$280,000
●
Land -
Off Market
33270 Loquat Street
Wildomar, CA 92595
Studio
0 Bath
$1,611
Est. Monthly
About This Property
Discover this exceptional piece of property featuring two parcels
in the heart of Wildomar, CA. These two parcels feature personal
property that will be included in the sale. These items include 2
mobile homes and a 5th wheel. The main house offers a spacious
4-bedroom, 1-bathroom layout. Inside, you'll find an inviting
open-concept living and dining area that flows seamlessly into the
kitchen. The home features updated flooring throughout, a full
bathroom with a shower-tub combo, and a convenient separate laundry
room. In addition to the main house, the property includes a second
mobile home with 2 bedrooms and 1 bathroom. Each mobile home is
situated on its own spacious, gated, piece of land, offering ample
room for outdoor activities, privacy, or potential future
improvements. This opportunity is located in Wildomar, a growing
community with convenient access to shopping, dining, and outdoor
recreation.
Unit Size
-
Days on Market
14 days
Land Size
0.29 acres
Price per sqft
-
Property Type
Land
Property Taxes
-
HOA Dues
-
Year Built
1974
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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 #SW24232763)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Nov 27, 2024 | Sold | ||
| Sold | |||
| Nov 23, 2024 | In contract | - | |
| In contract | |||
| Oct 7, 2024 | Listed by eXp Realty of California Inc | $328,000 | |
| Listed by eXp Realty of California Inc | |||
Property Highlights
With View
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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Status
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Type
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Baths
ft²
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Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Wildomar
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Listed by: Kimberly Meeker, eXp Realty of California Inc
Last Updated: 2 years ago
Data Source: CRMLS, MLS# SW24232763
Last Updated: 2 years ago
Data Source: CRMLS, MLS# SW24232763
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