Tremendous potential awaits with this 18.44-acre property in Cherry Valley, conveniently located near Beaumont High School. This unique opportunity includes 3 parcels, each with separate utilities, and features 2 residences along with a third building that requires extensive repairs. While the current property use is residential, the zoning is commercial, providing endless possibilities for development. Extensive research has already been conducted into potential uses for these parcels, with additional information available by contacting the listing agent. The additional parcel APN's are 405-230-002 and 405-230-010, and all parcels are to be sold together. Don’t miss this rare chance to invest in a property with boundless potential!
Sold for $2,400,000
Listed by: COLDWELL BANKER KIVETT-TEETERS • ALICIA POWELL • Contact: 951-845-5520
Bought with: COLDWELL BANKER KIVETT-TEETERS
$2,400,000
38692 Brookside Ave, Cherry Valley, CA 92223
9beds
4,127sqft
Mixed Use
Built in 1962
16.68 Acres Lot
$1,858,300 Zestimate®
$582/sqft
$3,983 Estimated rent
Home value
$1,858,300
$1.52M - $2.23M
$3,983/mo
Zestimate® history
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Zillow last checked:
Listing updated:
Listed by:
ALICIA POWELL DRE #01730086 951-392-0785,
COLDWELL BANKER KIVETT-TEETERS,
LINDA PIPPENGER DRE #00986575,
COLDWELL BANKER KIVETT-TEETERS
Bought with:
ALICIA POWELL, DRE #01730086
COLDWELL BANKER KIVETT-TEETERS
Source: CRMLS,MLS#: EV21046702
Originating MLS: California Regional MLS
Originating MLS: California Regional MLSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 9
- Bathrooms: 4
- Full bathrooms: 4
- Main level bathrooms: 1
- Main level bedrooms: 2
Rooms
- Room types: Bedroom
Bedroom
- Features: All Bedrooms Down
Heating
- Central
Cooling
- None
Appliances
- Laundry: None
Features
- All Bedrooms Down
- Has fireplace: No
- Fireplace features: None
- Common walls with other units/homes: No Common Walls
Interior area
- Total interior livable area: 4,127 sqft
Property
Features
- Levels: One
- Stories: 1
- Pool features: None
- Has view: Yes
- View description: Mountain(s)
Lot
- Size: 16.68 Acres
- Features: Irregular Lot, Lot Over 40000 Sqft
Details
- Additional parcels included: 405230002, 405230010
- Parcel number: 405230006
- Zoning: A-1-1
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Mixed Use
Condition
- New construction: No
- Year built: 1962
Utilities & green energy
- Sewer: Septic Type Unknown
- Water: Public
Community & HOA
Community
- Features: Foothills, Rural
Location
- Region: Cherry Valley
Financial & listing details
- Price per square foot: $582/sqft
- Tax assessed value: $2,125,000
- Annual tax amount: $27,607
- Date on market: 3/5/2021
- Cumulative days on market: 464 days
- Listing terms: Cash,Cash to New Loan,Submit
Price history
| Date | Event | Price |
|---|---|---|
| 12/31/2024 | Sold | $2,400,000+6.7%$582/sqft |
Source:  CRMLS #EV21046702 Report a problem | ||
| 9/10/2021 | Listing removed | -- |
Source: CRMLS #EV21046702 Report a problem | ||
| 4/30/2021 | Listed for sale | $2,250,000+157.1%$545/sqft |
Source: CRMLS #EV21046702 Report a problem | ||
| 4/22/2005 | Sold | $875,000$212/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $27,607 +146.6% | $2,125,000 +147.7% |
| 2024 | $11,196 +3.5% | $858,000 +6% |
| 2023 | $10,821 +7.2% | $809,780 +10% |
| 2022 | $10,096 +20.8% | $736,163 +18% |
| 2021 | $8,358 +11.9% | $623,867 +12% |
| 2020 | $7,471 +2.6% | $557,024 +3% |
| 2019 | $7,284 +2.3% | $540,800 +4% |
| 2018 | $7,118 +7.6% | $520,000 +8.1% |
| 2017 | $6,616 | $481,000 +14% |
| 2016 | $6,616 +39.8% | $422,000 +22% |
| 2015 | $4,734 +3.9% | $346,000 +6.1% |
| 2014 | $4,555 | $326,000 +3.2% |
| 2013 | -- | $316,000 |
| 2012 | -- | $316,000 -11% |
| 2011 | -- | $355,000 +8.9% |
| 2010 | -- | $326,000 +11.3% |
| 2009 | -- | $293,000 -68.4% |
| 2008 | -- | $928,556 +2% |
| 2007 | -- | $910,350 +2% |
| 2006 | -- | $892,500 +156.3% |
| 2005 | -- | $348,244 +36.6% |
| 2003 | -- | $255,000 |
| 2002 | -- | $255,000 +6.3% |
| 2001 | $2,817 +4.4% | $240,000 +4.3% |
| 2000 | $2,699 | $230,000 |
Find assessor info on the county website
Neighborhood: 92223
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Nearby schools
GreatSchools rating
- 9/10Brookside Elementary SchoolGrades: K-5Distance: 0.2 mi
- 4/10Mountain View Middle SchoolGrades: 6-8Distance: 0.7 mi
- 7/10Beaumont Senior High SchoolGrades: 9-12Distance: 0.4 mi
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Estimated market value
$1,858,300
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$1,858,300
- California
- Riverside County
- Beaumont
- 92223
- 38692 Brookside Ave
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