42081 3rd Street MultiFamily $7,500,000— Listed by Gavin Carlson, California Realty Group Inc

42081 3rd Street MultiFamily $7,500,000— Listed by Gavin Carlson, California Realty Group Inc

MLS - Broker Listed Properties

Updated on Sep 22, 2020

Incredible investment opportunity for a mixed use building in the heart of Old... $7,500,000


Get directions - View larger map

Address42081 3rd Street
Temecula, CA 92590
Broker California Realty Group Inc TEMECULA,CA 92590
Phone(951) 506-9683
Web site http://www.cabesthomes.com
Agent Gavin Carlson
Phone(951) 506-9683
Located in TEMECULA, CA
Incredible investment opportunity for a mixed use building in the heart of Old Town Temecula! With a total of 32 residential and 2 commercial units, this property offers an investor the chance to own a well-maintained property, fully leased to 100% occupancy. Residential units offer value-add opportunities, with up-side rent potential. Building offers a gated 32 unit parking garage along with 2 commercial spaces on the ground floor. All residential units are contained on floors 2 and 3 inside a private interior courtyard. Single bedroom units come complete with fridge, oven, and microwave while each two bedroom contains stainless steel kitchen appliances and in unit washer/dryer units. Building includes 2 community laundry facilities, a private office for the on-site manager, security system/cameras, and a secure entry system for all residents. All residential units are on fixed term leases and both commercial tenants are on multi-year long leases. The residential units are subject to low-income restrictions and are subject to oversight by the Temecula city hall in return for a Welfare Exemption credit which significantly reduces the building's property tax liability. Ownership must be conveyed through a limited partnership with the general partner being a 501 C(3) tax exempt company. Sale is subject to review and approval by the Temecula Redevelopment Agency.


  • Provider name: California Realty Group Inc
  • Provider category: Broker
  • Property type: MultiFamily
  • Property sub type: Other
  • Listing category: Purchase
  • Mls name: California Regional Multiple Listing Service, Inc
  • Mls number: IV20140450
  • Lot size: 22651
  • Year built: 2010
  • Listing date: 2020-07-08
  • Listing title: Residential Income - Temecula, CA
  • Architecture style: Other
  • Cooling systems: Central A/C
  • Is new construction: no
  • Num floors: 3.0
  • Num parking spaces: 32
  • Roof types: Unknown
  • Taxes

  • $0
Copyright © 2020 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

More Properties Near TEMECULA, CA

30600 Happy Valley Drive Residential Single Family Detached $600,000

Desert Hot Springs

5 bedrooms, 5 baths $600,000

This beautiful pool house is located in Indio Hills with 4.7 acres, excellent opportunity to own your ranch in a ideal location. Main house offer 4 bedroom and 3.5 bathroom, all kitchen appliances...

74711 Dillon Road Residential $69,900

Desert Hot Springs

2 bedrooms, 1 baths $69,900

This prime Sky Valley Resort home offers two bedrooms, 1 3/4 baths and has an added sunroom that has a beautiful, unobstructed west-facing mountain and water view. Sunroom could be used as a third...

33121 Deane Circle Residential $129,900

Thousand Palms

2 bedrooms, 2 baths $129,900

'Charming, bright and tastefully updated 1,392 sf home. Two bedroom, two bathroom on huge, private fenced lot. Quiet cul-de-sac location. Large private deck with mountain views. This home has been...

26 Hilton Head Drive Residential Condominium $625,000

Rancho Mirage

3 bedrooms, 4 baths $625,000

Panoramic views of the San Jacinto & San Gorgonio mountains, are yours, thanks to the open greenbelt space on the view side this property. This large single story home is located on the expansive...

0 Siena Vista Court Residential Single Family Detached $1,425,000

Rancho Mirage

5 bedrooms, 5 baths $1,425,000

NEW Construction coming soon in 2021! Exceptionally well designed modern architecture with exceptional design details and amenities. This is the only one of 9 semi-custom homes with full-sized...

74711 Dillon Road Residential $59,900

Desert Hot Springs

2 bedrooms, 2 baths $59,900

Beautiful 2 bedroom 2 bath manufactured home in Friendly Sky Valley Resort. High ceilings, drywalled, light and bright, mountain view. Turnkey furnished, including washer, dryer, refrigerator, and...

73672 Dillon Road Lots And Land $119,000

Desert Hot Springs

0 bedrooms, 0 baths $119,000

Come home to Sky Valley. With 6.8 acres of land on a paved street with easy access to utilities this property is the perfect solution. Building your dream home starts here! You will enjoy the sunny...

65 Syrah Residential Single Family Detached $519,000

Rancho Mirage

2 bedrooms, 2 baths $519,000

The new Del Webb 55+community in Rancho Mirage, offers a great convenient mid valley location. No golf course in this community but walking trails thru-out, an extremely attractive carefree gorgeous...

51 Bordeaux Residential Single Family Detached $509,000

Rancho Mirage

2 bedrooms, 2 baths $509,000

Del Web Rancho Mirage offers 55 plus living in true desert style. This home has been upgraded inside and out. No need to wait for the builder when you can enjoy these upgrades now. The open floor plan...

29 Cabernet Residential Single Family Detached $599,000

Rancho Mirage

3 bedrooms, 3 baths $599,000

This bright, airy home at Del Webb provides a stunning sense of arrival from the moment you walk through the door into the ''rotunda'' entry and look above palm trees to the stunning mountains. The...

goodideazs, LLC is not affiliated with the authors of this post nor is it responsible for its content, the accuracy and authenticity of which should be independently verified.

About| Advertise| Terms| Privacy| Contact A Greater Town

Copyright © 2007-2018 goodideazs, LLC. All rights reserved.