38025 Dorothy Court, Temecula, CA 92592

Incredible investment opportunity! On 8/23/23, Riverside County will announce new STR guidelines, potentially overruling the current year long moratorium. The new law is expected to allow STR’s in the unincorporated area of Temecula’s Wine Country (which includes this property). This property has two homes, so upon passing, you have several options: owner occupy the main home and rent the guest house, or owner occupy guest home and rent the main house. The average nightly rate of similar property exceeds $2,500/night with approx. a 65% annual occupancy with estimated annual revenue of $593,000/yr. Seller is willing to carry the $2,500,000 mortgage at 5.5% with a 35% down payment for up to 2 years until mortgage rates move lower. Estimated Cash on Cash return of 19% after expenses not including depreciation expense. Property is ideal for a cost segregation that could provide between $1.3M to $1.6M bonus depreciation federal tax write-off (please confirm with your CPA, seller can also provide more details). 5-year cash on cash effective return increases to 25% with the cost segregation strategy. Custom estate in Temecula’s Wine Country. The heart of the home is the gourmet kitchen, featuring top-of-the-line appliances valued at $300,000. Every culinary need is met, from the u