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0 Beverly
About This Property
Check out this beautiful 1.22 acre view lot on a paved road with utilities in the street overlooking western Menifee, Audie Murphy Ranch and Canyon Lake! Located just minutes from shopping and freeways, this gentle slopping parcel faces south and features very lovely views of the surrounding communities, foothills and mountains. Power crosses the front of the property and district water is available in Beverly Road. It is unknown if sewer is available nearby. The slope levels out a bit near the midpoint of the property on the western side which should make for a very nice pad location for your custom home. Property has chain link fencing already on the northern and western property lines. The parcel the east appears to have been survey'd recently so you can easily identify the property corners from the street. Contact listing agent with any questions. PROPERTY IS LOCATED TO THE RIGHT OF THE HOUSE AT 24180 BEVERLY.
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jun 20, 2026 | Price Decreased |
$94,900
↓ $3K
(2.7%) | |
| Price Decreased | |||
| May 10, 2026 | Listed by McDermott Realty Group | $97,500 | |
| Listed by McDermott Realty Group | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017