11720 Alta Mesa Road
About This Property
Discover your high desert retreat! This beautifully updated home, originally listed as a 1-bedroom, has been cleverly utilized as a 2-bedroom, offering flexible living space. The cozy living area features a welcoming fireplace, perfect for cool desert evenings, while a brand-new split system provides efficient air conditioning for those warmer days.
Step into the newly remodeled kitchen, boasting stylish finishes ideal for preparing your favorite meals. Fresh paint throughout enhances the bright, airy atmosphere created by the newly installed ceiling fans and newer windows. The bathroom has been tastefully updated, offering a serene space to unwind. You'll also appreciate the convenience of inside washer and dryer hookups, making laundry a breeze.
Situated on a generous 1.5-acre lot, this property provides plenty of room to enjoy the expansive desert landscape. As an added bonus, a brand-new septic tank will be installed through escrow, ensuring long-term peace of mind.
This home is perfect for first-time buyers, investors, or anyone looking for a move-in ready property with modern amenities and ample space to grow. Don't miss out on this opportunity to own a charming home with all the right upgrades in a tranquil desert setting! It would be a perfect Airbnb due to it's location near Wrightwood mountains or rental.
*****Exterior of the house will be painted soon or buyer can take the credit instead.
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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 |
|---|---|---|---|
| Nov 5, 2024 | In contract | - | |
| In contract | |||
| Nov 4, 2024 | Sold | ||
| Sold | |||
| Oct 30, 2024 | Relisted | $296,000 | |
| Relisted | |||
| Oct 7, 2024 | In contract | - | |
| In contract | |||
| Sep 25, 2024 | In contract | - | |
| In contract | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017