42081 3rd St, Temecula, CA, 92590

42081 3rd St, Temecula, CA, 92590 < >
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for sale
$7,500,000
Lot Size:0.52 Acres
Year Built:2010
Status:Active
MLS #:IV20140450
Date Updated:
For information contact:
CENTURY 21 Masters
909-595-6697
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Go See This Property
Incredible investment opportunity for a mixed use building in the heart of Old Town Temecula! With a total of 32 residential and 2 commercial units, this property offers an investor the chance to own a well-maintained property, fully leased to 100% occupancy. Residential units offer value-add opportunities, with up-side rent potential. Building offers a gated 32 unit parking garage along with 2 commercial spaces on the ground floor. All residential units are contained on floors 2 and 3 inside a private interior courtyard. Single bedroom units come complete with fridge, oven, and microwave while each two bedroom contains stainless steel kitchen appliances and in unit washer/dryer units. Building includes 2 community laundry facilities, a private office for the on-site manager, security system/cameras, and a secure entry system for all residents. All residential units are on fixed term leases and both commercial tenants are on multi-year long leases. The residential units are subject to low-income restrictions and are subject to oversight by the Temecula city hall in return for a Welfare Exemption credit which significantly reduces the building's property tax liability. Ownership
Interior Details
Fireplace Features: NoneLevels: Three Or More
Stories Total: 3

Exterior Details
Garage Spaces: 32.00Lot Features: 31-35 Units/Acre
Lot Size Acres: 0.5200Number Of Buildings: 1
Number Of Units Total: 34Parking Features: Private
Parking Total: 32.00Pool Features: None

Community Information
County Or Parish: RiversideDirections: Off of Main St and 3rd St
MLS Area Major: SRCAR - Southwest Riverside CountyParcel Number: 922046012
Zoning: C1

Property Information From MLS Data
Year Built: 2010

Financial Information
Association Fee: 0.00

Utilities
Cooling: Central AirHeating: Central
Utilities: Cable Connected, Electricity Connected, Natural Gas Water Source: Public

Listing Information Courtesy of:
List Agent First Name: GAVIN
List Agen tLast Name: CARLSON
List Office Name: CALIFORNIA REALTY GROUP INC.

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Monthly Payment for 42081 3rd St
This is an estimated monthly mortgage payment. Your actual financing will vary depending on your lender, local taxes, credit score and other factors.
Price:$7,500,000
Down Payment:
Loan Amount:$6,000,000
Loan Type:30 year fixed at %
Principal & Interest:
Property Taxes: (1.5%)
Homeowner's Insurance:
Total Payment:
Listing courtesy of GAVIN CARLSON, CALIFORNIA REALTY GROUP INC.

Information obtained from CACRMLS is current as of 12/4/2020 3:27 PM. Information provided by seller/other sources, not verified by broker. All interested persons should independently verify accuracy of all information. Information deemed reliable but not guaranteed. Information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
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