33235 Bailey Park Boulevard

Menifee, CA 92584

$1,350,000
Price
3
Beds
1,505 Sq. Ft.
$897 / Sq. Ft.
1,505
Sq. Ft.
$897
per Sq. Ft.

Description

This property is uniquely situated with a grandfather-in residential rental unit or owner occupied 3/2 Manufactured Home on septic for either monthly income, office, or a personal residence. The just under two acres of flat, fenced, and very well located commercial property is located in one of the fastest growing cities in the USA, Menifee, CA. Positioned in the middle of Menifee’s booming commercial path of growth, with mulitple usage opportunities, now and on the horizon, the time to invest is...This property is uniquely situated with a grandfather-in residential rental unit or owner occupied 3/2 Manufactured Home on septic for either monthly income, office, or a personal residence. The just under two acres of flat, fenced, and very well located commercial property is located in one of the fastest growing cities in the USA, Menifee, CA. Positioned in the middle of Menifee’s booming commercial path of growth, with mulitple usage opportunities, now and on the horizon, the time to invest is now. While figuring out the next move the income from the grandfathered-in tenant occuppied $2200/mo income 3/2 manufactured home on the lot offers an income stream to help support the holding and development costs of the 1.84 acre C1/CP/SC zoned flat usable land for your project. The area is exploding with new commercial and residential developments and the City of Menifee is progressively expanding and continually allowing new exciting investment opportunities now and in your future. See attached list of approved uses for this zone in the supplements. In addition to rental unit, the property also has a septic system, outdoor restroom facility, perimeter lighting, palm trees, and completely chain link fenced and with two entry gates. The same owner is selling a matching vacant lot across the street on Bailey Park Blvd closer to 215 Frwy, MLS listing # OC24165183, and will consider a package deal discount if both you can use both parcels.
  1. Listed by Kenneth Thurman • DRE #01053162 • Brokerage DRE #02025297 • Alta Realty Group CA, Inc • 214-577-1302

Property Details for 33235 Bailey Park Boulevard

Parking Spaces Total
0
Private Pool
No
Cooling Type
Central Forced Air
Total Units
1.0
Building Type
Detached
Lot Size Source
Assessor
Lot Size Dimensions
279x289
Living Area
1505
LISTING UPDATED: 10/15/2024 11:28 PM

Property Details for 33235 Bailey Park Boulevard

StatusActive
MLS #OC24209704
Days on Market39
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built2010
Lot Size1.84 AC / 80,150 SF
CountyRiverside County

Building Information for 33235 Bailey Park Boulevard

Stories1Residences-Year Built2010Building Size-Lot Size1.84 AC / 80,150 SF

Property Information for 33235 Bailey Park Boulevard

Income / Expense / Tax Details
Income Details
  • Gross Income: $27,000
  • Gross Scheduled Income: $26,400
  • Net Operating Income: $20,460
  • Current Financing: Conventional
Expense Details
  • Operating Expense: $5,940
  • Fuel Expense: $0
  • Electric Expense: $0
  • Insurance Expense: $1,220
  • Maintenance Expense: $1,240
  • Other Expense: $240
  • Other Expense Description: misc
  • Trash Expense: $840
  • Water Sewer Expense: $720
  • Total Expenses: $4,260
Tax / Assessment Info
  • Tax Year: 2023
  • Tax Annual Amount: $2,640
  • Tax Tract Number: 026018
  • CFD/Mello-Roos Fee: $0
  • Tax Lot: 4
Community / Development
Community / Development
  • Community Features: Urban
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Inside, Washer Hookup
  • Cooling: Central Air, Electric
  • Heating Type: Central
  • Heating: Central
Exterior Features
  • Security Features: Security Lights
  • Roof: Composition
  • Entry Location: Front Door
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Additional Parcels Description: 384180012
  • Lot Features: 0-1 Unit/Acre
  • Number Of Units: 1
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: One
  • Water: Public
  • Sewer: Conventional Septic
  • Sewer/Septic: Septic Installed
  • Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Electric: Electricity - On Property, Standard
  • Water Source: Public
Parking Info
  • Garage Spaces: 0
  • Parking: Yes
  • Parking Garage: Driveway
  • Parking Garage Spaces: 0
  • Carport Spaces: 0
  • Parking Features: Driveway
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 0
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $2,200
  • Unit Type Total Rent: $27,000
  • Unit Type Pro Forma: 27000
  • Unit Type Area: 1505
  • Unit Type Area Units: Square Feet
  • Unit Type Type: 1
  • Unit Type Description: 2010 Manf Home
Unit Information
  • Rent Controlled: No
  • Number Of Buildings: 2
  • Number Of Separate Electric Meters: 1
  • Number Of Separate Gas Meters: 0
  • Number Of Separate Water Meters: 1

Property History for 33235 Bailey Park Boulevard

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 33235 Bailey Park Boulevard

Taxable ValueLand$390,430Additions$72,506Total$462,936
Tax Record2024$5,533 ($461 / month)
Home Facts
Baths1.8Total Finished SqFt1,505 SqFtAbove Grade Finished SqFt1,505 SqFtStories1Lot Size80,150 SqFtStyleMobile / Manufactured HomeYear Built1960ZoningRRCountyRIVERSIDEAPN384-180-011Fireplace TypeHas Fireplace

Schools near 33235 Bailey Park Boulevard

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.

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33235 Bailey Park Boulevard is a multi-family home for sale in Menifee, CA 92584. This property was listed for sale on July 24, 2024 by Alta Realty Group CA, Inc, it's currently listed at $1,350,000. It has been on the market for a total of 39 days and was last sold on May 22, 2018. 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. 33235 Bailey Park Boulevard is a 3-bed, 0-bath, 1,505 sqft multi-family home built in 2010.

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 Alta Realty Group CA, Inc, Kenneth Thurman, DRE #01053162

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.