23762 Cypress Place
About This Property
Build your dream home or investment property on this flat, fenced land located in the desirable Quail Valley area of Menifee. Nestled on a paved street and surrounded by neighbors, this property offers convenience and tranquility in equal measure. Boasting a septic system and utilities already available in the street, this parcel is ready for development. (There's a moratorium at the moment, city project to install public sewer. Buyers to verify permits with the city).
Situated just 5 minutes away from Quail Valley Elementary School, this location is perfect for families seeking a peaceful community with educational facilities nearby. With easy access to Goetz Rd. and Newport Rd., as well as being only 15 minutes from Perris, this land offers a blend of suburban serenity and urban convenience.
Don't miss out on this fantastic investment opportunity in Menifee's Quail Valley area. Call us today!
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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 |
|---|---|---|---|
| Mar 7, 2025 | Sold | ||
| Sold | |||
| Jan 10, 2025 | Listed by BERKSHIRE HATHAWAY HOMESERVICES CALIFORNIA REALTY | $48,000 | |
| Listed by BERKSHIRE HATHAWAY HOMESERVICES CALIFORNIA REALTY | |||
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About Quail Valley
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
$3,000 /mo
- 2 Beds
- 1 Bath
- 1,000 ft²
$7,000 /mo
- 4 Beds
- 3 Baths
- 3,277 ft²
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017