39455 Avenida La Cresta - Apartments FOR SALE


Murrieta, CA 92562
$3,420,000 USD
646-329-4000
39455 Avenida La Cresta, Murrieta, CA for Sale
$3,420,000 USD
Apartments - FOR SALE
1/35
null | 10% Cap Rate

39455 Avenida La Cresta
Murrieta, CA 92562


OVERVIEW

Welcome to your haven of tranquility, just a drive from the vibrant energy of Los Angeles and the coastal charm of San Diego. Prepare to be captivated by this extraordinary property that captures the promise of serenity and renewal.Step into a world of enchantment as you discover the main residence, two charming units and a converted barn transformed into a haven of healing and relaxation, complete with a rejuvenating Himalayan Salt Room and spa providing an additional 6250 square feet of living and amenity space all powered by a new solar system. As you journey through the sprawling 6.2 acres adorned with ancient oak trees and majestic boulders, you'll encounter delightful hideaways like the enchanting guest house and a secluded private apartment, offering an escape in the midst of nature's embrace. But the allure doesn't end there. Immerse yourself in luxury within the 5-bedroom main residence, where every detail exudes elegance and comfort. From the soaring 30-foot ceilings to the inviting grand loft overlooking the expansive great room, from the infinity salt water swimming pool to the impeccably remodeled kitchen and cozy fireplace, indulge in a lifestyle of unparalleled opulence. Venture beyond your oasis to explore the nearby Santa Rosa Plateau hiking trails, visit wineries, or embark on exhilarating horseback rides through scenic trails just minutes away. Now is your moment to seize the opportunity to own a slice of paradise where healing and tranquility converge. Your sanctuary awaits. Revenue for 2024 was $194,000 without renting the Main House. Projected revenue for the Main House is $12,500 per month or $150,000 annually. Total Projected Revenue is $344,000 with a Proforma Cap Rate of approximately 10%.

FOR SALE DETAILS

PRICE

$3,420,000 USD

PRICE/SF

$525 USD /SF

# OF UNITS

6

PRICE/UNIT

$570,000

CAP RATE

10%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Revenue and Income Producing Estate Home

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1990

PARKING SPACES

-

LAND DETAILS

LAND ACRES

6.2 AC

LAND SF

270,072 SF

ZONING

-

APN/PARCEL ID

929-180-038

ASK ABOUT THIS PROPERTY

Heather SparksThe Sparks AgencyMore Info
646-329-4000

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Heather SparksThe Sparks AgencyMore Info
646-329-4000

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.