25478 Roufus Road Menifee, CA ^$ 729,000

25478 Roufus Road

^$ 729,000

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25478 Roufus Road

Menifee, CA, 92584

^$ 729,000

Bedrooms3 Baths0.1 Sq 3,144

Monthly Estimate*

^$ 5,092

Listed by Signature Real Estate Group

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Multi-Family Home for sale in Menifee, CA

for $729,000 with 3 bedrooms and 1 half bath. This 3,144 square foot home was built in 1973 on a lot size of 1.38.

Great 4-unit income investment property with an income producing storage yard and a 2-car garage on a 1.38 acre parcel. The location is quiet, up on a hill and has amazing panoramic views of mountains and hills. All units are rented with established tenants. 60k owned ground mounted solar system installed a few years ago. Each unit has a sub-meter to track energy use. Tenants pay for any usage over what the solar produces. Paved parking galore. Multiple RVs, boats, vehicles and toys can be parked there. Well water with 2 new 5000 gallon water tanks and a subterranean well-pump system recently installed. One unit had some upgrades in 2019, and another unit had some upgraded in 2017. All units have washer and dryer hook-ups and heating and air. Two septic systems on property. One structure just recently had the water heater replaced. Storage yard and units have securable fencing. Property is fully fenced. Rural residential zoning. Cash or 1031 exchange only.

Multi-Family Active

Price

^$ 729,000

Bedrooms

Half Bath

Property Type

Multi-Family

Taxes

^$ 7,581

Style

ManufacturedOnLand

Lot Size

1.38

Year Built

1973

Town/City

Menifee

County/Region

Riverside

MLS | Web ID

SW24067496

Days on Market

Features

General

Interior Features AllBedroomsDown

Sewer SepticTank

Possession CloseOfEscrow

Zoning R-A-2 1/2

HOA 0.0

Garage Spaces 2.0

Pool Features None

Exclusions Tenants property and storage containers in storage yard.

Year Built 1973

Tenant Pays CableTV Electricity

View Mountains Panoramic

Stories 1

Levels One

Property SubType ManufacturedOnLand

Gross Income 5915.0

Community Features Rural

County Riverside

Net Operating Income 4352.0

Operating Expense 1267.0

Insurance Expense 1407.0

New Construction N

Property Type ResidentialIncome

HOA / Comm Assn N

Attached Garage N

Garage Y/N Y

Other Structures GuestHouse Storage TwoOnALot

Special Listing Conditions Trust

Status Active

Directions Near Bundy Canyon off Scott and Wright Rd up the hill.

City Menifee

Entry Location 1

View Y/N Y

Senior Community Y/N N

Open Parking Spaces 20.0

Total Units 4

MLS Area SRCAR - Southwest Riverside County

Lot Size Square Feet 60113.0

Private Pool N

Waterfront Y/N N

Carport Y/N Y

Street Name Roufus

Listing Terms Cash Item1031Exchange

Spa Features None

Property Attached Y/N Y

Land Lease Y/N N

Tax Annual Amount 7581.0

Electric Expense 120.0

Home Warranty Y/N N

Fuel Expense 3600.0

Trash Expense 228.0

Water Sewer Expense 0.0

Lease Renewal Y/N N

Additional Parcels Y/N N

Lease Considered Y/N N

Rent Control Y/N N

Days on Market 24

Building Area Units SquareFeet

Standard Status Active

Year Built Source Assessor

Tax Lot E

Property Sub Type Additional ManufacturedOnLand

Cap Rate 7.4

Exterior

Parking Features AttachedCarport RVGated RVAccessParking Storage

Lot Features Item25UnitsAcre CulDeSac

Water Source Well

Total Parking 22.0

Lot Size Area 60113.0

Number of Buildings 3

Spa N

Building Area Total 3144.0

Lot Size Acres 1.38

Lot Size Units SquareFeet

Lot Size Source Assessor

Number of Separate Water Meters 0

Number of Separate Gas Meters 0

Number of Separate Electric Meters 1

Crops Included Y/N N

Open Parking Y/N N

Horse Y/N N

Irrigation Water Rights Y/N N

Interior

Total Stories 1

Common Walls Item1CommonWall

Basement (Y/N) N

Air Conditioning Y/N N

Heating Y/N N

Fireplace Y/N N

Street Suffix Road

Laundry Features WasherHookup Inside Outside PropaneDryerHookup SeeRemarks

Entry Level 1

Electric On Property Y/N N

Internal Only

Street Number 1 25478

* Excluded Features

List By

Signature Real Estate Group

Broker

(310) 780-1712

Phone

Affordability Calculator

$5,724

Per Month

Monthly Principal & Interest: $5,092
Monthly Property Taxes: $632
Monthly Home Insurance: --

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Down Payment

Loan Term

Interest Rate

Yearly Property Taxes

Yearly Home Insurance

Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Menifee, CA

Average List Price ^$729,000

Percent of Sale Price 0%

About Menifee, CA

96,543 Population

127% Since 2002

^$59,044 Median Income

39.49 Median Age

33% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

273443 Elementary School

272636 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
4/6/2024	$729,000		Listed Price

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25478 Roufus Road, Menifee, CA, 92584 is a Multi-Family Home for sale at $729,000 with 3,144 sqft and a lot size of 1.38. 25478 Roufus Road has 3 bedrooms, 0.1 baths, and was built in 1973. The property's zip code is 92584 which is in Menifee, CA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of the California Regional Multiple Listing Service, Inc..

Based on information from California Regional Multiple Listing Service, Inc. as of 4/30/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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25478 Roufus Road

Multi-Family Home for sale in Menifee, CA

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