18345 Walnut Avenue
About This Property
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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%.
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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 |
|---|---|---|---|
| Jul 18, 2025 | Sold | ||
| Sold | |||
| Jun 3, 2025 | In contract | - | |
| In contract | |||
| Apr 24, 2025 | Price Decreased |
$394,000
↓ $5K
(1.3%) | |
| Price Decreased | |||
| Nov 26, 2024 | Price Decreased |
$399,000
↓ $6K
(1.5%) | |
| Price Decreased | |||
| Nov 4, 2024 | Listed by Berkshire Hathaway Homeservices California Realty | $405,000 | |
| Listed by Berkshire Hathaway Homeservices California Realty | |||
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MOVE IN READY!! 2007 YEAR BUILT HOME. New Roof!! Welcome to this charming single-level home. It offers the perfect blend of comfort and convenience. Boasting 1,172 square feet of thoughtfully designed living space, this residence features 3 well-appointed bedrooms, all located on the main floor, making it ideal for families, while the living room provides a welcoming space for relaxation and gatherings. Modern amenities include central heating and cooling, ensuring year-round comfort. The home's laundry room adds practical convenience, making daily chores a breeze. Situated on a 3,920-square-foot lot, the property promises easy maintenance with no common walls, offering privacy and the feeling of a stand-alone home. Families will appreciate the home's proximity to schools, including Earl Warren Elementary School, Elsinore Middle School and Temescal Canyon High School. This home maintains a clean and functional design that caters to modern needs. Don't miss the opportunity to make this beautiful home your own.
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About North Central Lake Elsinore
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017