$650,000
SOLD JUL 29, 2021

25478 Roufus Rd Menifee, CA 92584

5 Beds
4 Baths
-- Sq Ft
1.38 Acres

Recently Sold

7% Below List Price

90 Days on Market

Highlights

  • 1.38 Acre Lot
  • No HOA
  • Laundry Room

About This Home

As of September 2024

Prime Investment Opportunity Situated in a quite location 4 Units as follows : 3 Bedroom 2 bath, 2 Car Garage 1344 Sq. Ft. Remodeled Inside in 2017 Newer Kitchen and Both Bathrooms Upgraded, Newer Hardwood Flooring and Carpeting, window coverings through out, AC/Heat Unit 2. Attached 2 Bedroom I bath Single wide Manufactured Home Remodeled and up-graded Unknown by seller shows to be serviceable, Hardwood Flooring, window coverings and Interior paint. Unit 3 1 Bedroom 1 Bath 600 SqFt Remodeled in 2019 Newer Kitchen and Bathroom, window coverings, AC/Heat Storage Room outside. Refrigerator Stays, Complete Roof replacement. Unit 4 1 Bedroom 1 Bath 600 Sq Ft. Needs up-grading. Unit has its own fenced yard and private parking. All units have washer and dryer hook-ups . $60,000 Solar system recently Installed and all units have an Individual monitoring system to track each units monthly usage. Plenty of parking through out . 1.38 lot that is currently leased to owners business for storage parking. Seller reserves the right at closing to continue lease or terminate the month to month lease agreement. Property to be shown only with an accepted offer. Please do not Disturb Tenants!!

Last Agent to Sell the Property

David Rosas

David Rosas Realty License #01130802 Listed on: 03/29/2021

Last Buyer's Agent

Kristina Sanders

SimpliHOM License #02106110

SimpliHOM

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1973

Lot Details

  • 1.38 Acre Lot
  • No Common Walls
  • Rural Setting
  • Density is 2-5 Units/Acre

Parking

  • 1 Car Garage

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Laundry Located Outside
  • Propane Dryer Hookup

Utilities

  • Well

Listing and Financial Details

  • Assessor Parcel Number 362280013

Community Details

Overview

  • No Home Owners Association
  • 4 Buildings
  • 4 Units

Building Details

  • 1 Separate Electric Meter
  • Insurance Expense $66
  • Other Expense $313
  • Professional Management Expense $440
  • Trash Expense $33
  • New Taxes Expense $428
  • Operating Expense $1,282
  • Gross Income $112,800
  • Net Operating Income $8,118

Property Details

Home Type

Multi-Family

Year Built

Built in 1973

Lot Details

0

Parking

1

Listing Details

  • CapRate: 11.00
  • Professional Management Expense: 440.00
  • Property Attached: No
  • Zoning: Residential
  • Property Type: Residential Income
  • Parcel Number: 362280013
  • Year Built: 1973
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 1.00
  • Total Parking Spaces: 1.00

Utilities

  • Laundry: Yes
  • Laundry Features: Inside, Outside, Propane Dryer Hookup
  • Trash Expense: 33.00
  • Water Source: Well

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Rural

Lot Info

  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 60112.00
  • Lot Size Acres: 1.3800

Multi Family

  • Gross Income: 112800.00
  • Gross Scheduled Income: 9400.00
  • Insurance Expense: 66.00
  • Lot Size Area: 60112.0000 Square Feet
  • Net Operating Income: 8118.00
  • Number Of Separate Electric Meters: 1
  • Number Of Units Total: 4
  • Operating Expense: 1282.00
  • Other Expense: 313.00
  • Other Expense Description: Propane
  • Rent Control: No
  • Total Expenses: 1282.00

Tax Info

  • New Taxes Expense: 428.00

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/09/2024 09/09/24 Sold $695,000 -2.0% $221 / Sq Ft
08/19/2024 08/19/24 Pending -- -- --
07/17/2024 07/17/24 Price Changed $709,000 +1.4% $226 / Sq Ft
05/20/2024 05/20/24 Price Changed $699,000 -4.1% $222 / Sq Ft
04/05/2024 04/05/24 For Sale $729,000 +12.2% $232 / Sq Ft
07/29/2021 07/29/21 Sold $650,000 0.0% --
06/27/2021 06/27/21 Pending -- -- --
06/21/2021 06/21/21 Price Changed $650,000 -3.7% --
05/18/2021 05/18/21 Price Changed $675,000 -3.6% --
03/29/2021 03/29/21 For Sale $700,000 +27.3% --
04/09/2020 04/09/20 Sold -- -- --
03/10/2020 03/10/20 Pending -- -- --
09/09/2019 09/09/19 For Sale $550,000 +29.4% --
12/12/2017 12/12/17 Sold $425,000 -5.6% $7 / Sq Ft
11/15/2017 11/15/17 For Sale $450,000 -- $7 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PTP2102118

California Regional Multiple Listing Service (CRMLS)