0 Prospect
About This Property
This prime vacant lot offers endless possibilities for developers, investors, or buyers ready to build their dream home-whether it's a stick-built or premanufactured home. Paved road access to the property. Located on a peaceful cul-de-sac, this lot provides excellent privacy and tranquility. With paved road access and utilities conveniently available, building has never been easier. Water piping is already connected to the property; the only step left is installing a water meter. Electricity is also easily accessible, simplifying your construction process. The seller is open to **seller financing**, making this an incredible opportunity to secure land in a great location with flexibility. Don't miss out on making this property yours! Local to all major grocery stores and shopping centers, Hwy 215! I have another Lot for sale as well in the area, inquiry for more information.
For directions: Google 23909 Prospect St, Perris CA, Land will be on your left hand side with a small gate.
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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 |
|---|---|---|---|
| Mar 27, 2025 | Sold | ||
| Sold | |||
| Nov 7, 2024 | In contract | - | |
| In contract | |||
| Oct 14, 2024 | Listed by BERKSHIRE HATHAWAY CA PROP | $119,000 | |
| Listed by BERKSHIRE HATHAWAY CA PROP | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017