38872 Cherry Point Lane
About This Property
Upstairs features 9-foot ceilings, a versatile loft area, and four additional bedrooms. The luxurious primary suite includes a private balcony and a beautifully remodeled ensuite bathroom with dual sinks, a vanity area, and an oversized walk-in shower. Two secondary bedrooms share a Jack & Jill bathroom, while the fifth bedroom enjoys easy access to its own full bath and the loft. Step outside to a private, serene backyard, ideal for relaxing or entertaining. (HUGE POOL-SIZED LOT) Enjoy all the amazing amenities Central Park has to offer, including a resort-style pool, spa, kiddie pool, clubhouse, pickleball, tennis and basketball courts, playground, picnic areas, scenic walking trails, and more. With very low HOA dues and tax rate, award-winning Temecula schools and just minutes from shopping, Old Town, and Temecula Wine Country-this is a home you don't want to miss!
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Cap Rate Calculator
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 |
|---|---|---|---|
| Aug 19, 2025 | Sold | ||
| Sold | |||
| Jul 28, 2025 | In contract | - | |
| In contract | |||
| Jun 20, 2025 | Price Decreased |
$949,000
↓ $20K
(2.1%) | |
| Price Decreased | |||
| May 26, 2025 | Listed by eXp Realty of California, Inc. | $969,000 | |
| Listed by eXp Realty of California, Inc. | |||
| Mar 24, 2024 | No longer available | - | |
| No longer available | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017