232 Loretta Way
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%.
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 |
|---|---|---|---|
| Aug 14, 2025 | Sold | ||
| Sold | |||
| Jul 18, 2025 | In contract | - | |
| In contract | |||
| Jul 7, 2025 | Listed by C&D REAL ESTATE INC. | $650,000 | |
| Listed by C&D REAL ESTATE INC. | |||
| | |||
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Welcome to 232 Loretta Way, a gorgeous turnkey single-story home nestled in one of Calimesa’s most welcoming and established neighborhoods. Built in 2018, this 3 bedroom, 2 bathroom home also includes a dedicated office—perfect for remote work, homework, or creative space. With 2,231 square feet of living space on a spacious 7,405 square foot lot, there’s room for the whole family to spread out and enjoy.
The home features tile flooring throughout the main living areas with cozy carpet in the bedrooms. The updated kitchen opens to a large living and dining space, making it ideal for everyday life and special gatherings alike. Beautiful natural light, custom window shutters, and clean modern finishes make this home both comfortable and stylish.
Outside, you'll find RV parking, an attached 3-car garage, and a fully fenced backyard with durable vinyl fencing and gated access. The private backyard is ready for play, relaxation, and entertaining.
Additional upgrades include a tankless water heater, central HVAC, and a whole-house water filtration system. And with no HOA, you’ll have more freedom to enjoy your home your way.
This home is move-in ready and made for making memories. Come experience all that 232 Loretta Way has to offer—schedule your private showing today!
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| Nov 9, 2018 | Sold | ||
| Sold | |||
| Jun 13, 2018 | Listed by E. WAYNE SIMMONS INC | $449,900 | |
| Listed by E. WAYNE SIMMONS INC | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017