Skip To Content

717 Homeward Way

Alpine, CA 91901
  • $1,099,000
  • STATUS: ACTIVE
  • ON SITE: 74 Days
  • ID#: 220024446
UPDATED: 64 min ago
$1,099,000
  • 4
    BEDS
  • 2.01
    ACRES
  • 3
    BATHS
  • 0
    1/2 BATHS
  • 4,613
    SQFT
  • $238
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1984
County:

School Ratings & Info

Description

Variance granted - 2-4 INCOME UNITS & THE PRICE REDUCED $100,000 - BEST OFFER OR TRADE. Paid Solar! Amazing opportunity!! Main House rent $3,000/$3,500 or more, Detached ADU would rent for at least for $1,800 and each 1,000 sq ft workshop for $1.800 each. Haven't even started on the other opportunities like the RV parking with water, power and sewer – all utilities. Or what else someone might do with all the other property since this is a 2+ acre parcel. And you can actually see all of this -- all Floor Plans are in the Virtual Tour and the 3D tours. You can get a good idea of the property with the 3D presentation allowing you to virtually walk through the property. But the entire property will blow your expectations when you actually see it in person. This one of a kind property. PRICE REDUCED $100,000. BEST OFFER OR TRADE. OWNER HAS MOVED TO MISSOURI AND WANTS HOME SOLD NOW. ALL OFFERS CONSIDERED. Paid Solar with new high volume and deep well makes this property almost self-contained. The single-story home is perfect. It is 2-bedroom 2 bath home with optional 273 sq ft office or gym or craft room makes this 1,718 sq. ft. Main home is beautiful and will rent $3,000$3,500 a month or more. The detached over the garage apartment/ADU/granny flat is 2 bedrooms, 1 bath 900 sq ft with private entrance will rent for $1,800/$2,000 a month. The garage has two doors and the left one would be assigned to the apartment/ADU and the right one with the adjacent covered carport assigned to the house. There is paved parking in the area in front of the garages that is 79 ft by 79 ft for additional parking. This parking area is great for extra vehicles, guest and toys like boats, jet skis, ATV’s and more. And near that is full hookup RV parking which would be rented for $150 to $200 a month. The workshops would rent for $15 to $20 a sq ft depending on what someone wants to use it for or use both for because these are designed to be production workshops. That is $1,500 to $2,000 a month recognizing that the dimensions of the workshops are 20 ft wide, 50 ft deep and 18 ft high with fully paid solar, wired for heavy use like welders and more, have central air compressor and LED lighting. A creative owner could find even more opportunities recognizing that there are other areas that are yet developed. There is a very large shipping container that based on security, square footage and cubic footage would rent for $500 a month or $6,000 a year that isn't in the financials. As an example, the house could be an Airbnb. OR, this property could be a boutique senior care center and with 6 residence would generate about $30,000 a month or $360,000 a year. As presented as a regular rental this property would generate $7,550 to $9,350 a month or over $100,000 a year. Utility costs are minimal because of the large amount of solar panels and actually 2 wells. This is not your average under rented needing repair rental opportunity. This is ready to go and upon COE the entire property goes to market rent. Cap rate 5.6% on the low end and/or 6.9%.

Monthly Payment Calculator

San Diego MLS logo This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2022 San Diego MLS, Inc. Licensed in the state of California.
www.sellsandiego.com/homes/133388354
Print Image

717 Homeward Way Alpine, CA 91901

  • Price: $1,099,000
  • Status: ACTIVE
  • On Site: 74 Days
  • Updated: 64 min ago
  • ID#: 220024446
4
Beds
3
Baths
0
½ Baths
2.01
Acres
4,613
SQFT
$238
$/SQFT
1984
Built
Neighborhood:
Alpine
County:
San Diego
Area:
Alpine (91901)
Property Description
Variance granted - 2-4 INCOME UNITS & THE PRICE REDUCED $100,000 - BEST OFFER OR TRADE. Paid Solar! Amazing opportunity!! Main House rent $3,000/$3,500 or more, Detached ADU would rent for at least for $1,800 and each 1,000 sq ft workshop for $1.800 each. Haven't even started on the other opportunities like the RV parking with water, power and sewer – all utilities. Or what else someone might do with all the other property since this is a 2+ acre parcel. And you can actually see all of this -- all Floor Plans are in the Virtual Tour and the 3D tours. You can get a good idea of the property with the 3D presentation allowing you to virtually walk through the property. But the entire property will blow your expectations when you actually see it in person. This one of a kind property. PRICE REDUCED $100,000. BEST OFFER OR TRADE. OWNER HAS MOVED TO MISSOURI AND WANTS HOME SOLD NOW. ALL OFFERS CONSIDERED. Paid Solar with new high volume and deep well makes this property almost self-contained. The single-story home is perfect. It is 2-bedroom 2 bath home with optional 273 sq ft office or gym or craft room makes this 1,718 sq. ft. Main home is beautiful and will rent $3,000$3,500 a month or more. The detached over the garage apartment/ADU/granny flat is 2 bedrooms, 1 bath 900 sq ft with private entrance will rent for $1,800/$2,000 a month. The garage has two doors and the left one would be assigned to the apartment/ADU and the right one with the adjacent covered carport assigned to the house. There is paved parking in the area in front of the garages that is 79 ft by 79 ft for additional parking. This parking area is great for extra vehicles, guest and toys like boats, jet skis, ATV’s and more. And near that is full hookup RV parking which would be rented for $150 to $200 a month. The workshops would rent for $15 to $20 a sq ft depending on what someone wants to use it for or use both for because these are designed to be production workshops. That is $1,500 to $2,000 a month recognizing that the dimensions of the workshops are 20 ft wide, 50 ft deep and 18 ft high with fully paid solar, wired for heavy use like welders and more, have central air compressor and LED lighting. A creative owner could find even more opportunities recognizing that there are other areas that are yet developed. There is a very large shipping container that based on security, square footage and cubic footage would rent for $500 a month or $6,000 a year that isn't in the financials. As an example, the house could be an Airbnb. OR, this property could be a boutique senior care center and with 6 residence would generate about $30,000 a month or $360,000 a year. As presented as a regular rental this property would generate $7,550 to $9,350 a month or over $100,000 a year. Utility costs are minimal because of the large amount of solar panels and actually 2 wells. This is not your average under rented needing repair rental opportunity. This is ready to go and upon COE the entire property goes to market rent. Cap rate 5.6% on the low end and/or 6.9%.
Exterior Features

