TITLE:
240 Ac-Top of Palomar Mountain San Diego CA with 4 Cabins
CONTROL:
Partner
VALUE:
$4,900,000
LOAN:
$0
EQUITY:
$4,900,000
TYPE:
Ranch
HAVE:
240 Ac 3 parcels(40-80-120)-1320 SF 2bd/2bth on 40 Ac-2500 SF lodge-800 SF Cabin & Two 150 SF cabins 1B/1Bth. 3 Water Wells-Natural Spring with Pond, security gate and newly cemented driveway that cost about 1 million dollar. Exclusive area.
ADDRESS:
34320 Canfield Rd Palomar Mountain CA 92060, Palomar Mountain, California
BENEFITS TO NEW OWNER:
Sell parcels separately-House on 40 Ac-Great resort area-Farming-Hunting-Snow-Biking-gated-Exclusive-Casino at bottom of the mountain. ARBNB opportunity- corporate Resort-2500 SF lodge with Large Room- Kitchen-3.5 bath- 3 storage rooms & laundry room
GROSS SCHEDULED INCOME:
$0
VACANCY LOSS:
$0
GROSS EFFECTIVE INCOME:
$0
EXPENSES:
$25,000
NOI:
$-25,000
DEBT SERVICE:
$0
CASH FLOW:
$-25,000
CAP RATE:
0.00%
BENEFITS SOUGHT:
Move equity- Family is occasionally using the property.
CAN ADD:
1 Million in Cash-
20 Buildable lots in CA- Notes- Ask
REMARKS:
Beautiful Ranch - Owner had improved on the property for personal use- Great potential for Airbnb -Was used for Girl Scout in the past.
COUNSELOR:
George Noor
Norkat Financial Inc.
330 Cessna Circle
Corona, California, 92880
Phone: 909-841-4545
Email george.noor@gmail.com
