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About This Property
Experience the serene desert winds and all this beauty just 10 minutes from Yucca Valley, 15 minutes to Joshua Tree, 30 minutes to Joshua Tree National Park, 40 minutes to Palm Springs, and 30 minutes to I-10. Yucca Valley is the gateway to Joshua Tree National Park and the hub of the Morongo Basin. With endless potential, this property is primed for redevelopment in a highly promising location.
Yucca Mesa offers something for every lifestyle, whether you are an outdoors person, an antique enthusiast, an artist, a yogi, or someone seeking a quiet place to work remotely. The area is known for its clear blue skies and clean air, making it a popular vacation and retirement destination. Whether you are looking for a full-time residence, a second home, a vacation getaway/retreat, or an investment property, this is an ideal place to start your desert dream.
Public water is available through HDWD for the cost of a meter, and underground power lines run along the property line. Buyers are advised to perform their own due diligence regarding the cost and availability of utilities. The property is fenced. Don't miss out on this exceptional opportunity to shape the future of this promising piece of land.
**Exclusions:** [List any exclusions here]
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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 31, 2024 | Relisted | $450,000 | |
| Relisted | |||
| Aug 30, 2024 | Sold | ||
| Sold | |||
| May 13, 2024 | Listed by eXp Realty of Southern California, Inc | $115,000 | |
| Listed by eXp Realty of Southern California, Inc | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017