30640 Old Windmill Road, Menifee, California 92584, Menifee, 92584 - bed, bath
30640 Old Windmill Road
Menifee, California 92584
Property Price
SUMMARY
Analysis of 30640 Old Windmill Road, Menifee, California 92584 is currently available with a list price of $1,600,000. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the Menifee Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Condition Analysis
OVERALL CONDITION SCORE
Property is moderate renovation needed.
The main manufactured home was built in 1981, making it 43 years old. While the property offers multiple units and potential, the age of the structures, coupled with the lack of visible recent renovations in the exterior images, suggests that the interiors, including kitchens and bathrooms, are likely outdated and would require minor to moderate updates. The MLS description itself notes 'aging infrastructure' and 'potential for outdated systems, deferred maintenance, and the need for significant capital improvements.' The overall condition appears functional but aged, aligning with the 'fair' category where properties are over 20 years old and require updates or repairs, with major components showing signs of being outdated.
PROSSTRENGTHS & OPPORTUNITIES
- Exceptional Income Generation
Features four distinct residential units (two manufactured homes, one duplex), providing substantial and diversified rental income potential.
- Significant Development Upside
Strategically located in Menifee's 'Community Core' and Economic Development Corridor, with explicit mention of development potential, indicating strong future value appreciation.
- Expansive Land Parcel
A generous lot size of nearly 1.25 acres offers ample space, privacy, and supports future expansion or development projects.
CONSRISKS & DEFICIENCIES
- Aging Infrastructure
The primary manufactured home dates back to 1981, and the age of other units is unspecified, suggesting potential for outdated systems, deferred maintenance, and the need for significant capital improvements.
- Manufactured Home Perception
The inclusion of manufactured homes, even with a permanent foundation, may influence buyer perception, financing options, and long-term appreciation compared to traditional construction.
- Complex Property Management
Managing four separate residential units entails increased complexity in tenant relations, maintenance coordination, and adherence to landlord-tenant regulations, requiring significant owner involvement or professional management.
About 30640 Old Windmill Road
30640 Old Windmill rd features 2 manufactured homes, a Duplex & a detached 4 car garage on close to 1.25 acres located in the "Community Core" of Menifee's Economic Development Corridor. The main Home is a 1,875 sq ft 4 bedroom 2 bath Manufactured Home on a 433A certified permanent foundation built in 1981, the duplex consists of a 2 bedroom unit upstairs & a 2 bedroom unit downstairs with approximately 1,000 sq ft each. At the back of the lot is a second manufactured home with 2 bedrooms & 2 baths. There is development potential & the neighboring properties, 30581 Old Windmill rd & 30620 Old Windmill rd are listed for sale as well.
Property Details
Public Facts
- Property Type
- Quadruplex
- Year Built
- 1981
- Lot Size
- 49,658 Sq. Ft.
Interior
- Total Bedrooms
- -
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | - | - | 0% |
| Baths | - | - | 0% |
| Square foot | - | - | 0% |
| Lot Size | - | - | 0% |
| Price | - | - | 0% |
| Price per sq ft | - | - | 0% |
| Built year | 1981 | - | 0% |
| HOA | $0 | $0 | 0% |
| Days on market | - | - | 0% |
Pricing History
Listed for Sale
Dec 11, 2024
$1,600,000
Initial Listing