0 Cherry Hill #7
About This Property
Boron is best known as the home of one of the largest open-pit borate mines in the world, a long-standing economic anchor for the area. In recent years, lithium has been identified in mine tailings in the Boron region, drawing renewed interest and attention to the community as part of the broader energy and mineral development conversation. While this parcel is a residential lot, its proximity to Boron Boulevard, Highway 58, and the community core places it in a strategically positioned area benefiting from long-term regional significance.
The property is near existing homes and development, with utilities located nearby (buyer to verify availability and connection costs). The lot is generally level and usable, making it well suited for an infill residential build or long-term investment in a town with established infrastructure and ongoing industrial relevance.
Buyer to verify zoning, utilities, and intended use with Kern County. GPS 35.01175, -117.65102
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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 |
|---|---|---|---|
| Apr 3, 2026 | Sold | ||
| Sold | |||
| Feb 28, 2026 | In contract | - | |
| In contract | |||
| Jan 26, 2026 | Listed by Keller Williams Victor Valley | $27,000 | |
| Listed by Keller Williams Victor Valley | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017