24890 Mendoza 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 |
|---|---|---|---|
| Apr 10, 2025 | Sold | ||
| Sold | |||
| Mar 20, 2025 | Listed by Localist Realty | $1,000,000 | |
| Listed by Localist Realty | |||
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This property is a testament to the allure of Southern California living, combining rural charm with modern amenities & convenience. Boasting 3 bedrooms, plus a 3rd story loft & 2.5 bathrooms, encompassing 2,507 square feet of living space. On the 1st floor you will find an inviting family room, cozy dining area, an updated kitchen equipped with concrete countertops, a commercial-grade Wolf range, a walk-in pantry, & Views! Completing downstairs is the master suite, with 2 large walk-in closets, dual sinks, walk-in shower & jetted tub with a view of the hillside; off the back of the master bedroom is a slider connecting to the secluded covered patio with views of the property & beyond. The 2nd floor is accessible from either the interior staircase or exterior staircase & balcony entrance. Once inside you will find a 2nd family room area with a potbelly stove, 2 story ceilings & a large covered balcony with scenic views. There are 2 additional guest bedrooms & a full bath with shower in tub. The metal spiral staircase leads to the 3rd floor loft space, that could serve as a 4th bedroom, home office, library or a reclusive sanctuary. Set on nearly 5 acres that are fully fenced & only accessible by an automated gate, the property is adorned with citrus & avocado trees, wax myrtle, baby eucalyptus & a fishpond. At the front of the home is an expansive outdoor deck, a built-in kitchen area with sink, providing a perfect spot for entertaining & relaxing. The privacy, peacefulness & views will leave you speechless as you admire your surroundings. De Luz is a private & secluded luxury community located on the Santa Rosa Plateau, just West of the City of Temecula, off Rancho California Road & approximately 10 minutes from downtown Temecula & the 15 freeway. Less than 20 miles from the Pacific Ocean, this area benefits from a cooler climate & a wonderful ocean breeze sweeps through the valleys. A short drive away, Old Town Temecula is rich in history & charm, featuring preserved historic buildings, antique shops & a variety of dining options & nightlife. Located near Temecula's renowned wine country, home to numerous award-winning wineries & vineyards. Residents can enjoy wine tasting tours, picturesque views, & fine dining experiences amidst the rolling vineyards. More than just a residence; this property serves as an invitation to experience the best of Temecula's lifestyle - where rural tranquility meets modern convenience, & natural beauty is at your doorstep.
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| Aug 19, 2020 | Sold | ||
| Sold | |||
| Jun 25, 2020 | Listed by RE/MAX Connections | $735,000 | |
| Listed by RE/MAX Connections | |||
| Aug 24, 2019 | No longer available | - | |
| No longer available | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017