$585,000

Estimated payment $3,635/month

Total Views 5,682
3 Beds
3 Baths
1,593 Sq Ft
$367 Price per Sq Ft

Highlights

  • Very Popular Property
  • Mountain View
  • Private Yard
  • Spa
  • Community Lake
  • 2 Car Direct Access Garage

About This Home

Investor’s dream in the desirable Brigata On The Lake community of Menifee Lakes! This turnkey property offers cash flow potential with a fully paid 33-panel solar system ensuring exceptional energy savings and long-term returns. The home features 3 bedrooms, 2.5 bathrooms, and a 2-car garage with ADU conversion potential, making it ideal for maximizing rental income. Recent upgrades include brand-new quartz countertops in the kitchen, granite countertops in bathrooms, new window coverings, upgraded cabinetry, recessed lighting, and a whole-house fan for energy efficiency. The garage is fully finished, and plumbing updates such as new mixer valves, a pressure regulator, and main valves provide added peace of mind. Enjoy a low-maintenance backyard with fruit trees, perfect for tenants or future owner-occupants. With very low property taxes and HOA fees, this property delivers excellent value and stable returns. Located near top-rated schools, parks, shopping, Menifee Town Center, and the 215 Freeway, this home is in a high-demand rental area. Menifee is one of California’s fastest-growing cities, offering investors both immediate cash flow with good tenants in place until July 2026 and strong appreciation potential.

Listing Agent

Josephine Sharma

LEGACY HOMES REALTY Brokerage Phone: 951-314-4204 License #01507253 Listed on: 10/13/2025

Co-Listing Agent

Raj Sharma

LEGACY HOMES REALTY Brokerage Phone: 951-314-4204 License #01886334

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,190

Year Built

  • Built in 1989

Lot Details

  • 3,920 Sq Ft Lot
  • Private Yard
  • Property is zoned SP ZONE

HOA Fees

  • $100 Monthly HOA Fees

Parking

  • 2 Car Direct Access Garage
  • Parking Available
  • Driveway

Property Views

  • Mountain
  • Hills

Home Design

  • Entry on the 1st floor
  • Tile Roof

Interior Spaces

  • 1,593 Sq Ft Home
  • 2-Story Property
  • Family Room with Fireplace
  • Laundry Room

Bedrooms and Bathrooms

  • 3 Bedrooms
  • All Upper Level Bedrooms
  • 3 Bathrooms

Outdoor Features

  • Spa
  • Exterior Lighting

Utilities

  • Central Heating and Cooling System
  • 220 Volts in Garage

Listing and Financial Details

  • Tax Lot 63
  • Tax Tract Number 22163
  • Assessor Parcel Number 364146006
  • $398 per year additional tax assessments
  • Seller Considering Concessions

Community Details

Overview

  • Menifeee Lake Association, Phone Number (951) 679-6777
  • Menifee Lakes Master Association
  • Community Lake

Amenities

  • Community Barbecue Grill
  • Picnic Area

Recreation

  • Community Playground
  • Community Pool
  • Community Spa

Building Details

  • 1 Separate Electric Meter
  • 1 Separate Gas Meter
  • 1 Separate Water Meter

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,190

Year Built

Built in 1989

Lot Details

0

HOA Fees

$100 per month

Parking

2

Listing Details

  • Assessments: Yes
  • Property Attached: No
  • View: Yes
  • Zoning: SP ZONE
  • Property Sub Type: Single Family Residence
  • Property Type: Residential Income
  • Parcel Number: 364146006
  • Year Built: 1989
  • AgentOnly_SellerConsiderConcessionYN: Yes
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Stories: 2
  • Common Walls: No Common Walls
  • Entry Level: 1
  • Fireplace Features: Family Room
  • Levels: Two
  • Price Per Square Foot: 367.23
  • Room Type: All Bedrooms Up
  • Spa Features: Association

Exterior Features

  • View: Hills, Mountain(s)
  • Pool Features: Association
  • Pool Private: No
  • Roof: Tile
  • Spa: Yes

