2341 Lake Morena Dr
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 |
|---|---|---|---|
| Jun 8, 2023 | No longer available | - | |
| No longer available | |||
| Apr 8, 2023 | In contract | - | |
| In contract | |||
| Mar 27, 2023 | Listed by eXp Realty of California Inc. | $650,000 | |
| Listed by eXp Realty of California Inc. | |||
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Built in 2009 this 3Bed/2.5Bath 2500+ Sqft home sits on over 2 acres of flat and usable park-like land. Lots of shade from the mature trees and a large bounty of fruit, complete with a garden. The property is already fully fenced. Owned solar panels provide electric to the home and a productive well supplies the water. It has Central AC/Heat, and a tankless water heater with whole house 5K water treatment system. Dual pane windows throughout, with a spacious living room, family room, and dining room. It has a very large master bedroom with a Jacuzzi and walk-in closet. The upgraded kitchen comes with granite countertops, wood cabinets, large pantry, and a large sliding patio door leading out to a private and peaceful space. The location gives you a quiet country feel but is easily accessed on county roads. The long gravel driveway and concrete parking provides so much space for your RV, toys, or to build an ADU. The manager has listed the unit size as 2553 square feet.
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| May 13, 2019 | Sold | ||
| Sold | |||
| Aug 17, 2018 | Listed by Big Block Realty, Inc | $480,000 | |
| Listed by Big Block Realty, Inc | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017