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About This Property
Attention investors, builders, and buyers looking to get into the mountain market at an affordable price - this is your opportunity to secure a 0.11-acre parcel (approx. 4,958 sq ft) in the desirable Rimforest area, just minutes from Lake Arrowhead.
Positioned in a quiet, wooded setting with natural privacy, this lot offers the ideal canvas for a future build, vacation rental, or long-term hold investment. The surrounding area continues to see demand from buyers seeking mountain retreats, making this a strong play for those looking to capitalize on the growing short-term rental and second-home market.
With utilities reportedly available nearby and a location that offers easy access to Hwy 18, local amenities, and year-round recreation, this parcel provides both convenience and long-term upside.
Whether you're planning to build now or hold for future appreciation, opportunities at this price point in the Rimforest / Arrowhead area are becoming increasingly limited.
Priced aggressively - ideal for investors looking for their next mountain project.
Buyer to verify all information including utilities, zoning, building requirements, and intended use to their own satisfaction.
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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%.
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 10, 2026 | Listed by Century 21 Masters | $24,500 | |
| Listed by Century 21 Masters | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017