33045 Briggs Road
About This Property
Complementing the home is a 24' X 48' barn building, ideal for storage, workshop, equestrian pursuits and more. Currently barn is partially converted to ADU and could be a spacious second home on the property. There is a convenient 4-car detached garage. Self-sufficiency is key here with electric service, its own water well, and a back-up generator ensuring you're always powered up.
Zoned RR2 this land holds the exciting potential for subdivision (buyer to verify with city). Adjacent lots (APN(s): 388-110-031, 388-110-030 and 388-110-032) are also for sale, creating the total potential for an estimated 26 acres.
Whether you're dreaming of a homestead revival, agricultural endeavors, or simply proximity to a booming area, this property blends peaceful seclusion with Menifee's surging growth. Don't miss this opportunity to invest in tomorrow's hotspot today.
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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 |
|---|---|---|---|
| Feb 13, 2026 | Sold | ||
| Sold | |||
| Dec 23, 2025 | In contract | - | |
| In contract | |||
| Dec 8, 2025 | Listed by HomeSmart Realty West | $599,000 | |
| Listed by HomeSmart Realty West | |||
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About Menifee
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017