24517 Adams Avenue

Murrieta, CA 92562

$1,200,000
Price
5
Beds
4
Baths
3,768 Sq. Ft.
$318 / Sq. Ft.
3,768
Sq. Ft.
$318
per Sq. Ft.

Description

Welcome to 24517 Adams Ave, an exceptional investment opportunity featuring two homes on a spacious 2.6-acre lot. This unique property has the potential to two homes for the extended family or great rental investments. Main house has 3 bedrooms and 2 baths with 2512 square feet. The back house has 2 bedrooms and 1 and 1/2 baths with 1228 Square feet. This home is perfect for multi-generational living or rental income. With 1.6 acres of usable land, this property provides the potential to subdivide...Welcome to 24517 Adams Ave, an exceptional investment opportunity featuring two homes on a spacious 2.6-acre lot. This unique property has the potential to two homes for the extended family or great rental investments. Main house has 3 bedrooms and 2 baths with 2512 square feet. The back house has 2 bedrooms and 1 and 1/2 baths with 1228 Square feet. This home is perfect for multi-generational living or rental income. With 1.6 acres of usable land, this property provides the potential to subdivide into multiple half-acre lots, opening doors to future development and added value. Ideal for investors or homeowners seeking space for expansion, this property offers incredible versatility. Inside the main home, you're welcomed by an open floor plan that flows seamlessly into the gourmet kitchen, featuring stone countertops, stainless steel appliances, and a large island perfect for cooking and entertaining. The luxurious master suite boasts a walk-in closet, dual vanities, and a spacious walk-in shower, modern upgrades, including an updated kitchen, new baths, surround sound, and a whole-house fan. The back house features new flooring, fireplace, and stone countertops, offering additional living or rental space. The outdoor area is perfect for entertaining, with a covered private patios for both homes, room for an RV, two sewer hookups, and a 5-car garage including a 30x12 detached garage. Owned solar panels, a septic system, and fruit trees enhance the property's value even further. Located in a peaceful neighborhood with easy access to top-rated schools, shopping, dining, and major freeways, this property offers both privacy and convenience. Don't miss the chance to own this versatile and expansive property with endless potential. Schedule your private tour today!
  1. Listed by Darla Nino • DRE #02029424 • Brokerage DRE #01814225 • Coast Funding Group, Inc. • 714-747-6421

Property Details for 24517 Adams Avenue

View
None
Parking Spaces Total
5
Private Pool
No
Cooling Type
Central Forced Air
Total Units
2.0
Building Type
Attached
Lot Size Source
Public Records
Living Area
3768
LISTING UPDATED: 10/29/2024 08:38 AM

Property Details for 24517 Adams Avenue

StatusActive
MLS #PW24204151
Days on Market29
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1948
Lot Size2.60 AC / 113,256 SF
CountyRiverside County

Building Information for 24517 Adams Avenue

Stories1Residences-Year Built1948Building Size-Lot Size2.60 AC / 113,256 SF

Property Information for 24517 Adams Avenue

Income / Expense / Tax Details
Income Details
  • Gross Income: $7,000
  • Gross Scheduled Income: $7,000
  • Net Operating Income: $7,000
  • Current Financing: Conventional
Expense Details
  • Operating Expense: $0
  • Fuel Expense: $500
  • Electric Expense: $1,000
  • Insurance Expense: $3,000
  • Trash Expense: $50
  • Water Sewer Expense: $50
  • Total Expenses: $4,600
Tax / Assessment Info
  • Tax Tract Number: T
  • Tax Census Tract: 506.00
  • CFD/Mello-Roos Fee: $290
  • Tax Lot: 14
Community / Development
Community / Development
  • Accessibility Features: See Remarks
  • Assessments YN: No
  • Assessments: None
  • Community Features: Street Lights
Property / Structure Info
Interior Features
  • Interior Features: Stone Counters
  • Room Type: All Bedrooms Down, Den, Entry, Family Room, Kitchen, Laundry, Living Room, See Remarks, Separate Family Room, Walk-In Closet
  • Bedroom Features: All Bedrooms Down, WalkInCloset
  • Laundry: Yes
  • Laundry Features: Individual Room
  • Fireplace Features: Family Room, Living Room
  • Fireplace Rooms: Family Room, Living Room
  • Cooling: Central Air
  • Heating Type: Central
  • Heating: Central
  • Flooring: Carpet, Tile
Exterior Features
  • Entry Location: Main
  • Property Condition: Turnkey, Updated/Remodeled
  • View Description: None
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Green Info
  • Green Energy Generation: Solar
Land/Lot Info
  • Lot Features: 2-5 Units/Acre
  • Number Of Units: 2
  • Land Lease: No
  • Land Lease Type: Fee
  • Road Frontage Type: City Street
  • Levels: One
  • Water: Public
  • Sewer: Conventional Septic
  • Sewer/Septic: Septic Installed
  • Utilities: See Remarks
  • Electric: See Remarks
  • Water Source: Public
Parking Info
  • Garage Spaces: 5
  • Parking: Yes
  • Parking Garage Spaces: 5
  • Carport Spaces: 0
  • Parking Features: Detached Carport
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: 5
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $0
  • Unit Type Total Rent: $0
  • Unit Type Pro Forma: 4000
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $0
  • Unit Type Total Rent: $0
  • Unit Type Pro Forma: 2500
  • Unit Type Type: 2
Unit Information
  • Rent Controlled: No
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 1
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1

Property History for 24517 Adams Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 24517 Adams Avenue

Taxable ValueLand$130,274Additions$213,308Total$343,582
Tax Record2024$3,979 ($332 / month)
Home Facts
Beds4Baths3Total Finished SqFt3,768 SqFtAbove Grade Finished SqFt3,768 SqFtStories1Lot Size113,256 SqFtStyleSingle Family ResidenceYear Built1948Year Renovated1975ZoningRR01CountyRIVERSIDEAPN906-070-007

Schools near 24517 Adams Avenue

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 - 9 to 12
Rating
School
Distance
Murrieta Elementary School
PublicK to 5

Thompson Middle School
Public6 to 8

Murrieta Valley High School
Public9 to 12

Murrieta Options Academy
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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Similar Sold Homes

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24517 Adams Avenue is a multi-family home for sale in Murrieta, CA 92562. This property was listed for sale on September 30, 2024 by Coast Funding Group, Inc., it's currently listed at $1,200,000. This listing's school district is Murrieta Valley Unified School District. Nearby schools include Murrieta Elementary School, Thompson Middle School and Murrieta Valley High School. 24517 Adams Avenue is a 5-bed, 4-bath, 3,768 sqft multi-family home built in 1948.

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. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Coast Funding Group, Inc., Darla Nino, DRE #02029424

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.