35450 Calle Nopal, Temecula, CA 92592

$999,999 Approx. USD 0 beds, 0 baths
5,400 sqft

Agent Remarks

BACK ON THE MARKET! Active, income-producing vacation rental opportunity with verified GSI of nearly $150,000 for 2015 and a 7.5% CAP RATE AT LIST PRICE. 3 structures, 4 total residences on property (w/ room for additional, and possessing wet and dry utilities already on site, saving you thousands!) 5,400 sq.ft. total interior space, resort-like grounds with rock pool/waterfalls/grotto/slide, fish ponds, pool tables, game rooms, etc. 2010-2015 financials available w/ feasible offer. Please note, discounts extended to current long term tenants have impacted true Cap Rate. Highest&Best use of property not currently achieved. Ideal for wedding facility, B&B, continued vacation rental, or "buy-n-hold" investor. Property is 1 hr. from San Diego, 75 min from OC and 90 min from LA and is easily accessible to 19 million SoCal residents within a 2 hr drive. This rare find sits less than 1 mile from South Coast Winery (3-time winner of the coveted California Winery of the Year award). In high season, each of the 3 homes on site here at Calle Nopal remain fully booked and command the following rates: RESIDENCE 1: $550/night, $2,975/week and $7,500/month. RESIDENCE 2: $395/night, $2,100/week and $4,100/month. RESIDENCE 3: $275/night, $1,900/week and $2,500/month

Listing Details

Property type: (Multi-Family)
Status: Active
MLS# SW16057243
List price is $999,999 Reduced by $275,001 on 6/27/2016
Beds: 0
Baths: 0
Living Room fireplaces
Built in 2003
5,400 sqft
1 stories
5.34 acres
Lot size: 232610.000
County: Riverside
Interior features: Bathtub,Ceiling Fan,Furnished,High Ceilings (9 Feet ),Kitchen Island,Kitchenette,Kitchen Open to Family Room,Open Floor Plan,Recessed Lighting,Remodeled Kitchen,Shower
Parking description: Driveway,Direct Garage Access,Garage,RV Potential,RV Access/Parking
Heating description: Central Furnace
MLS area: 216 - Temecula-Wine Country

Last Updated: 10/2/2016

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This listing belongs to the 216 - Temecula-Wine Country MLS area

Broker: Courtesy of AARE - Andrew Arroyo RE
Listing Agent: Vanessa Dalrymple

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