Great 4-unit income investment property with a 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.
Menifee is located in California. Menifee, California has a population of 86,820. Menifee is less family-centric than the surrounding county with 36.02% of the households containing married families with children. The county average for households married with children is 36.51%.
The median household income in Menifee, California is $60,808. The median household income for the surrounding county is $60,807 compared to the national median of $57,652. The median age of people living in Menifee is 37.9 years.
The average high temperature in July is 99.5 degrees, with an average low temperature in January of 35.1 degrees. The average rainfall is approximately 13.6 inches per year, with 0 inches of snow per year.
