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Listed by David Reid • DAVID REID REAL ESTATE
$650,000
Est. payment /mo
8 Beds
7 Baths
4,000 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Commercial/Residential
Listing Status Active
Purchase Type For Sale
Square Footage 4,000 sqft
Price per Sqft $162
MLS Listing ID CV-26101697
Bedrooms 8
Full Baths 3
Half Baths 4
Year Built 1946
Lot Size 2.220 Acres
Property Sub-Type Commercial/Residential
Source California Regional Multiple Listing Service (CRMLS)
Property Description
41431 Gibbel Road is a rural land holding in Hemet, California, situated within Riverside County's San Jacinto Valley submarket. The property is improved with three distinct, separable structures: a primary 6 bedroom / 4 bathroom residence currently operating as a girls home (group residential use), a secondary 2 bedroom / 1.5 bathroom residence, and a detached office building with 5 office suites.
The combination of rural acreage, multiple residential units, and on-site commercial office space makes this a uniquely flexible asset. It currently generates value as an operating group home with an income-producing residential and office component, but its real upside is in repositioning under the property's existing Commercial Residential (CR) zoning.
Few properties in the submarket offer this mix of residential, commercial, and land components on a single parcel, which makes 41431 Gibbel Road well suited to an owner-user, investor, or developer.
The combination of rural acreage, multiple residential units, and on-site commercial office space makes this a uniquely flexible asset. It currently generates value as an operating group home with an income-producing residential and office component, but its real upside is in repositioning under the property's existing Commercial Residential (CR) zoning.
Few properties in the submarket offer this mix of residential, commercial, and land components on a single parcel, which makes 41431 Gibbel Road well suited to an owner-user, investor, or developer.
Location
State CA
County Riverside
Area Srcar-Southwest Riverside County
Interior
Heating Central
Cooling Central Air
Fireplaces Type Family Room
Laundry Individual Room
Exterior
Pool Private, In Ground
Community Features Rural
View Y/N No
View None
Building
Lot Description Lot Over 40000 Sqft
Sewer None
Others
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