Alpine CA  home offered at $1,099,000 

Call Lisa DiNoto Group at (909)921-2544 to see this home.

 

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717 Homeward Way
Alpine, California CA 91901
Sold For: $1,099,000
Listing ID: 220024446SD
Status: Closed
Sold Date: 1/26/2023
Acres: 2.010 Acres
Subdivision: Alpine
Year Built: 1984

Variance granted, Contingent on Cancellation of Current Escrow - 2-4 INCOME UNITS & THE PRICE REDUCED $100,000 - BEST OFFER OR TRADE. Paid Solar! Amazing opportunity!! Main House rent $3,000/$3,500 or more, Detached ADU would rent for at least for $1,800 and each 1,000 sq ft workshop for $1.800 each. Haven't even started on the other opportunities like the RV parking with water, power and sewer – all utilities. Or what else someone might do with all the other property since this is a 2+ acre parcel. And you can actually see all of this -- all Floor Plans are in the Virtual Tour and the 3D tours. You can get a good idea of the property with the 3D presentation allowing you to virtually walk through the property. But the entire property will blow your expectations when you actually see it in person. This one of a kind property. Contingent on Cancellation of Current Escrow. PRICE REDUCED $100,000. BEST OFFER OR TRADE. OWNER HAS MOVED TO MISSOURI AND WANTS HOME SOLD NOW. ALL OFFERS CONSIDERED. Paid Solar with new high volume and deep well makes this property almost self-contained. The single-story home is perfect. It is 2-bedroom 2 bath home with optional 273 sq ft office or gym or craft room makes this 1,718 sq. ft. Main home is beautiful and will rent $3,000$3,500 a month or more. The detached over the garage apartment/ADU/granny flat is 2 bedrooms, 1 bath 900 sq ft with private entrance will rent for $1,800/$2,000 a month. The garage has two doors and the left one would be assigned to the apartment/ADU and the right one with the adjacent covered carport assigned to the house. There is paved parking in the area in front of the garages that is 79 ft by 79 ft for additional parking. This parking area is great for extra vehicles, guest and toys like boats, jet skis, ATV’s and more. And near that is full hookup RV parking which would be rented for $150 to $200 a month. The workshops would rent for $15 to $20 a sq ft depending on what someone wants to use it for or use both for because these are designed to be production workshops. That is $1,500 to $2,000 a month recognizing that the dimensions of the workshops are 20 ft wide, 50 ft deep and 18 ft high with fully paid solar, wired for heavy use like welders and more, have central air compressor and LED lighting. A creative owner could find even more opportunities recognizing that there are other areas that are yet developed. There is a very large shipping container that based on security, square footage and cubic footage would rent for $500 a month or $6,000 a year that isn't in the financials. As an example, the house could be an Airbnb. OR, this property could be a boutique senior care center and with 6 residence would generate about $30,000 a month or $360,000 a year. As presented as a regular rental this property would generate $7,550 to $9,350 a month or over $100,000 a year. Utility costs are minimal because of the large amount of solar panels and actually 2 wells. This is not your average under rented needing repair rental opportunity. This is ready to go and upon COE the entire property goes to market rent. Cap rate 5.6% on the low end and/or 6.9%.

Primary Features

County: San Diego
Price Reduction Date: 2022-11-17T14:06:03+00:00
Property Type: Residential Income
Subdivision: Alpine
Year Built: 1984

Interior

Appliances: yes
Appliances: Electric Water Heater, Propane Water Heater, Solar Hot Water
Cooling: yes
Cooling Type: Central Air, Zoned, See Remarks
Heating: yes
Heating Type: Electric, Propane, Solar, Combination, Forced Air
Levels: Multi/Split
Number With Dishwasher: 2
Number With Patio: 4
Number With Range: 3
Number With Refrigerator: 3
Spa: no
Spa Features: None

External

Lot Features: Sprinklers Drip System, Sprinklers Manual
Lot Size Area: 87555
Lot Size Dimensions: 316x266
Lot Size Source: Assessor
Lot Size Square Feet: 87555
Number Of Buildings: 4
Roof: Composition
View: yes
View Type: Panoramic

Location

Country: US
MLS Area Major: 91901 - Alpine
Neighborhood: Alpine
Subdivision Name Other: Alpine

Additional

Days On Market: 88
List Agent State License: 01478584
List Office State License: 01877638
Lot Size Units: Square Feet
Number Of Units Total: 4
Parcel Number: 4022924700
Security Features: Automatic Gate
Senior Community: no

Financial

Tenant Pays: See Remarks

Zoning Info


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Listed by: Pete Mylerberg, DRE #01478584 from United Realty Group 877-393-8648

Contact - Listing ID 220024446SD

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Lisa DiNoto

9483 Haven Ave #100
Rancho Cucamonga, CA 91730
Phone: 9099212544

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