31229 Cherry Drive
About This Property
The open and inviting floor plan features generously sized living areas, a large family room with a cozy fireplace, and a beautifully appointed kitchen with granite countertops, a center island, a wine refrigerator, and abundant cabinet space. Whether hosting friends or enjoying a quiet evening at home, this layout is designed for everyday living. The spacious primary suite is a private retreat with stunning views, dual walk-in closets with custom organizers, and plenty of room to relax. Additional features include a whole-house fan, custom finishes, and a walk-in linen closet.
Step outside to your own private oasis where you will find a sparkling pool and spa, a gazebo with an integrated gas fire feature, a large grassy yard, a dedicated gated side yard garden perfect for a dog run, and multiple spaces to gather while taking in the beautiful hillside views. Gated RV parking adds even more versatility for your recreational vehicles, boat, or extra storage.
Homes that offer this much space, incredible outdoor living, scenic views, **no HOA, and no Mello Roos** are a rare find. Do not miss this outstanding opportunity to make this beautiful Castaic property your next home.
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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 |
|---|---|---|---|
| Oct 24, 2026 | In contract | - | |
| In contract | |||
| Sep 23, 2026 | Relisted | $944,990 | |
| Relisted | |||
| Sep 10, 2026 | In contract | - | |
| In contract | |||
| Aug 18, 2026 | Price Decreased |
$944,990
↓ $40K
(4.1%) | |
| Price Decreased | |||
| Aug 6, 2026 | Price Decreased |
$985,000
↓ $50K
(4.8%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017