Listing ID: OC22147729
Price: $2,200,000
Price/SqFt: $619.72
Status: Active
Address: 37200 Glenoaks Road
City: Temecula
State: California
Postal Code: 92592
Bedrooms: 6
Total Baths: 5
Full Baths: 4
Partial Baths: 1
SqFt: 3,550
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 would also make a great 2nd Home (Vacation Home) that could drive great income, when not being used by the owner.

Primary Features

County: Riverside
Half Baths: 1
Price/SqFt: 619.72
Property Sub Type: Single Family Residence
Property Type: Residential
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
Bathrooms Full And Three Quarter: 4
Common Walls: No Common Walls
Cooling: yes
Cooling Type: Central Air, Wall/Window Unit(s), Whole House Fan
Eating Area: Area, Breakfast Counter / Bar, Dining Room, In Kitchen
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, Open Floorplan, Pantry, Pull Down Stairs to Attic, Recessed Lighting, Storage
Laundry: yes
Laundry Features: Dryer Included, Individual Room, Inside, Stackable, Washer Hookup, Washer Included
Levels: One
Living Area Source: Estimated
Living Area Units: Square Feet
Main Level Bathrooms: 5
Main Level Bedrooms: 6
Room Bathroom Features: Bathtub, Shower, Shower in Tub, Double sinks in bath(s), Double Sinks In Master Bath, Granite Counters, Separate tub and shower, Walk-in shower
Room Kitchen Features: Granite Counters, Kitchen Island, Kitchen Open to Family Room
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
Attached Garage: yes
Carport Spaces: 4
Door Features: Insulated Doors
Electric: 220 Volts in Garage, Photovoltaics Third-Party Owned
Exterior Features: Barbecue Private, Rain Gutters, Satellite Dish
Fence: yes
Fencing: New Condition, 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
Other Structures: Second Garage Detached, 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, RV Access/Parking, RV Covered, RV Garage
Parking Total: 26
Patio: yes
Patio And Porch Features: Covered, Patio, Slab
Pool Features: Private, Heated, Heated with Propane, In Ground, Waterfall
Private Pool: yes
Property Attached: no
Road Surface Type: Paved
Roof: Spanish Tile
Sewer: Conventional Septic
Sprinklers: yes
Uncovered Spaces: 8
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
High School District: Temecula Unified
MLS Area Major: SRCAR - Southwest Riverside County

Additional

Additional Parcels: no
Assessment Type: Unknown
Assessments: yes
Association: no
Community Features: Biking, Fishing, Foothills, Golf, Hiking, Lake, Horse Trails, Park, Mountainous, Stable(s), Rural
Days On Market: 32
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)
List Agent State License: 01940642
List Office State License: 02025297
Lot Size Units: Square Feet
New Construction: no
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
Structure Type: House
Utilities: Electricity Connected, Natural Gas Not Available, Propane, Sewer Not Available, Water Connected
Year Built Source: Public Records

Financial

Land Lease: no
Lease Considered: no
Special Listing Conditions: Standard
Tax Census Tract: 432.92
Tax Lot: 7
Tax Tract Number: 102...

Zoning Info


Area Info


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Based on information from CARETS as of Sunday, August 7th, 2022 02:32:43 PM. The information being provided by CARETS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CARETS, CLAW, CRISNet MLS, i-Tech MLS, PSRMLS and/or VCRDS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.

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Listing Agent: Keith Powers, DRE #01940642 from Alta Realty Group CA, Inc 949-945-8680
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Listing Agent: Keith Powers, DRE #01940642 from Alta Realty Group CA, Inc 949-945-8680
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Listing Agent: Keith Powers, DRE #01940642 from Alta Realty Group CA, Inc 949-945-8680

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