20
Map
0 Park Ave
About This Property
Located just blocks from Highway 74 (4th Street), this exceptional offering includes four contiguous parcels totaling approximately 3.67 acres of mostly flat, usable land. Ideally positioned near Downtown Perris and the Metrolink station, this property provides convenient access for commuters, with easy connections to both the 15 and 215 freeways.
Situated at the edge of the city, this unique location offers the perfect blend of urban convenience and rural charm. Whether you're looking to subdivide for a tract of homes, develop an investment project, or build your custom dream estate, the possibilities here are extensive.
Enjoy the flexibility of spacious land while remaining close to shopping, dining, transportation, and city amenities-making this an ideal opportunity for developers, investors, or those seeking a private retreat with room to grow.
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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 11, 2026 | Listed by CASTANEDA REAL ESTATE | $650,000 | |
| Listed by CASTANEDA REAL ESTATE | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017