$2,200,000
For Sale

37200 Glenoaks Road

Temecula, CA 92592
3550 sqft | 6 beds | 4.5 baths | #OC22147729
Courtesy of Alta Realty Group CA, Inc
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Description

This is a once in a lifetime opportunity, to own a licensed Short-Term Rental in the heart of Temecula Wine Country. It's been almost 2-years since another expansive STR, like this, has come on the market in Temecula Wine Country. This estate property, with vineyard & mountain views, located on 2.7 acres, has THREE homes, pool/spa, a huge 1,400 sq ft RV garage, and 66 (paid for) solar panels! Each house has a full-kitchen, laundry area, private outdoor dining area and private parking. The main house has 3 bedrooms & 2.5 baths. The 2nd House has 2 bedrooms and 1.5 baths and the 3rd House has 1 bedroom & 1 bath.The heated (pebble tec) pool and spa (surrounded by palm trees) are centrally located, giving all three homes easy access to this tropical oasis. The RV Garage is located near the gated entrance for easy ingress/egress for up to 40 ft RV's. This massive garage has 220 outlets (which can be used for EV charging). The cul-de-sac lot is fully fenced. This property is located literally just minutes from multiple wineries and restaurants. Taxes are low at just over 1%. All Furniture, Furnishings, Appliances, TV's and EVERYTHING else, used to operate this Short-Term Rental, is INCLUDED in the sale. This is currently a great STR with lots of upside potential. The possibilities for this property are endless! ($153,285 Net Income - 7% Cap Rate - Self-Managed) ($115,565 Net Income - 5.3% Cap Rate - Professionally Managed) This would also make a great 2nd Home (Vacation Home) that could drive great income, when not being used by the owner.
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  • Interior Details
    • Beds & Baths
      • Bedrooms:6
      • Bathrooms:4.5
      • Full Baths:4
      • Half Baths:1
    • Interior Features
      • Interior:BeamedCeilings, CeilingFans, CathedralCeilings, Furnished, GraniteCounters, OpenFloorplan, Pantry, PullDownAtticStairs, RecessedLighting
  • Property Details
    • Property
      • View:Hills, Panoramic, Pool, Vineyard
      • Stories:1
      • Lot description:BackYard, CulDeSac, DripIrrigationBubblers, FrontYard, Greenbelt, HorseProperty, SprinklersInRear, SprinklersInFront, Landscaped, Sprinkl
      • Exterior materials:Barbecue, RainGutters
    • Measurements
      • Acres:2.69
      • Square Feet:3550
    • Parking
      • Garage spaces:14
  • Construction Details
    • Type & Style
      • Property type:Purchase
    • Condition
      • Year built:1989
    • Material information
      • Foundation:Slab
  • Utilities / Energy Details
    • Utility
      • Sewer information:SepticTank
      • Utility source:Public
      • Utility features:ElectricityConnected, NaturalGasNotAvailable, Propane, SewerNotAvailable, WaterConnected
  • Community and Neighborhood Details
    • Location
      • School district:Temecula Unified
      • County:Riverside
  • Financial Details
    • Pricing Details
      • Original List Price:$2, 200, 000
      • Selling Office Commission:2.000
  • Other
    • Source
      • MLS #:OC22147729

Location

Gina MogaReal Estate Group
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