$460,000
●
Condo -
Off Market
29487 Cara Way
Temecula, CA 92591
3 Beds
2 Baths
1,311 Ft²
$2,754
Est. Monthly
$495
HOA / Fees
6.53%
Cap Rate
About This Property
Welcome to this bright and charming 3 bed, 2.5 bath townhome
perfectly situated in the vibrant heart of Temecula! Enjoy a
spacious open-concept layout with tons of natural light tile
flooring throughout the bottom level. The kitchen features sleek
granite countertops, stainless steel appliances, plenty of storage,
and a breakfast bar that connects seamlessly to the dining and
living areas-ideal for gatherings. Also a new water heater!
Relax on your oversized front patio or take advantage of
full-size in-unit laundry. The home includes both a 1-car attached
and 1-car detached garage. Located in a gated community loaded with
amenities-pool, spa, tennis and racquetball courts, plus an
exercise room. You'll love the easy access to I-15/I-215, nearby
parks, golf, hiking, shopping, award-winning schools, and
Temecula's renowned wineries.
Unit Size
1,311 Ft²
Days on Market
22 days
Land Size
-
Price per sqft
$351
Property Type
Condo
Property Taxes
-
HOA Dues
$495
Year Built
1990
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Cap Rate Calculator
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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: 2 years ago (SDMLS #PTP2506185)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 5, 2025 | Sold | ||
| Sold | |||
| Aug 24, 2025 | In contract | - | |
| In contract | |||
| Aug 13, 2025 | Listed by Team Z Realty | $460,000 | |
| Listed by Team Z Realty | |||
Property Highlights
Garage
Air Conditioning
Fireplace
Parking Details
Has Garage
Attached Garage
Parking Features: Garage
Garage Spaces: 2
Interior Details
Full Bathrooms: 2
Interior Features: AllBedroomsUp
Laundry Features: Laundry Closet
Has Fireplace
Fireplace Features: Family Room
Exterior Details
Has Property Attached
Square Footage: 1311
Square Footage Source: $0
Year Built Source: Assessor
Year Built: 1990
Levels: Multi/Split
Pool Features: Community, Association
Lot Size Area: 0.09
Lot Size Units: Square Feet
Lot Size Square Feet: 0.09
Financial Details
Lease Considered: Yes
Utilities Details
Cooling Type: Central Air
Location Details
HOA/Condo/Coop Amenities: Pool
HOA Fee: $495
HOA Fee Frequency: Monthly
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
08/13/2025
| |
3 Bed
|
2 Bath
|
1311 ft²
|
$460,000
3 Bed
2 Bath
1311 ft²
|
$460,000
09/05/2025
|
Cameron/C.J. Yu
Team Z Realty
|
|
03/06/2022
| |
3 Bed
|
3 Bath
|
1311 ft²
|
$419,900
3 Bed
3 Bath
1311 ft²
|
-
-
|
Nicole Holbrook
Performance Estates & Homes
|
Building Info
About Temecula
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Listed by: Cameron/C.J. Yu, Team Z Realty
Last Updated: 2 years ago
Data Source: CRMLS, MLS# PTP2506185
Last Updated: 2 years ago
Data Source: CRMLS, MLS# PTP2506185
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