42081 3rd St, Temecula, CA, 92590

42081 3rd St, Temecula, CA, 92590 < >
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for sale
Lot Size:0.52 Acres
Year Built:2010
MLS #:IV20140450
Date Updated:
For information contact:
CENTURY 21 Masters
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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

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

Walk Score® for 42081 3rd St
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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.
Down Payment:
Loan Amount:$6,000,000
Loan Type:30 year fixed at %
Principal & Interest:
Property Taxes: (1.5%)
Homeowner's Insurance:
Total Payment:

Information obtained from CACRMLS is current as of 3/8/2021 1:12 AM. 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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