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29406 Warm Creek
About This Property
Recent improvements include luxury plank flooring, fresh interior paint, updated plumbing and lighting fixtures, and plantation shutters throughout. The spacious kitchen is appointed with quartz countertops, a center island, stainless steel appliances, a Kraus farmhouse sink, designer tile backsplash, breakfast bar seating, and a walk-in pantry with a frosted glass door. The open living area features vaulted ceilings, abundant natural light, and a custom built-in media and buffet wall complete with an electric fireplace and wine refrigerator.
The oversized backyard offers endless possibilities with ample space for a pool, garden, or outdoor entertaining area, while newer vinyl fencing provides added privacy and low-maintenance living.
The Oasis offers resort-style amenities, with the HOA including front yard landscaping, front yard water, and trash service. Conveniently located near shopping, restaurants, medical facilities, freeway access, and just minutes from Temecula Wine Country. Enjoy low property taxes and no Mello-Roos in one of Menifee's premier active adult communities.
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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 |
|---|---|---|---|
| Sep 27, 2026 | Price Decreased |
$579,500
↓ $16K
(2.6%) | |
| Price Decreased | |||
| Jul 30, 2026 | Listed by Christie's Southern California | $595,000 | |
| Listed by Christie's Southern California | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017