24420 MATTESON Road
About This Property
Minutes from the Civic Center Town Square, Fire Department, Police Department, and Murrieta Library. A short walk to the quaint Historic Downtown Murrieta shops and fine dining restaurants. This property has a myriad of possibilities, just shy of one full acre. This GEM of the Valley is only blocks from the VILLAGE WALK Shopping Center with Bed, Bath, Beyond, across the street from Home Depot, Kohls, and more restaurants too numerous to list.
The property has a 1975 mobile-home 720 Sq. Ft. currently active with month-to-month-tenancy, income producing, during the Planning, Building, and Entitlement period. If you are looking for the best INVESTMENT in a growing area, where opportunity awaits, it is worth the time to study this gem and it's surrounding commercial possibilities. Please verify and refer to City of Murrieta Planning Dept. for CC Zoning criteria.
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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.
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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 10, 2025 | Relisted | $577,000 | |
| Relisted | |||
| Dec 2, 2024 | No longer available | - | |
| No longer available | |||
| Oct 23, 2024 | Relisted | $577,000 | |
| Relisted | |||
| Sep 22, 2024 | No longer available | - | |
| No longer available | |||
| Nov 9, 2021 | Listed by United Community Realty, Inc | $577,000 | |
| Listed by United Community Realty, Inc | |||
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About Murrieta
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017