$6,995,000
$1M PRICE DROP

Estimated payment $46,037/month

Total Views 25,123
12 Beds
10 Baths
9,544 Sq Ft
$733 Price per Sq Ft

Highlights

  • Two Primary Bedrooms
  • 0.22 Acre Lot
  • Craftsman Architecture
  • Clarendon Alternative Elementary School Rated A
  • Open Floorplan
  • 1-minute walk to Twin Peaks

About This Home

KILLER VIEWS.
OVERLOOKS SAN FRANCISCO BAY ON EAST SIDE AND NATURE RESERVE ON WEST SIDE.
12 PRIZED UNITS. 8 ONE BEDROOMS. 4 TWO BEDROOMS.
9 BEAUTIFULLY REMODELED.
SEISMIC RETROFIT COMPLETED.
VERY CLEAN, UPDATED, WELL MAINTAINED.
SEE OFFERING MEMORANDUM ATTACHMENT.
3.6 going in Cap, 4.3 Stabilized
282,492K NOI stabilized with new taxes and ownership, subject to negotiation.

Listing Agent

Robyn Wonnell

KW Temecula Brokerage Phone: 951 501-6567 License #01353690

KW Temecula

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1965 | Remodeled

Lot Details

  • 9,413 Sq Ft Lot
  • 1 Common Wall
  • Steep Slope

Parking

  • 6 Car Garage
  • 6 Open Parking Spaces
  • 6 Attached Carport Spaces
  • Public Parking
  • Front Facing Garage
  • Three Garage Doors
  • Driveway Level
  • On-Street Parking
  • Off-Street Parking
  • Assigned Parking
  • Controlled Entrance
  • Community Parking Structure

Home Design

  • Craftsman Architecture
  • Contemporary Architecture
  • Property Attached
  • Wood Siding
  • Vinyl Siding
  • Copper Plumbing
  • Stucco

Interior Spaces

  • 9,544 Sq Ft Home
  • 3-Story Property
  • Open Floorplan
  • Crown Molding
  • Storage

Kitchen

  • Electric Oven
  • Electric Range
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Carpet
  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 12 Bedrooms
  • Double Master Bedroom
  • 10 Bathrooms

Laundry

  • Laundry Room
  • Leased Washer and Dryer
  • 220 Volts In Laundry

Outdoor Features

  • Balcony

Location

  • Property is near a park
  • Property is near public transit
  • Urban Location

Utilities

  • Central Heating
  • Electric Water Heater
  • Phone System
  • Cable TV Available

Listing and Financial Details

  • Legal Lot and Block 4 / 2845
  • Assessor Parcel Number 2845004

Community Details

Overview

  • No Home Owners Association
  • 12 Units
  • Maintained Community
  • Foothills

Recreation

  • Hiking Trails

Building Details

  • 12 Leased Units
  • Rent Control
  • 13 Separate Electric Meters
  • 13 Separate Gas Meters
  • 1 Separate Water Meter
  • Operating Expense $127,440
  • Gross Income $424,800
  • Net Operating Income $282,492

Additional Features

  • Laundry Facilities
  • Controlled Access

Property Details

Home Type

Multi-Family

Year Built

Built in 1965 | Remodeled

Lot Details

0

Parking

6

Listing Details

  • Assessments: Yes
  • CapRate: 3.60
  • Inclusions: Owner will lease back one of the apartments on a long term lease as part of sales agreement at a reduced rent.
  • Other Phone Description: Leasing Agent
  • Other Phone Number: 14154015611
  • Price Per Unit: 582917
  • Property Attached: Yes
  • Subdivision Name Other: TWIN PEAKS @ Villa Francisca
  • Zoning: RM1
  • Architectural Style: Contemporary, Craftsman
  • Property Condition: Updated/Remodeled
  • Property Type: Residential Income
  • Parcel Number: 2845004
  • Year Built: 1965
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Balcony, Copper Plumbing Full, Crown Molding, Open Floorplan, Phone System, Storage
  • Stories: 3
  • Entry Location: Crestline Drive Lobby
  • Common Walls: 1 Common Wall
  • Flooring: Carpet, Laminate, Tile, Wood
  • Appliances: Yes
  • Levels: Three Or More
  • Price Per Square Foot: 732.92
  • Room Type: Two Primaries