Exterior Wood/Stucco Fencing FullGate Frontage CanyonOpen SpaceOther/Remarks Frontage Dimensions In Feet 316 Irrigation AutomaticDripManual Lot Dimensions Approx 316X266 Parking For RV Hook-UpsOn-Site Parking Parking Garage Desc Unit1 Detached Parking Garage Desc Unit2 Detached Parking Garage Desc Unit3 Attached Parking Garage Desc Unit4 Attached Parking Garage Spaces Unit1 2 Parking Garage Spaces Unit2 2 Parking Garage Spaces Unit3 2 Parking Garage Spaces Unit4 2 Parking Non Garage Desc Unit1 CarportGuest Parking Parking Non Garage Desc Unit2 DetachedGuest Parking Parking Non Garage Desc Unit3 DetachedTandemGuest Parking Parking Non Garage Desc Unit4 DetachedTandemGuest Parking Roof Composition Spa N/K Spa Heat None Known Topography Slope Gentle Unit1 Exclusive Use Yard Yes Unit2 Exclusive Use Yard Yes Unit3 Exclusive Use Yard Yes Unit4 Exclusive Use Yard Yes Units With Garages 4 Units With Patios 4 View Evening LightsMountains/HillsPanoramicParklike

Interior Features

Cooling Central Forced AirZoned Area(S)Other/Remarks Furnished Units 0 Half Baths Unit1 0 Half Baths Unit2 0 Half Baths Unit3 0 Half Baths Unit4 0 Heat Equipment FireplaceForced Air UnitPassive Solar Heat Source ElectricPropaneSolar Stories Other/Remarks Total Baths Unit1 2 Total Baths Unit2 1 Total Baths Unit3 0 Total Baths Unit4 0 Unit1 Laundry Hook Ups Yes Unit2 Laundry Hook Ups Yes Unit3 Laundry Hook Ups No Unit4 Laundry Hook Ups No Units With Cooling 2 Units With Dishwashers 2 Units With Dryers 2 Units With Fireplaces 1 Units With Range Oven 3 Units With Refrigerators 3 Units With Washers 2 Water Heater Type ElectricPropaneSolar

Property Features

Actual Cap Rate 0.0 Additional Property Use Ranch/FarmRes/Business Use OkWith Structures Age Restrictions N/K Annual Expense Actual 0 Annual Expense Projected 18000 Association ID San Diego Association Of Realtors (Sdar) Buildings 4 Cfd Mello Roos Fee 0.0 Community Alpine Complex Park N/A Cross Streets N. Victoria Gross Rent Multiplier Actual 0.0 Gross Rent Multiplier Project 13.19 Gross Scheduled Income Actual 0 Gross Scheduled Income Project 100800 Home Owners Fees 0.0 Mandatory Remarks None Known Market Area Inland East Miscellaneous Horse AllowedLivestock AllowedOutbuilding Monthly Total Fees 0 Net Operating Income Projected 82800 Other Fees 0.0 Other Income Actual 0 Possession Close Of Escrow Projected Cap Rate 6.14 Projected Other Income 5000.0 Sales Restrictions N/K Security Automatic GateEqpt Owned Sewer Septic Septic Installed Short Sale No Telecommunications Cable (Coaxial)Wired High Speed Internet Tenant Pays Other/Remarks Terms CashConventionalFhaSeller May Carry Unit Number For Unit1 House Unit Number For Unit2 Adu Unit Number For Unit3 Workshop 1 Unit Number4 Workshop 2 Unit1 Deposit 0 Unit1 Occupied Owner Unit1 Projected Rent 3500.0 Unit1 Rent Actual 0.0 Unit2 Deposit 0 Unit2 Occupied Vacant Unit2 Projected Rent 2000.0 Unit2 Rent Actual 0.0 Unit3 Deposit 0 Unit3 Occupied Vacant Unit3 Projected Rent 1800 Unit3 Rent Actual 0.0 Unit4 Deposit 0 Unit4 Occupied Vacant Unit4 Projected Rent 1800 Unit4 Rent Actual 0.0 Water Well On Property Water District Padre Dam Municipal

San Diego MLS logo Listing provided courtesy of United Realty Group: [IDXCONTACTINFORMATION]. Listing information © 2022 San Diego MLS Inc. Source: SDMLS
San Diego MLS logo This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2022 San Diego MLS, Inc. Licensed in the state of California.
 
https://bt-photos.global.ssl.fastly.net/sandiego/1280_boomver_1_220024446-2.jpg https://bt-photos.global.ssl.fastly.net/sandiego/1280_boomver_1_220024446-2.jpg https://bt-photos.global.ssl.fastly.net/sandiego/1280_boomver_1_220024446-2.jpg
Logo
The Neuman Team Real Estate Inc.
516 5th Avenue
San Diego CA, 92101