25478 Roufus Road

Menifee, CA 92584

$729,000
Price
7
Beds
5
Baths
3,144 Sq. Ft.
$232 / Sq. Ft.
3,144
Sq. Ft.
$232
per Sq. Ft.

Description

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...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.
  1. Listed by Kristina Sanders • DRE #02106110 • Brokerage DRE #02071123 • Signature Real Estate Group • 3107801712

Property Details for 25478 Roufus Road

View
Mountain(s), Panoramic
Parking Spaces Total
22
Private Pool
No
Total Units
4.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
3144
Assessor Parcel Number
362-280-013

Location

Listing Courtesy of Signature Real Estate Group, Kristina Sanders, DRE #02106110
Add your commute
LISTING UPDATED: 04/29/2024 09:37 AM

Property Details for 25478 Roufus Road

StatusActive
MLS #SW24067496
Days on Market27
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1973
Lot Size1.38 AC / 60,113 SF
CountyRiverside County

Location

Listing Courtesy of Signature Real Estate Group, Kristina Sanders, DRE #02106110
Add your commute

Building Information for 25478 Roufus Road

Stories1Residences-Year Built1973Building Size-Lot Size1.38 AC / 60,113 SF

Payment Calculator

$4,618 per month

30 year fixed, 7.25% Interest

Principal and Interest

$3,978

Property Taxes

$640

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 25478 Roufus Road

Rental Info
Rental Info
  • Tenant Pays: Cable TV, Electricity
Income / Expense / Tax Details
Income Details
  • Gross Income: $5,915
  • Gross Scheduled Income: $5,915
  • Vacancy Allowance: 295
  • Gross Operating Income: $5,619
  • Net Operating Income: $4,352
  • Other Income Description: Gated Storage Yard
  • Other Income 1: $1,250
  • Cap Rate: 7.4
Expense Details
  • Operating Expense: $1,267
  • Fuel Expense: $3,600
  • Electric Expense: $120
  • Insurance Expense: $1,407
  • Trash Expense: $228
  • Water Sewer Expense: $0
  • Total Expenses: $5,355
Tax / Assessment Info
  • Tax Annual Amount: $7,581
  • Tax Tract Number: 432
  • Tax Census Tract: 432.79
  • CFD/Mello-Roos Fee: $2,178
  • Tax Lot: E
Community / Development
Community / Development
  • Community Features: Rural
Property / Structure Info
Interior Features
  • Room Type: All Bedrooms Down
  • Bedroom Features: All Bedrooms Down
  • Laundry: Yes
  • Laundry Features: Inside, Outside, Propane Dryer Hookup, See Remarks, Washer Hookup
Exterior Features
  • Entry Location: 1
  • Other Structures: Guest House Detached, Storage, Two On A Lot
  • View Description: Panoramic
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
  • Spa Features: None
Land/Lot Info
  • Lot Features: 2-5 Units/Acre, Cul-De-Sac
  • Lot Location: Rural, Cul-De-Sac
  • Number Of Units: 4
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: One
  • Water: Well
  • Sewer: Conventional Septic
  • Sewer/Septic: Septic Installed
  • Water Source: Well
Parking Info
  • Garage Spaces: 2
  • Parking: Yes
  • Parking Garage: Built-In Storage, RV Access, RV Gated
  • Uncovered Spaces: 20
  • Open Other Spaces Total: 20
  • Parking Garage Spaces: 2
  • Carport Spaces: 0
  • Parking Features: Built-In Storage, Attached Carport, RV Access/Parking, RV Gated
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 2
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,680
  • Unit Type Total Rent: $1,680
  • Unit Type Pro Forma: 2300
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,200
  • Unit Type Total Rent: $1,200
  • Unit Type Pro Forma: 1500
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $840
  • Unit Type Total Rent: $840
  • Unit Type Pro Forma: 1500
  • Unit Type Type: 3
Unit 4
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $945
  • Unit Type Total Rent: $945
  • Unit Type Pro Forma: 1600
  • Unit Type Type: 4
Unit Information
  • Rent Controlled: No
  • Number Of Buildings: 3
  • Number Of Separate Electric Meters: 1
  • Number Of Separate Gas Meters: 0
  • Number Of Separate Water Meters: 0
  • Number With Patio: 1

Property History for 25478 Roufus Road

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 25478 Roufus Road

Taxable ValueLand$306,000Additions$357,000Total$663,000
Tax Record2023$7,679 ($640 / month)
Home Facts
Baths2Total Finished SqFt1,344 SqFtAbove Grade Finished SqFt1,344 SqFtStories1Lot Size60,112 SqFtStyleMobile / Manufactured HomeYear Built1973ZoningRRCountyRIVERSIDEAPN362-280-013Fireplace TypeHas Fireplace

Schools near 25478 Roufus Road

This home is within Menifee Union Elementary School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 7 to 8
Public - 9 to 12
Rating
School
Distance
Herk Bouris Elementary
PublicK to 5

Menifee Valley Middle School
Public6 to 8

Pinacate Middle School
Public7 to 8

Paloma Valley High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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25478 Roufus Road is a multi-family home for sale in Menifee, CA 92584. This property was listed for sale on April 5, 2024 by Signature Real Estate Group, it's currently listed at $729,000. It has been on the market for a total of 27 days and was last sold on July 29, 2021. This listing's school districts are Menifee Union Elementary School District, Perris Union High School District. Nearby schools include Herk Bouris Elementary, Menifee Valley Middle School and Pinacate Middle School. 25478 Roufus Road is a 7-bed, 5-bath, 3,144 sqft multi-family home built in 1973.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Signature Real Estate Group, Kristina Sanders, DRE #02106110

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.