45948 Parsippany Court
About This Property
Located on a cul-de-sac in South Temecula with low HOA dues, this 5-bedroom, 3-bathroom home offers approximately 2,708 square feet of living space on an 8,276-square-foot lot and is zoned for Great Oak High School.
Vaulted ceilings and abundant natural light create an inviting entrance, while the versatile floor plan includes a downstairs bedroom and full bathroom for guests, a home office, or flexible living arrangements. Hard-surface flooring throughout the downstairs, white shaker cabinetry, and upgraded stone countertops complement the interior.
Outside, the pool and spa set the scene for relaxing afternoons and outdoor gatherings. A tall rear wall provides added privacy, while a white picket-fenced area brings character to the backyard. Oranges, raspberries, blackberries, and grapes offer opportunities to harvest at home, and proximity to Pechanga Resort Casino provides views of seasonal fireworks displays.
Additional features include dual AC units and dual-pane windows replaced approximately two years ago. Over approximately the past five years, the sellers have also installed a tankless water heater, pool heater, and downstairs AC unit.
A large front yard, attached two-car garage, and nearby Birdsall Sports Park round out this home's blend of outdoor enjoyment, flexible living space, and everyday convenience.
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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%.
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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 |
|---|---|---|---|
| Oct 6, 2026 | Price Decreased |
$874,900
↓ $25K
(2.8%) | |
| Price Decreased | |||
| Jul 13, 2026 | Listed by Elite Properties Direct | $899,900 | |
| Listed by Elite Properties Direct | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017