Source: Public
Window Features: Double Pane Windows, ENERGY STAR Qualified Windows, Insulated Windows, Screens

Location

Country: US
Elevation Units: Feet
MLS Area Major: SRCAR - Southwest Riverside County

Additional

Additional Parcels: no
Assessments: Unknown
Association: no
Community Features: Biking, Fishing, Foothills, Golf, Hiking, Lake, Horse Trails, Park, Mountainous, Stable(s), Rural
Days On Market: 116
Disclosures: Licensed Vacation Rental, Unincorporated
Exclusions: 1) Picture in entrance of Main House. 2) Antique Mirror 3) Iron Bed (which will be replaced with a different bed of same size)
Green Energy Generation: Solar
List Agent State License: 01940642
List Office State License: 02025297
Lot Size Units: Square Feet
New Construction: no
Number Of Separate Water Meters: 1
Number Of Units Total: 3
Parcel Number: 924290021
Property Condition: Turnkey
Security Features: Automatic Gate, Carbon Monoxide Detector(s), Card/Code Access, Smoke Detector(s)
Senior Community: no
Utilities: Electricity Connected, Natural Gas Not Available, Propane, Sewer Not Available, Water Connected
Year Built Source: Public Records

Financial

Cable Tv Expense: 1620
Cap Rate: 6.3
Electric Expense: 1200
Fuel Expense: 6000
Gardener Expense: 3840
Gross Operating Income: 276524
Gross Scheduled Income: 345655
Insurance Expense: 6500
Land Lease: no
Maintenance Expense: 3000
Net Operating Income: 139373
New Taxes Expense: 22880
Operating Expense: 137151
Operating Expense Percent: 50
Other Expense: 33183
Other Expense Description: TOT
Pest Control Expense: 780
Pool Expense: 3840
Price Per Unit: 733333
Professional Management Expense: 48668
Rent Control: no
Special Listing Conditions: Standard, Trust
Tax Census Tract: 432.92
Tax Lot: 7
Tax Tract Number: 102...
Total Actual Rent: 121580
Total Expenses: 137151
Trash Expense: 1320
Vacancy Allowance: 69131
Vacancy Allowance Rate: 20
Water Sewer Expense: 3600

Zoning Info


Area Info


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Listed by: Keith Powers, DRE #01940642 from Alta Realty Group CA, Inc 888-504-5327

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