$1,220,000
8418 Lourenco Lane, Eastvale, CA 92880
Current Rent **
$9,750
Projected Rent **
$10,000+
Estimated Rent †
Estimated Rent Confidence ‡
Low
High End Mid-Term Rental For Sale
This Investment Rental Property located in Eastvale, CA was created in 2015 for traveling professionals. This Property formally is a SFR with a Junior ADU (7 Bedrooms, 4 Baths) The property offers the following: The RUNAWAY BAY-PRIMARY SUITE: Fully Furnished Large Bedroom, CA King Size Bed, Dresser, Nightstands, Ceiling Fan, Living Room, Love Seat, Oversized Chair, Side Tables, 85” Smart TV, Overhead Fan, Kitchenette area, Washer & Dryer, Garage Parking. Amenities Include: BOSE Surround Sound System, 80" SMART TV* (Entertainment Package Includes - Direct Stream, Netflix) CITY PERMITTED ADU - THE GOLDEN EYE: INCLUDES: Furnished Studio format : Queen Size Bed , 1 Full Bath, Kitchen Area, Reach in Closet, Washer Dryer, Ceiling Fan, Garage Parking. Amenities Include: 65" Smart TV, 20” Smart TV (Entertainment Package Includes - Direct Stream, Netflix) Main floor: THE KINGSTON 2 Bedroom Unit Fully Furnished: 1 Queen Size Bed, 1 Full Size Bed, 1 Full Bath, Ceiling Fans, Closet. Amenities Include: 50” and 55" SMART TV *, (Entertainment Package Includes -Max/Paramount Plus ), THE BOB MARLEY: 3 Fully Furnished Bedroom Unit: 2 Queen Size Beds, 1 Full Size Bed, Dressers, Pub Chairs, Closet, Ceiling Fans. Amenities Include: 50”and two 60” Smart TV (Entertainment Package Includes - HBO Max + Paramount+) There are very few homes available that can provide so many options to any buyer. Option# 1 Continue using residence as a rental property which was created for professional individuals who care about where they lay their head. Option #2 This home can be used as a Multi-Generational Dwelling. Option # 3 This home can be used as a standard SFR dwelling as it was intended. This residence produces a staggering $11,000 monthly income. This business is registered with the City of Eastvale. This owner has spent over $200k on renovations & improvements to make this home a reality!
MLS Link: https://matrix.crmls.org/matrix/shared/7TSHm6N8LkJd/8418LourencoLane
Offering Memorandum: https://drive.google.com/file/d/1fwB6PKOuSCj95h0faCZuBLYPnb36U1OB/view?usp=drive_link
Location:
8418 Lourenco Lane, Eastvale, CA 92880
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* The cap rate and cash on cash return calculations found on BiggerPockets Listings are estimated and designed to be used for informational and educational purposes only, and when used alone, do not constitute investment advice. They assume 3 months worth of expenses and estimate taxes and insurance. BiggerPockets recommends that you seek the advice of a real estate professional before making any type of investment. The results presented may not reflect the actual return of your own investments. BiggerPockets is not responsible for the consequences of any decisions or actions taken in reliance upon or as a result of the information provided by these tools. Furthermore, BiggerPockets is not responsible for any human or mechanical errors or omissions.
** Current rent and projected rent are provided by the lister.
† Rental comps are pulled by looking at property characteristics (beds, baths, structure type), date the rent listing was captured, and proximity to the searched location.
‡ Confidence levels range from low to very high. Confidence is determined by the number of recent and relevant comparable properties for any given search. A very high confidence level indicates a high number of recent and similar rental listings.
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