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Direct Garage Access, Driveway
  • Total Parking Spaces: 2.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Electric: 220 Volts in Garage
  • Heating Type: Central
  • Laundry Features: Individual Room, Inside
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Pool, Barbecue, Picnic Area, Playground
  • Association Fee: 100.00
  • Association Fee Frequency: Monthly
  • Association Name: Menifeee Lake
  • Phone: 951-679-6777
  • Senior Community: No
  • Community Features: Lake, Sidewalks, Storm Drains, Street Lights
  • Association Management: Menifee Lakes Master Association

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Yard
  • Lot Size Sq Ft: 3920.00
  • Lot Size Acres: 0.0900

Rental Info

  • Tenant Pays: Electricity, Grounds Care, Gas, Pest Control, Trash Collection, Water

Multi Family

  • Gross Income: 34200.00
  • Gross Scheduled Income: 34200.00
  • Insurance Expense: 1900.00
  • Lot Size Area: 3920.0000 Square Feet
  • Net Operating Income: 34200.00
  • Number Of Separate Electric Meters: 1
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 1
  • Rent Control: No
  • Total Expenses: 1900.00

Tax Info

  • Tax Census Tract: 427.38
  • Tax Lot: 63
  • Tax Tract Number: 22163
  • TaxOtherAnnualAssessmentAmount: 398.00

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $5,190 $432,970 $86,593 $346,377
2023 $5,190 $416,160 $83,232 $332,928
2022 $5,160 $408,000 $81,600 $326,400
2021 $5,072 $400,000 $80,000 $320,000
2020 $1,912 $137,807 $58,866 $78,941
2019 $1,864 $135,106 $57,712 $77,394
2018 $1,796 $132,458 $56,581 $75,877
2017 $2,232 $129,862 $55,472 $74,390
2016 $1,712 $127,317 $54,385 $72,932
2015 $2,173 $125,407 $53,569 $71,838
2014 $1,651 $122,953 $52,521 $70,432
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/13/2025 10/13/25 For Sale $585,000 0.0% $367 / Sq Ft
09/19/2025 09/19/25 Rented $2,850 0.0% --
09/06/2025 09/06/25 Off Market $2,850 -- --
08/08/2025 08/08/25 For Rent $2,850 -- --
Source: California Regional Multiple Listing Service (CRMLS)

Purchase History

Date Type Sale Price Title Company
Grant Deed -- None Listed On Document
Grant Deed $220,000 Ticor Ttl Orange Cnty Branch
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- Chicago Title Company
Grant Deed $117,500 Chicago Title Company
Trustee Deed $301,185 None Available
Grant Deed $337,000 United Title Company
Interfamily Deed Transfer -- United Title Company
Interfamily Deed Transfer -- American Title Co
Grant Deed $144,500 Orange Coast Title Company
Grant Deed $110,000 Fidelity National Title Ins
Grant Deed -- Chicago Title Company
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $120,000 Purchase Money Mortgage
Previous Owner $269,600 Purchase Money Mortgage
Previous Owner $170,000 Purchase Money Mortgage
Previous Owner $148,912 FHA
Previous Owner $143,318 FHA
Previous Owner $110,000 No Value Available
Previous Owner $88,000 No Value Available
Closed $50,550 No Value Available
Closed $0 Stand Alone Second
Source: Public Records

About the Listing Agent

Josephine Sharma

LEGACY HOMES REALTY

(951) 618-1952

Section Image

Josephine Sharma and Raj Sharma – Your Local Trusted Real Estate Experts!

They're experienced real estate professionals specializing in Standard Sales, Short Sales, and REO properties throughout Riverside County, San Bernardino County, and Orange County.

Josephine began her real estate career in 2005 and earned her Broker license in 2011. Raj entered the real estate industry with a background in mortgage lending, starting in 2005. He joined forces with Josephine in 2010 after

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Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SW25238788

California Regional Multiple Listing Service (CRMLS)

APN: 364-146-006