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19985 Smith Rd

20,000 SF Specialty Building Offered at $2,500,000 in Perris, CA 92570

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Investment Highlights

15 ACRES WITH 5 RECENTLY REMODELED HOMES!
All new windows, cabinets, countertops, flooring, doors, paint, electrical & plumbing fixtures & fittings, tile bath enclosures, garage openers.

All units were completely rehabbed in the last 2-3 years.

Executive Summary

15 ACRES WITH 5 RECENTLY REMODELED HOMES! Lots of features of this one-time family estate. There is a forest area, open space, gazebos, ponds, riding areas, etc. that can be brought up to date for a retreat center or ??? 19985 SMITH ROAD IS 10 ACRES with 2200 SQ FT MID CENTURY RANCH MAIN HOUSE. 4 BDRM, 2 BATH. Master has soaking tub and separate shower, walk-in closet, and direct access to the laundry room. 2 CAR ATTACHED GARAGE AND LARGE COVERED PATIO AND PORCH. CENTRAL AIR AND FIREPLACE. A LARGE BARN WITH ENCLOSED STALLS, OUTDOOR RUNS, TACK ROOM, OFFICE, 3/4 BATH. Is included with 19985 tenants rent plus 2 stall barn with tack room. UPSTAIRS in Barn is 2 BD/1BA + DEN. HAS COVERED PORCH AND FIREPLACE with a separate entrance that is rented/occupied by an on-site manager. 19965 is DETACHED 3 BD/2 BA + 2 CAR GARAGE. C/A F/P. THERE ARE MISC COVERED STALLS. Also on the 10-acre parcel is a DETACHED 3 CAR GARAGE, 2 LARGE UNPERMITTED WORKSHOP/WAREHOUSE BUILDINGS. OLD TENNIS COURT HAS OFFICE WITH 3/4 BATH. Plus, the forest, gazebo, and pond areas. 17260 AND 17260 1/2 PFEIFER WAY IS 5 ACRES WITH TWO SEPARATE RANCH HOMES. ONE IS 3/1, THE OTHER IS 3/2. BOTH HAVE C/A F/P AND 2 CAR GARAGES. All units were completely rehabbed in the last 2-3 years with all new windows, cabinets, countertops, flooring, doors, flooring, paint, electrical and plumbing fixtures and fittings, new tile bath enclosures, garage doors with openers.

Financial Summary (Actual - 2023)	Annual	Annual Per SF
Gross Rental Income	$173,220	$8.66
Other Income	-	-
Vacancy Loss	-	-
Effective Gross Income	$173,220	$8.66
Taxes	$32,000	$1.60
Operating Expenses	$24,020	$1.20
Total Expenses	$56,020	$2.80
Net Operating Income	$117,200	$5.86

Financial Summary (Actual - 2023)

Gross Rental Income
Annual	$173,220
Annual Per SF	$8.66

Other Income
Annual	-
Annual Per SF	-

Vacancy Loss
Annual	-
Annual Per SF	-

Effective Gross Income
Annual	$173,220
Annual Per SF	$8.66

Taxes
Annual	$32,000
Annual Per SF	$1.60

Operating Expenses
Annual	$24,020
Annual Per SF	$1.20

Total Expenses
Annual	$56,020
Annual Per SF	$2.80

Net Operating Income
Annual	$117,200
Annual Per SF	$5.86

Property Facts

Price	$2,500,000	Lot Size	15.00 AC
Price Per SF	$125	Building Size	20,000 SF
Sale Type	Investment	No. Stories	1
Property Type	Specialty	Year Built/Renovated	1980/2020
Property Subtype	Lodge/Meeting Hall	Parking Ratio	6/1,000 SF
Building Class	C	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

Price	$2,500,000
Price Per SF	$125
Sale Type	Investment
Property Type	Specialty
Property Subtype	Lodge/Meeting Hall
Building Class	C
Lot Size	15.00 AC
Building Size	20,000 SF
No. Stories	1
Year Built/Renovated	1980/2020
Parking Ratio	6/1,000 SF
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.