$575,000
●
House -
In Contract
31317 Corderro Ln
Menifee, CA 92584
4 Beds
3 Baths
2,374 Ft²
$2,849
Est. Monthly
$25
HOA / Fees
About This Property
Welcome to this beautifully maintained 4-bedroom, 3-bathroom
two-story home in one of Menifee's most desirable neighborhoods.
Offering a spacious and versatile floor plan, the home features
multiple living areas, an open-concept kitchen with rich cabinetry,
stainless steel appliances, center island, and ample storage and a
3-car garage with an additional drive-through garage door to the
backyard. The private, low-maintenance backyard offers mature
landscaping. Conveniently located near schools, parks,
shopping, dining, and commuter access, this well-cared-for home
offers comfort, flexibility, and excellent everyday living.
Unit Size
2,374 Ft²
Days on Market
-
Land Size
0.23 acres
Price per sqft
$242
Property Type
House
Property Taxes
-
HOA Dues
$25
Year Built
2003
Listed By
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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 months ago (CRMLS #SW26176346)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 29, 2026 | In contract | - | |
| In contract | |||
| Sep 23, 2026 | Relisted | $575,000 | |
| Relisted | |||
| Sep 16, 2026 | In contract | - | |
| In contract | |||
| Sep 5, 2026 | Price Decreased |
$575,000
↓ $24K
(4%) | |
| Price Decreased | |||
| Aug 7, 2026 | Listed by SimpliHOM | $599,000 | |
| Listed by SimpliHOM | |||
Property Highlights
Garage
Air Conditioning
Fireplace
Parking Details
Has Garage
Attached Garage
Garage Spaces: 3
Interior Details
Full Bathrooms: 3
Interior Features: BedroomOnMainLevel
Appliances: Gas Cooktop, Gas Oven, Gas Range
Laundry Features: Laundry Room
Fireplace Features: None
Exterior Details
Square Footage: 2374
Square Footage Source: $0
Year Built Source: Assessor
Year Built: 2003
Levels: Two
Pool Features: None
Lot Features: Back Yard, Front Yard
Lot Size Area: 10019
Lot Size Units: Square Feet
Lot Size Acres: 0.23
Lot Size Square Feet: 10019
Tax Lot: 69
Water Source: Public
Utilities Details
Cooling Type: Central Air
Heating Type: Central
Sewer : Public Sewer
Location Details
HOA/Condo/Coop Amenities: Playground
HOA Fee: $25
HOA Fee Frequency: Monthly
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
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HOA + Taxes
About Menifee
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Listed by: Justin Bringas, SimpliHOM
Last Updated: 2 months ago
Data Source: CRMLS, MLS# SW26176346
Last Updated: 2 months ago
Data Source: CRMLS, MLS# SW26176346
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