1044 Rainbow Lane
About This Property
Discover this beautifully usable .33-acre parcel with end of lane seclusion in the heart of Paradise, CA, offering a prime location for your building adventure! Formerly the site of a 1,616 sqft, 3-bedroom, 2.5-bathroom residence, this lot is ready for a fresh start with several major improvements already in place. Brand New Septic Tank – A huge step forward for your build! PID Water Connection – No need to hassle with utilities, Survey Completed – Giving you a clear path to construction. Enjoy the convenience of a central location with easy access to local amenities, parks, and shopping while relishing in the peaceful surroundings that Paradise is known for. With these key improvements already handled, this property gives you a head start in creating the perfect home. Don't miss out on this exceptional opportunity-Take a look today!
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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 |
|---|---|---|---|
| Jul 13, 2026 | Sold | ||
| Sold | |||
| Jun 18, 2026 | In contract | - | |
| In contract | |||
| Jun 3, 2026 | Listed by American Homes and Land | $35,000 | |
| Listed by American Homes and Land | |||
| Mar 24, 2025 | Listed | $35,000 | |
| Listed | |||
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Prime Centrally Located Parcel in Paradise – Ready for Your Dream Home!
Discover this beautifully usable .33-acre parcel with end of lane seclusion in the heart of Paradise, CA, offering a prime location for your building adventure! Formerly the site of a 1,616 sqft, 3-bedroom, 2.5-bathroom residence, this lot is ready for a fresh start with several major improvements already in place. Brand New Septic Tank – A huge step forward for your build! PID Water Connection – No need to hassle with utilities, Survey Completed – Giving you a clear path to construction. Enjoy the convenience of a central location with easy access to local amenities, parks, and shopping while relishing in the peaceful surroundings that Paradise is known for. With these key improvements already handled, this property gives you a head start in creating the perfect home. Don’t miss out on this exceptional opportunity—Take a look today!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017