0 MILPAS DR
About This Property
This 2.5 ACRES is located in a desirable area of San Bernardino County, in the city of Apple Valley is offering ample space for development or investment. With flat terrain and accessible roads nearby. With its serene location and rural zoning, the property is ideal for buyers looking to build a custom home, it presents an excellent opportunity for residential or commercial projects. The land is surrounded by natural beauty, yet close enough to urban amenities. Whether you're looking to build or hold for future appreciation, this property provides versatile potential.
It consists of approximately 2.5 acres of undeveloped rural land with zoning designated as RL (Rural Living). The property is situated outside the town limits of Apple Valley, accessible via a dirt road. It offers expansive desert views and is known for a quiet, country environment. While utilities, including water, electricity, and sewer, are not currently connected, potential buyers will need to verify all uses and utility connections through the San Bernardino County Planning Department?
Location: The land is located in unincorporated San Bernardino County, near Apple Valley, offering rural living and wide-open space. The parcel is approximately 2.5 acres, perfect for residential or agricultural development.
Payment Calculator
Your Estimated Monthly Payment
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 |
|---|---|---|---|
| Dec 19, 2024 | Sold | ||
| Sold | |||
| Nov 19, 2024 | In contract | - | |
| In contract | |||
| Oct 17, 2024 | Listed by eXp Realty of Greater L.A | $48,000 | |
| Listed by eXp Realty of Greater L.A | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017