$460,160
●
Condo -
Off Market
31363 David Lane
Temecula, CA 92592
2 Beds
2 Baths
1,101 Ft²
$2,593
Est. Monthly
$383
HOA / Fees
5.39%
Cap Rate
About This Property
Welcome to Temecula Creek Village in prime location South Temecula!
2 bdrm 2 bath condo with 1-car garage + 1 covered carport parking
space, in-unit laundry, and balcony. Condo is on the 2nd floor,
once inside is all one level with no steps inside. Both bedrooms
are ample size, one on each end, with the living area in between.
Kitchen opens to living and dining room. All appliances including
fridge, washer, and dryer. Ready to move in! Close to many shopping
and dining spots, as well as the hospital, and easy freeway access
for commuters. Community amenities include pool, spa, gym, sauna,
locker room, indoor racquetball court, clubhouse, outdoor
fireplace, playground, and more.
Unit Size
1,101 Ft²
Days on Market
73 days
Land Size
-
Price per sqft
$409
Property Type
Condo
Property Taxes
-
HOA Dues
$383
Year Built
2005
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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 (CRMLS #SW25075184)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jun 18, 2025 | Sold | ||
| Sold | |||
| May 21, 2025 | In contract | - | |
| In contract | |||
| May 2, 2025 | Price Decreased |
$450,000
↓ $10K
(2.2%) | |
| Price Decreased | |||
| Apr 5, 2025 | Listed by First Team Real Estate | $460,000 | |
| Listed by First Team Real Estate | |||
Property Highlights
Parking Available
Garage
Air Conditioning
Fireplace
Parking Details
Has Garage
Has Carport
Parking Features: Assigned, Carport, Garage, DoorSingle
Garage Spaces: 1
Interior Details
Full Bathrooms: 2
Interior Features: Walk-In Closet(s)
Appliances: Dryer, Washer
Laundry Features: Inside, Laundry Closet
Fireplace Features: None
Exterior Details
Has Property Attached
Square Footage: 1101
Square Footage Source: $0
Year Built Source: Assessor
Year Built: 2005
Levels: One
Pool Features: Community, Association
Lot Size Units: Square Feet
Tax Lot: 2
Water Source: Public
Utilities Details
Cooling Type: Central Air
Heating Type: Central
Sewer : Public Sewer
Location Details
HOA/Condo/Coop Amenities: Clubhouse, Fitness Center, Barbecue, Picnic Area, Playground, Pool, Racquetball, Sauna, Spa/Hot Tub, MeetingBanquetPartyRoom, OutdoorCookingArea
HOA Fee: $383
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 |
|---|---|---|---|---|---|---|---|
|
04/05/2025
| |
2 Bed
|
2 Bath
|
1101 ft²
|
$460,000
2 Bed
2 Bath
1101 ft²
|
$460,160
+0.03%
06/18/2025
|
Jessica Hales
First Team Real Estate
|
|
09/01/2018
| |
2 Bed
|
2 Bath
|
1101 ft²
|
$274,500
2 Bed
2 Bath
1101 ft²
|
$265,000
-3.46%
10/23/2018
|
Craig Coutts
The Real Estate Company
|
Building Info
About Temecula Creek Village
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Listed by: Jessica Hales, First Team Real Estate
Last Updated: 2 years ago
Data Source: CRMLS, MLS# SW25075184
Last Updated: 2 years ago
Data Source: CRMLS, MLS# SW25075184
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