1
Map
1291 Coral Avenue
About This Property
Build your dream home or investment property on this flat, buildable lot in an established neighborhood of Thermal! Water and sewer are available, and there are existing homes on both sides and along the street, making this a true infill parcel-ready for your project with minimal development hurdles.
Just minutes from the Salton Sea, enjoy the tranquility of desert living with quick access to Highway 111, Coachella, Indio, and the La Quinta resort corridor. The nearby Salton Sea State Recreation Area and Sonny Bono Wildlife Refuge offer endless outdoor adventure-bird-watching, off-roading, and spectacular sunsets over the water.
With paved roads, utilities close by, and low land costs compared to neighboring desert cities, this property is an ideal opportunity to build, hold, or invest in one of the Coachella Valley's fastest-developing regions.
Payment Calculator
Your Estimated Monthly Payment
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 |
|---|---|---|---|
| Jun 12, 2026 | Sold | ||
| Sold | |||
| May 19, 2026 | In contract | - | |
| In contract | |||
| Nov 18, 2025 | Price Increased |
$12,500
↑ $3K
(25.1%) | |
| Price Increased | |||
| Oct 16, 2025 | Listed by KELLER WILLIAMS-LA QUINTA | $9,990 | |
| Listed by KELLER WILLIAMS-LA QUINTA | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017