$1,496,000
$1,496,000
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30725 San Timoteo Canyon Rd Redlands, CA 92373
6 Beds
5 Baths
3,530 SqFt
Key Details
Sold Price $1,496,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 3,530 sqft
Price per Sqft $423
Sold Date 02/27/24
Bedrooms 6
Full Baths 5
Year Built 2014
Lot Size 18.050 Acres
Property Description
Welcome to an extraordinary 18.05-acre property, where prime investment meets residential luxury! The first 8.31-acre parcel features three meticulously crafted units, providing an ideal fusion of comfort and investment potential. On the adjacent 9.74-acre parcel, seize the opportunity for additional investments, accompanied by architect plans to optimize its full potential. With lucrative zoning for triplex use, this rare gem promises a harmonious blend of residential living and unparalleled investment possibilities.
Income-Generating Property:
Currently, this property is already generating income with month-to-month lease contracts in place. Whether you choose to continue this as a lucrative investment opportunity or call it home for your own living, the flexibility of existing lease agreements provides you with a seamless transition into ownership.
The solar system, fully paid off, not only promotes an eco-friendly lifestyle but also ensures substantial energy savings. Additionally, your property comes equipped with its own well, guaranteeing a self-sufficient water supply that covers 100% of your needs. Immerse yourself in the perfect fusion of sustainability and comfort within this distinctive home.
Property Highlights:
- Total Land Area: 18.05 acres (Parcels Zoned Triplex Use)
- Unit A: A spacious 3-bedroom, 2-bathroom house spanning 2,030 sqft
- Unit B: A cozy 400 sqft unit with 1 bedroom and 1 bathroom
- Unit C: A second unit featuring 2 bedrooms, 2 bathrooms, and 1,100 sqft
- Garage Space: Three large car garages providing ample storage or additional rental opportunities.
- Well: A reliable and robust well, ensuring a sustainable water source for the property.
- Solar System: Enjoy the benefits of a fully paid-off solar system, contributing to energy efficiency and reduced operational costs.
Financial Overview:
- Month-to-month contracts on all three properties.
Investment Potential:
This property presents an excellent opportunity for investors capitalizing on the growing demand for rental properties. The diverse unit sizes cater to various tenant needs, providing a steady and attractive monthly income. The well and solar system enhance the property's sustainability and cost-effectiveness.
Location and Zoning:
Strategically situated on 18.05 acres, the property is zoned for triplex use, maximizing its potential and offering versatile development options. The location provides a harmonious blend of tranquility and accessibility.
Don't miss out on this rare chance to own a multi-faceted property with robust income potential. Whether you're an investor or someone looking for a unique residential space, this property is poised to deliver both financial returns and a comfortable living environment. seize this opportunity today!
Location
State CA
County Riverside
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Bought with Sam Louis • Louis Estate Group
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