361 Spur, Norco, California 92860, Norco, 92860 - 4 bed, 2 bath

361 Spur, Norco, California 92860 home-pic-0
ACTIVE$2,199,000
361 Spur, Norco, California 92860
4Beds
2Baths
1,984Sqft
81,893Lot
Year Built
2000
Close
-
List price
$2.2M
Original List price
$2.2M
Price/Sqft
$1,108
HOA
-
Days on market
-
Sold On
-
MLS number
IV25236379
Home ConditionGood
Features
Good View: Hills
Pool
Patio
ViewHills

About this home

We found 3 Cons,6 Pros. Rank: price - $2.20M(97th), sqft - 1984(50th), beds - 4(50th), baths - 2(50th).

**Income Opportunity – Own Your Own Horse Boarding Facility!** This exceptional ranch is the perfect investment for homeowners seeking to offset their mortgage. It is tailored for professional trainers, competitive riders, and serious equestrian enthusiasts.The stunning 1,984 sq. ft. ranch home, built in 2001, sits on 1.88 acres and features 4 bedrooms and 2 bathrooms. Highlights of the home include vaulted ceilings, hardwood flooring throughout, recessed lighting, and a big open kitchen equipped with double convection ovens. The home also has a separate dining room and a spacious family room with a charming brick fireplace. Enjoy the large country porch overlooking the ranch and relax in the sparkling swimming pool. This property includes paid-off solar panels, a tankless water heater, and a newer AC unit. Additionally, part of the garage has been converted into an approximately 450 sq. ft. studio apartment with a full bath and walk-in closet (permits unknown), making it ideal for rental purposes or accommodation for a ranch hand.The ranch currently has an established client base for its lesson program, offering approximately 60-80 lessons per week and accommodating 12 current boarders. It features an expansive 100' x 75' fully lit arena with sprinklers, perfect for various riding disciplines. There is also a second arena measuring 70' x 90', which is equipped with lights and sprinklers, as well as an outdoor covered patio that overlooks the arena.The facility includes 22 stalls measuring 16' x 16', complete with a fly spray system and aisleway fans, along with 3 additional stalls measuring 14' x 14'. Other amenities include a hay and shaving bay, four cement crossties (two fully covered), and one wash rack with hot water hookups at the crossties, along with an outdoor washing machine. An outdoor bathroom provides easy access. Additionally, there is a large tool shed, 22 tack lockers for boarders, and two larger private tack rooms or offices. Ample parking for boarders is also available, including RV parking with a sewer clean-out and 50-amp service, as well as trailer parking, a private driveway, and an electric keypad gate for entry. An alarm system with cameras is installed throughout the property. This property must be seen to be fully appreciated!

Price History

Date
Event
Price
10/13/25
Listing
$2,199,000
Condition Rating
Good

Built in 2001, this property is move-in ready with several significant updates. The home features hardwood flooring throughout, recessed lighting, and a spacious kitchen equipped with double convection ovens, which is a desirable feature. While the main kitchen's cabinet style and backsplash appear to be from an earlier era (likely original or an older renovation), they are clean and functional. The main bathroom also appears well-maintained with a decent vanity. Crucially, major systems have been updated with paid-off solar panels, a tankless water heater, and a newer AC unit, indicating good maintenance and efficiency. The converted studio apartment boasts a more modern kitchenette. Overall, the property shows minimal wear and tear and does not require immediate renovations, aligning with a 'Good' condition score.
Pros & Cons

Pros

High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 81893, living area = 1984.
Significant Income Potential: The property offers a robust income stream with an established horse boarding and lesson program (60-80 lessons/week, 12 boarders) and a converted studio apartment, providing excellent mortgage offset opportunities.
Comprehensive Equestrian Facilities: Features two large, lit arenas with sprinklers, 25 well-equipped stalls (with fly spray system and fans), multiple crossties, a hot water wash rack, and dedicated hay/shaving bays, making it a turn-key operation for serious equestrians.
Modern & Energy-Efficient Home: The 2001-built home boasts modern amenities including vaulted ceilings, hardwood flooring, a spacious kitchen with double convection ovens, a swimming pool, and significant energy upgrades like paid-off solar panels, a tankless water heater, and a newer AC unit.
Enhanced Security & Privacy: Equipped with an electric keypad gate, private driveway, and an alarm system with cameras throughout, ensuring a secure and private environment for both residents and the equestrian business.
Expansive & Functional Acreage: The generous 1.88-acre lot is thoughtfully laid out to accommodate extensive equestrian facilities, ample parking (including RV with hookups), and the main residence, maximizing its utility for its intended purpose.

Cons

Unpermitted Studio Apartment: The converted garage studio apartment's 'permits unknown' status presents a potential legal and financial risk, possibly requiring costly remediation or impacting future resale value.
Niche Market Appeal: The highly specialized nature as a full-scale horse boarding facility significantly narrows the potential buyer pool, which could lead to a longer market time compared to a general residential property.
High Operating & Maintenance Costs: A property of this scale with extensive equestrian infrastructure, multiple systems (fly spray, sprinklers, RV hookups), and a swimming pool will incur substantial ongoing maintenance, utility, and operational expenses.

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