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Preet Sandhu

preet@riserealtyca.com +1(559) 907-9993

$ 4,700,000

Est. payment | -/mo

1.75 Acres Lot

Save

$ 4,700,000

Est. payment | -/mo

Save

1.75 Acres Lot

Key Details

Property Type Other Types

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

MLS Listing ID IV26225634

HOA Y/N No

Year Built 1987

Lot Size 1.753 Acres

Property Sub-Type Apartment

Property Description

Santa Rosa Mountain Villas is a unique and highly leasable 18-unit multifamily community built in 1987, comprising approximately 17,640 square feet of rentable space. The property consists of three identical two-story apartment buildings, each with a separate legal address (33071/33081/33091), situated on an approximately 56,628-square-foot lot. Also included in the offering is an additional contiguous, undeveloped 19,750-square-foot parcel featuring approximately 62 feet of frontage on Grand Avenue, property signage, and a sewer connection. Together, the parcels comprise approximately 1.75 acres, providing potential opportunities for the development of additional units on the improved parcel and/or the adjoining outparcel, subject to applicable zoning, entitlements, and governmental approvals. Each building contains six two-story, townhome-style residences and a laundry room providing additional owner income. Each approximately 980-square-foot unit features two bedrooms, one-and-one-half bathrooms, a private enclosed rear patio, central HVAC, and an individual water heater. Nearly all residences feature vinyl plank flooring throughout the first floor and upstairs full bathroom. In recent years, several units have received additional interior upgrades, including quartz or granite countertops in kitchens and bathrooms, as well as stainless-steel gas ranges, microwaves, and dishwashers. With its combination of townhome-style floor plans, substantial parking, lake and mountain views, operational efficiencies, additional land, and possible future development potential, Santa Rosa Mountain Villas presents investors with a distinctive multifamily investment opportunity in Southern California.

Location

State CA

County Riverside

Area 699 - Not Defined

Rooms

Other Rooms Shed(s)

Interior

Heating Central, Natural Gas

Cooling Central Air

Flooring Carpet, Laminate

Fireplace No

Laundry Common Area

Exterior

Parking Features Assigned, Concrete, Unassigned

Fence Block, Chain Link, Wood, Wrought Iron

Pool None

Community Features Lake, Mountainous, Park, Sidewalks

Utilities Available Natural Gas Connected

Waterfront Description Across the Road from Lake/Ocean

View Y/N Yes

View Lake, Mountain(s)

Roof Type Composition,Shingle

Total Parking Spaces 63

Private Pool No

Building

Lot Description Back Yard, Sloped Down, Front Yard, Garden, Greenbelt, Lawn, Landscaped

Story 2

Entry Level Two

Sewer Public Sewer

Water Public

Level or Stories Two

Additional Building Shed(s)

New Construction No

Others

Senior Community No

Tax ID 381290018

Security Features Closed Circuit Camera(s)

Energy Description 1500.0

Acceptable Financing Cash, Cash to New Loan, 1031 Exchange

Listing Terms Cash, Cash to New Loan, 1031 Exchange

Special Listing Condition Standard

CRMLS Full IDX Feed (MAIN Website Search)

Listed by DAVID MATTA REALTY MASTERS & ASSOCIATES 909-815-7744, DRE #01403332

Nearby Locations

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(559) 907-9993

preet@riserealtyca.com

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33071 Santa Rosa Lake Elsinore, CA 92530