27740 Linnel Lane, Murrieta, CA 92562

$1,990,000
List Price
$1,990,000
Status
ACTIVE
MLS#
SW22135875
Year Built
1988
Lot Size
446,925
Acres
10.26
Lot Location
Item610UnitsAcre, Irregular Lot
Days on Market
58
Property Type
Multifamily

Property Description

Residential Development Opportunity. 10.26 Acres with approximately 5 acres of developable land. Tenant occupied income-producing property, currently Residential Development Opportunity on 10.26 acres in the path of growth. Tenant occupied income-producing property, currently rented under-market generating $3,000 per month. Easy access to the I-215 freeway with great freeway visibility. Terrific views of the valley. Located across the street from a recently approved multi-family project and approved hotels and Orchards at Stone Creek, Super Target, Starbucks, Subway, Tractor Supply Company including others with the new Costo just across the freeway. It currently has two rental units totaling 5 bedrooms, and 3 baths with a finished office in the detached garage.

Additional Information

Pool Description
None
View
Hills
Garage Spaces Total
6
Sewer
SepticTypeUnknown
Water
Public
Attached Structure
Detached
Number Of Units Total
2
Gross Scheduled Income
$36,000
Operating Expense
3520

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
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Calculator source: Real Geeks

Listing courtesy of Listing Agent: Kris McGee from Listing Office: eXp Realty of California, Inc.

Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.