$700,000
●
House -
Off Market
29410 Watson
Menifee, CA 92585
3 Beds
2 Baths
1,647 Ft²
$3,438
Est. Monthly
About This Property
Beautifully updated turnkey LIFESTYLE RANCH on over an acre of
pristine land with desirable paved road access! This 3BR/2BA home
features a freshly painted interior and brand-new luxury vinyl
plank flooring throughout. The heart of the home is a spacious
living room showcasing a gorgeous wooden beamed ceiling and cozy
stone fireplace. A modernized kitchen boasts premium solid-surface
countertops and bright recessed lighting, while bathrooms feature
elegant quartz finishes. An attached, enclosed patio room with a
closet offers incredible flexibility as a home office, gym, or
bonus room. Relax on the covered porch overlooking mature palm,
orange, and pepper trees. Outdoors is an absolute dream for
hobbyists, contractors, or car enthusiasts! Beyond the 2-car
attached garage, a massive detached double garage provides 4
additional parking spaces, complemented by 2 included shipping
containers for unparalleled extra storage. Truly a rare find!
Unit Size
1,647 Ft²
Days on Market
44 days
Land Size
1.01 acres
Price per sqft
$425
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1980
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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: 26 days ago (CRMLS #OC26103879)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 24, 2026 | Sold | ||
| Sold | |||
| Aug 28, 2026 | In contract | - | |
| In contract | |||
| Jul 21, 2026 | Listed by HomeSmart, Evergreen Realty | $700,000 | |
| Listed by HomeSmart, Evergreen Realty | |||
Property Highlights
Garage
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
Beds
Baths
ft²
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Listed On
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Closing Price
Sold On
Sold On
HOA + Taxes
About Menifee
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Listed by: Suzanne Gignoux, HomeSmart, Evergreen Realty
Last Updated: 26 days ago
Data Source: CRMLS, MLS# OC26103879
Last Updated: 26 days ago
Data Source: CRMLS, MLS# OC26103879
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