$286,000
●
Mobile Manufactured -
Off Market
34163 Olive Grove Road
Wildomar, CA 92595
3 Beds
2 Baths
1,344 Ft²
$416,859
RealtyHop Estimate
46.27%
Since Jan 1, 2020
National-US
Primary Model
About This Property
Finding a home anywhere in Southern California under $300,000 is
pretty darn difficult nowadays. That's why The Farm has
become so popular in recent years. The Farm is a planned
community in between the 15 and 215 Freeway off of Bundy Canyon
Road and features a well laid out neighborhood full of cute
manufactured homes. The Farm also has cool community
amenities like a pond to fish in, orange groves to pick fruit from,
pool, picnic spots, hiking trails and an overall sense of good
living. This home in the Farm is a 3 bedroom 2 bath
manufactured home on a permanent foundation. When you walk in
you have an open living area and kitchen. Two bedrooms off to
the right hand side and then the master bedroom on the left hand
side. Within the past two years the home has been upgraded
with a New AC unit, furnace and garage door opener. Whether
you're looking to buy this as your first home, an investment or
your last home, it checks off a lot of boxes that will bring you
happiness for many years to come.
Unit Size
1,344 Ft²
Days on Market
57 days
Land Size
0.17 acres
Price per sqft
$212
Property Type
Mobile Manufactured
Property Taxes
-
HOA Dues
$69
Year Built
1985
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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: 5 months ago (CRMLS #SW19238990)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Dec 4, 2019 | Sold | ||
| Sold | |||
| Oct 8, 2019 | Listed by Signature Real Estate Group | $285,000 | |
| Listed by Signature Real Estate Group | |||
Property Highlights
Air Conditioning
Fireplace
With View
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
Price/ft²
Asking Price
Listed On
Listed On
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Sold On
Sold On
HOA + Taxes
About Wildomar
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Listed by: John Butler, Signature Real Estate Group
Last Updated: 5 months ago
Data Source: CRMLS, MLS# SW19238990
Last Updated: 5 months ago
Data Source: CRMLS, MLS# SW19238990
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