33400 Hixon Drive
About This Property
The home and property need some work, making this an excellent option for buyers looking for a project, investors, or anyone wanting to create a space that truly fits their vision. The expansive lot offers room for animals, gardens, and outdoor living areas. Its terraced layout adds character and function, creating multiple usable levels designed to maximize the stunning mountain views. A storage shed on the property offers added value and could easily be used as a workshop or storage.
Enjoy the natural surroundings and mountain views while still being just minutes from grocery stores, restaurants, and local services. The location is also ideal for commuters, with convenient access to Murrieta, Temecula, Lake Elsinore, Menifee, and surrounding areas.
Whether you're searching for your next renovation project or a property you can truly make your own, this home offers land, privacy, and opportunity that are increasingly hard to find. ***433A recorded. Conventional financing is available***
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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 |
|---|---|---|---|
| Apr 2, 2026 | Sold | ||
| Sold | |||
| Feb 6, 2026 | In contract | - | |
| In contract | |||
| Jan 11, 2026 | Listed by Radius Agent | $325,000 | |
| Listed by Radius Agent | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017