$350,000
●
Mobile Manufactured -
Off Market
27425 Cataluna Circle
Menifee, CA 92585
2 Beds
2 Baths
1,344 Ft²
$516,333
RealtyHop Estimate
47.52%
Since Jun 1, 2019
National-US
Primary Model
About This Property
Need more elbow room? Always dreamed of having your own workshop or
room for horses? You name it, there is plenty of room for it at
27425 Cataluna Circle!! Welcome to this secluded, completely
fenced(with electric gate) 1.10 acre lot with manufactured home and
2-two story workshop/barns. The first barn(24'x32') has as a
downstairs workshop with a three phase electrical convertor for
high voltage, upstairs is a studio/office with wood laminate
floors, full bathroom, recessed lights, kitchenette area , and
outdoor viewing deck. The second barn(24'x40') lends ample space
for multiple cars, equipment, storage, and includes an unfinished
upstairs loft. Both barns are conveniently pre-plumbed with a 300
gal 3 phase air compressor. The manufactured home is move-in ready
with a nice size living area, large kitchen, dining area, and
indoor laundry room. The entire property is flat and useable while
also including two carports and two large green houses. Come enjoy
the rural lifestyle yet still be close to city conveniences. This
property is a must see!
Unit Size
1,344 Ft²
Days on Market
26 days
Land Size
1.10 acres
Price per sqft
$260
Property Type
Mobile Manufactured
Property Taxes
-
HOA Dues
-
Year Built
1990
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Cap Rate
100% Occupancy
N/A (extreme outlier) 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.
Last updated: 5 months ago (CRMLS #SW19075369)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| May 1, 2019 | Sold | ||
| Sold | |||
| Apr 5, 2019 | Listed by Coldwell Banker Assoc.Brks-CL | $350,000 | |
| Listed by Coldwell Banker Assoc.Brks-CL | |||
Property Highlights
Air Conditioning
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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Type
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Baths
ft²
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Sold On
HOA + Taxes
About Menifee
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Listed by: Jennifer Pacheco, Coldwell Banker Assoc.Brks-CL
Last Updated: 5 months ago
Data Source: CRMLS, MLS# SW19075369
Last Updated: 5 months ago
Data Source: CRMLS, MLS# SW19075369
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