31135 Murrieta Road
About This Property
Upon arrival, you'll notice the home is set back from the road, providing extra privacy and curb appeal. The front yard is beautifully landscaped with low-maintenance artificial turf, complete with efficient drainage, newly added curbing, and a charming walkway. The front is further adorned by palm trees and security lights, with a swing set tucked away for children to enjoy.
The property's large lot offers ample space for future development or expansion, with plenty of room to add additional structures. In the backyard, you'll find a chicken coop and standalone corral, ideal for those looking to expand or customize outdoor spaces to their needs.
Step inside to find a bright, sun-filled home with LED dimmable recessed lighting and ceiling fans throughout, enhanced by new dual-paned windows. The updated ceramic tile planking adds modern style, and new carpet in the bedrooms creates cozy retreats. The living room boasts a beautifully updated fireplace with a custom stone hearth and a wood mantel, providing a cozy gathering spot.
In the kitchen, you'll appreciate granite countertops, stainless steel appliances, and cabinets with new hardware and soft-close hinges. The master bedroom features an ensuite bathroom with a stylish tile surround and stone flooring, offering a spa-like retreat. A convenient feature of the master is the adjoining double doors to the second bedroom, ideal for families with young children needing close supervision.
The detached two-car garage includes a workshop and a laundry room with abundant storage options, separated from the home by a covered patio. Energy-efficient with solar panels, this home helps keep electric bills manageable.
With room for RV storage, potential for an ADU (Accessory Dwelling Unit), or even a barn, this property offers flexibility to fit various lifestyles and needs. This well-cared-for home is a rare find, blending modern comforts with versatile outdoor space in a peaceful, private setting.
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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 |
|---|---|---|---|
| Mar 7, 2025 | Sold | ||
| Sold | |||
| Dec 22, 2024 | In contract | - | |
| In contract | |||
| Nov 7, 2024 | Listed by Real Broker | $599,000 | |
| Listed by Real Broker | |||
| Jul 26, 2022 | No longer available | - | |
| No longer available | |||
| Jul 22, 2022 | Relisted | $617,000 | |
| Relisted | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017