Updated Sep 5, 2024
John Wayne's Former Ranch In Southern California Sold For $11.25M
43000 Stanley Rd Hemet, CA 92544, USA
$11,250,000
$3,750/SF
Building Size
3,000 SF
Asset Type
Land
Closing
May 26, 2023
About this deal
AI
Actor John Wayne's former ranch in Southern California, known as Rancho Pavoreal, has been sold for $11.25 million. The 2,000-acre property, located in Sage, boasts a three-bedroom home, horse trails, a barn, a three-car garage, and three wells, making it an ideal location for equestrian use or a cattle ranch.
Summary of transaction details
- Property Type: Land
- Transaction Amount: $11,250,000
- Address: 43000 Stanley Road, Hemet
- Market: Hemet
- Acres: 2,000
The sale of Rancho Pavoreal was facilitated by Tatiana Novick from Coldwell Banker Realty. The deal includes a three-bedroom home, horse trails, a barn, a three-car garage, and three wells. The property's size of 2,000 acres makes it suitable for equestrian use or a cattle ranch.
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.41%
Cash-on-Cash
-0.40%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93