$449,500
●
House -
Off Market
21950 Lemon Street
Wildomar, CA 92595
3 Beds
2 Baths,
1
Half Bath
977 Ft²
$2,087
Est. Monthly
About This Property
Check out this 1945 hidden gem on Lemon Street in Wildomar, built
at the beginning of the midcentury design era. Tons of
potential. There is a main house with 2 bedrooms and 1 bath.
Also a kitchen with all appliances, a living room, laundry
room, a closed in patio and a screened in patio. This home
has a cool front porch, lots of trees and foliage and a large
22,000 sf lot. And, wait for it, a detached garage with a
living quarters above and a half bath down below. The
backyard has a walk-in aviary and 3 separate animal pens for your
horses, goats or whatever. With no HOA here, you can store
your vehicles, trailers, boats, work vehicles, some equipment or
whatever. The homes needs some TLC but has fantastic bones
and huge potential. Lots of interest so don't delay!
Unit Size
977 Ft²
Days on Market
41 days
Land Size
0.54 acres
Price per sqft
$435
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1945
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Cap Rate
100% Occupancy
N/A (extreme outlier) 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.
Last updated: 2 years ago (CRMLS #SW24204443)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Nov 20, 2024 | Sold | ||
| Sold | |||
| Oct 22, 2024 | In contract | - | |
| In contract | |||
| Oct 1, 2024 | Listed by RedRock | $425,000 | |
| Listed by RedRock | |||
Property Highlights
Garage
Air Conditioning
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Wildomar
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Currently no similar homes aroundNearby Rentals
Listed by: John Goga, RedRock
Last Updated: 2 years ago
Data Source: CRMLS, MLS# SW24204443
Last Updated: 2 years ago
Data Source: CRMLS, MLS# SW24204443
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