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0 Mitchell Rd
About This Property
Huge price reduction from $680,000 to $ 400,000.
This property is adjacent to the town of Anza and close to the local public schools, restaurants, market, Dollar general store and the Casino.
Close drives to Temecula 35 miles, Palm Springs and Palm desert approximately 35 miles, Idylwild 16 miles. Los Angeles, San Diego and Anaheim are about 1.5 hours drive. Electricity on street. The property was approved for a tentative parcel map (Tract Map 34523) by the county which has since expired. The expired plans, topographic maps, soil and percolation reports are available for a buyer to pursue with the city if needed. Abandoned structure and well on property to be explored by the buyer. With Anza valley rapidly growing, this property has tremendous potential for commercial or residential development and would be an excellent investment.
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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 |
|---|---|---|---|
| Jan 25, 2024 | Listed by CBD Investment Inc. | $400,000 | |
| Listed by CBD Investment Inc. | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017