25285 Bundy Canyon Road
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 |
|---|---|---|---|
| Nov 4, 2024 | Sold | ||
| Sold | |||
| Oct 6, 2024 | In contract | - | |
| In contract | |||
| Oct 5, 2024 | No longer available | - | |
| No longer available | |||
| Sep 19, 2024 | Price Decreased |
$675,000
↓ $74K
(9.9%) | |
| Price Decreased | |||
| Jul 23, 2024 | Listed by AARE | $749,000 | |
| Listed by AARE | |||
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The dream of living a country lifestyle near all the conveniences of Menifee becomes reality here! With over 3000 sq. ft. of living space on 2.5 acres, and breathtaking unobstructed valley and mountain views, this property is truly one of a kind. Great opportunity to create a family compound or generate rental income. Or both.
The welcoming main residence is an inviting 1826 sq. ft. manufactured home on permanent foundation featuring 3 bedrooms, 2 bathrooms, spacious bonus room, practical built-ins, and laundry room with storage. There is a large detached two-car garage. Nearby, but not too near, is a brand-new permitted 1244 sq. ft. Accessory Dwelling Unit (ADU), finished and fully approved in 2024. It's a quaint steel-frame, barn-style residence boasting one bedroom and 2 bathrooms with an attached one-car garage complete with two sizable windows. The seller enclosed the car-access door and installed the same lovely, neutral LVP flooring found in the rest of the interior, making it easy to use that approximately 300 sq. ft. as additional living space to suit your desires: Extra bedroom? Two extra bedrooms? Recreation room? Art studio? You get to decide!
Other notable features include PAID SOLAR panels on the ADU for reduced electricity costs and sustainable energy usage. Close to freeways, shopping, restaurants, entertainment, hospitals, Wine Country and all the Temecula Valley has to offer.
Don't miss this opportunity to embrace the country lifestyle in the suburbs. Contact us today to arrange a tour and explore the myriad possibilities!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017