$1,350,000
For Sale

33235 Bailey Park Drive

Menifee, CA 92584
1.84 acres | #OC24209704
Listing OfficeAlta Realty Group CA, Inc
Browse 8 photos
Type:Multi-Family
Structure:Duplex/Multi-Unit
Zone:Residential

Description

This property is uniquely situated with a grandfather-in residential rental unit or owner occupied 3/2 Manufactured Home on septic for either monthly income, office, or a personal residence. The just under two acres of flat, fenced, and very well located commercial property is located in one of the fastest growing cities in the USA, Menifee, CA. Positioned in the middle of Menifee’s booming commercial path of growth, with mulitple usage opportunities, now and on the horizon, the time to invest is now. While figuring out the next move the income from the grandfathered-in tenant occuppied $2200/mo income 3/2 manufactured home on the lot offers an income stream to help support the holding and development costs of the 1.84 acre C1/CP/SC zoned flat usable land for your project. The area is exploding with new commercial and residential developments and the City of Menifee is progressively expanding and continually allowing new exciting investment opportunities now and in your future. See attached list of approved uses for this zone in the supplements. In addition to rental unit, the property also has a septic system, outdoor restroom facility, perimeter lighting, palm trees, and completely chain link fenced and with two entry gates. The same owner is selling a matching vacant lot across the street on Bailey Park Blvd closer to 215 Frwy, MLS listing # OC24165183, and will consider a package deal discount if both you can use both parcels.

  • Property Details
      • Lot DescriptionZeroToOneUnitAcre
      • Stories1
    • Measurements
      • Acres1.84
  • Construction Details
      • Property TypeMulti-Family
    • Condition
      • Year Built2010
  • Utilities / Energy Details
      • Utility FeaturesCableConnected, ElectricityConnected, NaturalGasConnected, SewerConnected, WaterConnected
      • Sewer InformationSepticTank
      • Utility SourcePublic
  • Community and Neighborhood Details
      • CountyRiverside
  • Financial Details
      • Original List Price$1,350,000
      • Taxes Annual$2,640
  • Other
      • MLS #OC24209704

Location

Nicole StoberReal Estate Group
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years

Down Payment

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10.0%

Interest Rate

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6.0%

Tax Rate

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2.6%
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annually
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monthly

Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.

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