27740 Linnel Lane

Murrieta, CA 92562

$1,112,500
Last Sold Price
5
Beds
4
Baths
3,296 Sq. Ft.
$338 / Sq. Ft.
3,296
Sq. Ft.
$338
per Sq. Ft.

Description

Residential Development Opportunity. 10.26 Acres with approximately 5 acres of developable land. Tenant occupied income-producing property, currently Residential Development Opportunity on 10.26 acres in the path of growth. Tenant occupied income-producing property, currently rented under-market generating $3,500 per month. Easy access to the I-215 freeway with great freeway visibility. Terrific views of the valley. Located across the street from a recently approved multi-family project and approved...Residential Development Opportunity. 10.26 Acres with approximately 5 acres of developable land. Tenant occupied income-producing property, currently Residential Development Opportunity on 10.26 acres in the path of growth. Tenant occupied income-producing property, currently rented under-market generating $3,500 per month. Easy access to the I-215 freeway with great freeway visibility. Terrific views of the valley. Located across the street from a recently approved multi-family project and approved hotels and Orchards at Stone Creek, Super Target, Starbucks, Subway, and Tractor Supply Company including others with the new Costo just across the freeway. It currently has two rental units totaling 5 bedrooms, and 3 baths with a finished office in the detached garage.

Property Details for 27740 Linnel Lane

View
Hills
Parking Spaces Total
6
Private Pool
No
Total Units
2.0
Building Type
Detached
Lot Size Source
Assessor
Living Area
3296
Assessor Parcel Number
392-250-005

Location

Listing Courtesy of eXp Realty of California, Inc., Kris McGee, DRE #01996570; eXp Realty of California, Inc., Jason Graham, DRE #01766858

Sold By eXp Realty of California, Inc., Kris McGee, DRE #01996570; eXp Realty of California, Inc., Jason Graham, DRE #01766858

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LISTING UPDATED: 09/27/2023 07:12 AM

Property Details for 27740 Linnel Lane

StatusClosed
MLS #SW23011218
Days on Market206
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1988
Lot Size10.26 AC / 446,925 SF
CountyRiverside County

Location

Listing Courtesy of eXp Realty of California, Inc., Kris McGee, DRE #01996570; eXp Realty of California, Inc., Jason Graham, DRE #01766858

Sold By eXp Realty of California, Inc., Kris McGee, DRE #01996570; eXp Realty of California, Inc., Jason Graham, DRE #01766858

Add your commute

Building Information for 27740 Linnel Lane

Stories-Residences-Year Built1988Building Size-Lot Size10.26 AC / 446,925 SF

Payment Calculator

$6,375 per month

30 year fixed, 7.25% Interest

Principal and Interest

$6,071

Property Taxes

$304

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 27740 Linnel Lane

Rental Info
Rental Info
  • Tenant Pays: All Utilities
Income / Expense / Tax Details
Income Details
  • Gross Income: $36,000
  • Gross Scheduled Income: $36,000
  • Net Operating Income: $32,480
  • Number Of Rented Garages: 1
  • Financing: Cash
Expense Details
  • Operating Expense: $3,520
  • Fuel Expense: $0
  • Electric Expense: $0
  • Insurance Expense: $0
  • Trash Expense: $0
  • Water Sewer Expense: $0
  • Total Expenses: $0
Tax / Assessment Info
  • Tax Tract Number: 0
  • Tax Census Tract: 432.78
  • CFD/Mello-Roos Fee: $0
  • Tax Lot: 0
Community / Development
Community / Development
  • Community Features: Valley
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Inside
Exterior Features
  • View Description: Hills
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: 6-10 Units/Acre, Irregular Lot
  • Number Of Units: 2
  • Land Lease: No
  • Land Lease Type: Fee
  • Water: Public
  • Sewer: Septic Type Unknown
  • Water Source: Public
Parking Info
  • Garage Spaces: 6
  • Parking Garage Spaces: 6
  • Carport Spaces: 0
Unit Information
Unit 1
  • Unit Type Units Total: 2
  • Unit Type Beds Total: 5
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 6
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $3,500
  • Unit Type Total Rent: $3,500
  • Unit Type Pro Forma: 54000
  • Unit Type Type: 1
Unit Information
  • Number Of Units Leased: 2
  • Rent Controlled: No
  • Number Of Buildings: 2
  • Number Of Separate Electric Meters: 0
  • Number Of Separate Gas Meters: 0
  • Number Of Separate Water Meters: 0

Property History for 27740 Linnel Lane

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 27740 Linnel Lane

Taxable ValueLand$92,290Additions$206,402Total$298,692
Tax Record2023$3,652 ($304 / month)
Home Facts
Beds3Baths1.8Total Finished SqFt2,052 SqFtAbove Grade Finished SqFt2,052 SqFtStories2Lot Size446,925 SqFtStyleSingle Family ResidenceYear Built1988ZoningRRCountyRIVERSIDEAPN392-250-005Fireplace TypeHas Fireplace

Schools near 27740 Linnel Lane

This home is within Murrieta Valley Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - K to 12
Rating
School
Distance
Antelope Hills Elementary School
PublicK to 5

Shivela Middle School
Public6 to 8

Murrieta Mesa High School
Public9 to 12

Murrieta Canyon Academy
PublicK 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.

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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 eXp Realty of California, Inc., Kris McGee, DRE #01996570; eXp Realty of California, Inc., Jason Graham, DRE #01766858

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.