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8932 Mclennan
About This Property
Walnut Cove Gem - Move-In Ready with Serious Upside
Tucked at the end of a quiet cul-de-sac, this refreshed single-story home offers approx. 2,129 sq ft on a 9,094 sq ft lot. Public records reflect 3 bedrooms and 3 baths, plus an additional generous room with laundry hookups, large window, closet, and exterior access-offering potential as a 4th bedroom, office, guest room, or bonus room. Buyer to verify permitted use and bedroom status.
Features include multiple living spaces, large eat-in kitchen, enclosed patio/bonus room, new flooring, kitchen counters, fresh paint, lighting/fans, sink, brand-new water heater, upgraded 200-amp electrical panel, garage door opener, refreshed garage flooring, and recoated driveway. Seller will provide a stove prior to close of escrow.
Two garages-an attached 2-car and detached 2-car- with a rare RV access spot, provide excellent storage, workshop, or possible ADU potential, subject to city approval.
Seller has submitted plans for additional bedrooms and an ADU and reports architectural plans referencing potential development of up to five units. With CSUN approximately 2 miles away, the property may also offer potential for ADU development and student-housing/rental opportunities, subject to all required city approvals, zoning, permits, and applicable regulations.
An excellent opportunity for buyers seeking investment, rental income, value-add, or future development potential.
Move in today and explore the possibilities for tomorrow!
Buyer to independently verify all property details, square footage, lot size, permits, zoning, plans, entitlements, feasibility, and permitted uses. Seller and brokers make no representation or warranty regarding approval or future use. Some photos may be virtually staged/digitally enhanced.
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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 |
|---|---|---|---|
| Sep 4, 2026 | Sold | ||
| Sold | |||
| Aug 17, 2026 | In contract | - | |
| In contract | |||
| Aug 8, 2026 | Price Decreased |
$1,099,999
↓ $49K
(4.3%) | |
| Price Decreased | |||
| Jul 21, 2026 | Price Decreased |
$1,149,000
↓ $50K
(4.2%) | |
| Price Decreased | |||
| Jul 2, 2026 | Listed by KW Temecula | $1,199,000 | |
| Listed by KW Temecula | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017