30640 Old Windmill Road, Menifee, California 92584, Menifee, 92584 - bed, bath
ACTIVE$1,600,000
30640 Old Windmill Road, Menifee, California 92584
0Bed
0Bath
4,875Sqft
49,658Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Multiple Income-Generating Units: The property features two manufactured homes and a duplex, providing four distinct rental units and significant potential for multiple income streams.
Top Cons:
Age of Structures: The main manufactured home was built in 1981, and other units are likely of similar vintage, suggesting potential for deferred maintenance and the need for significant capital expenditures.
Compared to the nearby listings
Compared against 0 nearby listings
More Insights
Built in 1981 (44 years old).
Condition: The property, built in 1981, is 43 years old with no mention of significant renovations. The provided images are all exterior, showing older structures consistent with the build year. Without interior photos, it's highly probable that the kitchens, bathrooms, and other interior features are original or very dated, requiring substantial repairs and rehabilitation to meet modern standards. The listing's own analysis notes 'Age of Structures' and 'Potential for High Capital Expenditure' as weaknesses, reinforcing the need for major updates and investment.
Year Built
1981
Close
-
List price
$1.6M
Original List price
$1.6M
Price/Sqft
$328
HOA
-
Days on market
-
Sold On
-
MLS number
PW24245611
Home ConditionPoor
Features
Good View: Hills
ViewHills
About this home
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.
Condition Rating
Poor
The property, built in 1981, is 43 years old with no mention of significant renovations. The provided images are all exterior, showing older structures consistent with the build year. Without interior photos, it's highly probable that the kitchens, bathrooms, and other interior features are original or very dated, requiring substantial repairs and rehabilitation to meet modern standards. The listing's own analysis notes 'Age of Structures' and 'Potential for High Capital Expenditure' as weaknesses, reinforcing the need for major updates and investment.
Pros & Cons
Pros
Multiple Income-Generating Units: The property features two manufactured homes and a duplex, providing four distinct rental units and significant potential for multiple income streams.
Prime Development Location: Situated in the 'Community Core' of Menifee's Economic Development Corridor, indicating strong future development potential and likely appreciation in value.
Expansive Lot Size: With close to 1.25 acres (approximately 49,658 sq ft), the property offers ample space for various uses, privacy, or potential future expansion and redevelopment.
Assemblage Opportunity: Neighboring properties (30581 & 30620 Old Windmill rd) are also listed for sale, presenting a unique opportunity for a larger land acquisition and consolidated development project.
Permanent Foundation for Main Home: The main 1,875 sq ft manufactured home is on a 433A certified permanent foundation, enhancing its long-term stability and potentially easing financing compared to typical manufactured homes.
Cons
Age of Structures: The main manufactured home was built in 1981, and other units are likely of similar vintage, suggesting potential for deferred maintenance and the need for significant capital expenditures.
Mixed Housing Types: The combination of multiple manufactured homes and a duplex can complicate financing, property management, and may appeal to a more specialized buyer or tenant pool.
Potential for High Capital Expenditure: Older multi-unit properties, especially those with manufactured components, often require substantial investment for renovations, upgrades, and ongoing maintenance to maximize rental income and property value.