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16 Terreno
About This Property
Gently sloping terrain rises to a natural building pad at the top of the parcel, positioned to capture sunrise and sunset views across the De Luz hills. Below, rows of producing Tango tangerine trees wrap the hillside, providing seedless, easy-to-peel fruit straight from your own grove, with irrigation lines already running throughout. Paved road access, an electric pole, and an installed 1.5" water meter simplify planning for a future custom build, guest house, or expanded agriculture.
The land has been farmed chemical-free for over 4 years, which may make it eligible for the NRCS Environmental Quality Incentives Program (buyers must verify eligibility and details directly with the NRCS). It is also eligible for the Rancho California Water District's CropSWAP Program, which offers potential financial and technical assistance (buyers must verify details directly with RCWD).
De Luz offers the quiet, open-space lifestyle that draws buyers to Southwest Riverside County, with winding country roads, horse properties, hillside groves, and wide-open skies. Yet you're only 15 minutes from Downtown Temecula, shopping centers, and Costco, and a 5-minute drive from Cross Creek Golf Club. Spend weekends at Temecula Wine Country wineries along Rancho California Road, dining and shopping in Old Town, or hiking the nearby Santa Rosa Plateau, then come home to your own hilltop acreage. Convenient I-15 access connects you to Temecula, Murrieta, Fallbrook, and San Diego County.
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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 |
|---|---|---|---|
| Sep 28, 2026 | Listed by Abundance Real Estate | $389,000 | |
| Listed by Abundance Real Estate | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017