Exterior Features

  • Pool Private: No
  • Construction Materials: Stucco, Vinyl Siding, Wood Siding

Garage/Parking

  • Carport Spaces: 6.00
  • Garage Spaces: 6.00
  • Parking Features: Assigned, Attached Carport, Controlled Entrance, Covered, Concrete, Paved, Driveway Level, Garage, Garage Faces Front, Garage - Three Door, Off Street, On Site, Private, Public, Street, Structure
  • Total Parking Spaces: 18.00
  • Uncovered Spaces: 6.00

Utilities

  • Utilities: Cable Available, Electricity Available
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Electric Oven, Electric Range, Electric Water Heater, Disposal, Refrigerator
  • Electric: 220 Volts in Laundry, Standard
  • Heating Type: Central
  • Laundry Features: Common Area, Community, Individual Room, Inside
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Amenities: Maintenance Grounds, Trash, Controlled Access
  • Senior Community: No
  • Community Features: Foothills, Hiking, Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lot 6500-9999, Near Public Transit, Park Nearby, Rolling Slope, Steep Slope, Walkstreet
  • Lot Size Sq Ft: 9413.00
  • Lot Size Acres: 0.2161
  • Latitude Manual: 37.75190700

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Average1 Bed Area: 750 Square Feet
  • Average2 Bed Area: 900 Square Feet
  • Gross Income: 424800.00
  • Laundry Equipment Own Lease: Lease
  • Laundry Income: 958.00
  • Lot Size Area: 9413.0000 Square Feet
  • Net Operating Income: 282492.00
  • Number Of Separate Electric Meters: 13
  • Number Of Separate Gas Meters: 13
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 12
  • Number Of Units Total: 12
  • Number With Dishwasher: 4
  • Number With Disposal: 2
  • Number With Patio: 12
  • Number With Range: 12
  • Number With Refrigerator: 12
  • Other Income Description: Now only laundry,Proforma more
  • Rent Control: Yes
  • Total Actual Rent: 364308.00
  • Total Expenses: 127440.00

Tax Info

  • Tax Block: 2845
  • Tax Census Tract: 204.02
  • Taxes Percent: 1.17
  • Tax Lot: 4
  • Tax Rate: 1.17
  • Tax Year: 2019

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/22/2023 10/22/23 For Sale $6,995,000 0.0% $733 / Sq Ft
10/21/2023 10/21/23 Off Market $6,995,000 -- --
02/14/2023 02/14/23 For Sale $6,995,000 0.0% $733 / Sq Ft
02/13/2023 02/13/23 Off Market $6,995,000 -- --
09/28/2022 09/28/22 Price Changed $6,995,000 0.0% $733 / Sq Ft
09/28/2022 09/28/22 For Sale $6,995,000 0.0% $733 / Sq Ft
10/29/2021 10/29/21 Off Market $6,995,000 -- --
09/23/2020 09/23/20 Price Changed $6,995,000 -0.1% $733 / Sq Ft
09/01/2020 09/01/20 For Sale $6,999,900 0.0% $733 / Sq Ft
08/24/2020 08/24/20 Off Market $6,999,900 -- --
08/18/2020 08/18/20 For Sale $6,999,900 0.0% $733 / Sq Ft
07/17/2020 07/17/20 Off Market $6,999,900 -- --
06/29/2020 06/29/20 Price Changed $6,999,900 -2.8% $733 / Sq Ft
03/24/2020 03/24/20 Price Changed $7,200,000 0.0% $754 / Sq Ft
01/27/2020 01/27/20 Rented $3,890 -2.6% --
12/11/2019 12/11/19 Price Changed $3,995 0.0% $4 / Sq Ft
12/11/2019 12/11/19 For Sale $8,100,000 0.0% $849 / Sq Ft
11/11/2019 11/11/19 For Rent $4,995 -- --
Source: California Regional Multiple Listing Service (CRMLS)

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Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SW19279533

California Regional Multiple Listing Service (CRMLS)

APN: 2845-004