$15,000
●
Land -
Off Market
13728 Andover Drive
Magalia, CA 95954
Studio
0 Bath
$89
Est. Monthly
About This Property
Welcome to Magalia, where fresh mountain air, natural beauty, and a
vibrant community await! This 0.30-acre parcel is the perfect spot
to build your dream home, nestled among the pines in a peaceful yet
convenient location. Enjoy easy access to local amenities,
including Izzy's Bar & Grill, our local Holiday grocery store, and
a gas station- all just minutes away! Surrounded by newly rebuilt
homes, this lot offers a fresh start in a charming, growing
community. As part of the HOA, you'll have access to fun events,
activities, and a welcoming atmosphere that makes it easy to meet
neighbors and feel at home. Whether you're looking for a weekend
retreat or a full-time residence, this property provides the
perfect blend of privacy, scenery, and community living. Don't miss
out-come see the potential for yourself!
Unit Size
-
Days on Market
25 days
Land Size
0.30 acres
Price per sqft
-
Property Type
Land
Property Taxes
-
HOA Dues
-
Year Built
1982
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Cap Rate
100% Occupancy
N/A (extreme outlier) 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.
Last updated: 2 years ago (CRMLS #SN25029387)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Mar 5, 2025 | Sold | ||
| Sold | |||
| Feb 8, 2025 | Listed by Paradise Homes & Land | $18,000 | |
| Listed by Paradise Homes & Land | |||
Property Highlights
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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Status
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Closing Price
Sold On
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HOA + Taxes
About Magalia
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
Listed by: Rachel Copeland, Paradise Homes & Land
Last Updated: 2 years ago
Data Source: CRMLS, MLS# SN25029387
Last Updated: 2 years ago
Data Source: CRMLS, MLS# SN25029387
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