10956 Cherry Avenue

Cherry Valley, CA 92223
$899,000
4000 sqft | 5 beds | 4.5 baths | 0.79 acres | #24390859
Courtesy of PLG Estates

Description

Welcome to 10956 Cherry Avenue, a reimagined ranch style investment compound built from the ground up with limitless opportunities for expansion and passive rental income. This desirable neighborhood is known as one of southern california's equestrian destinations nestled in the stunning foot hills of Cherry Valley and is surrounded by unparalleled views of the San Gorgino Mountain Range. From the moment you set foot on this sprawling 3/4 acre plus property, you will be whisked away into another world far from the bustle of city living. The center piece of the property is a stunning newly constructed 4 bedroom, 4 bath residence with modern finishes. The home features a neutral color palette with recessed lighting as well as brand new hardwood and title flooring throughout. Your new chef's kitchen does not disappoint, the amenities include beautiful new cabinetry, quartz counter tops and stainless steal appliances with hood vent and ample storage and pantry. Bedrooms are bright and ample in size with generous closet space. All bathrooms have been designed custom to please even the most discerning renter. This estate has unlimited possibilities and features a separate barn inspired two story guest house equipped for versatile use.The barn features 1 bedroom, 1 bath room, full kitchen and attached garage. The space is ideal as a guest suite, office, workshop, recording studio, and more. The property has been subdivided into three lots. The 3rd lot is approximately 10,000sf is ready to be developed and has it's own entrance. The property also includes solar panels! Do not miss this amazing opportunity, an investors dream! Property is also available for lease, asking price: $5,500/mo.
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  • Property Details
      • Interior:BreakfastBar, BreakfastArea, SeparateFormalDiningRoom, EatInKitchen, WalkInClosets
      • Bedrooms:5
      • Bathrooms:4.5
      • Full Baths:4
      • Half Baths:1
      • View:Mountains
      • Stories:1
      • Lot description:Agricultural, FrontYard, HorseProperty, Ranch, ValueInLand
      • Acres:0.79
      • Square Feet:4000
      • Property type:Purchase
      • Year built:2023
      • Sewer information:SepticTypeUnknown
      • County:Riverside
      • Original List Price:$1, 049, 000
      • MLS #:24390859
      • Cost:899000
      • Property subtype:SingleFamilyResidence
      • MLS #:24390859

Location

The Alcantara GroupReal Estate Group
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Down Payment

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10.0%

Interest Rate

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6.0%

Tax Rate

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2.6%
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Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.

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