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1397 Sierra
About This Property
Inside, the open floor plan flows seamlessly through the main living areas, finished with tile flooring and soaring vaulted ceilings, while large arched windows frame the desert landscape and fill the home with natural light. The living room features stone that helps keep the home cool and insulated during summer, and centers around a river rock fireplace with a pellet stove insert to keep things warm through the winter. That same balance of comfort carries through year-round with solar panels powering the central air and heat.
The well-appointed kitchen features tile counters, a Wolf stove, stainless steel sink and dishwasher, a drinking water filtration system, a spacious breakfast bar, pantry, and ample cabinet storage. The primary suite includes double sinks, a separate shower, and a large soaking tub, while the additional bedrooms offer plenty of space for family, guests, or a home office. A dedicated laundry room offers extra cabinets and counter space for everyday convenience.
Outside, the back porch features a swing, an awning, and a pergola patio, giving you a great spot to soak in the views and desert air. With only one neighbor and open land behind, the privacy here feels almost like a private cul-de-sac setting. The property is fully fenced with solar lighting throughout the yard. Zoned for horses, with plenty of room to spread out, build, or simply enjoy the open space.
Commuters will enjoy being just 2 miles from Hwy 138 and Hwy 18, with Wrightwood and Mountain High Ski Resort about 15 minutes away, and Pinon Hills Elementary, shopping, dining, and parks all close by."
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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 |
|---|---|---|---|
| Jun 19, 2026 | Listed by Seven Gables Real Estate | $485,000 | |
| Listed by Seven Gables Real Estate | |||
| Apr 27, 2023 | No longer available | - | |
| No longer available | |||
| Mar 28, 2023 | In contract | - | |
| In contract | |||
| Mar 25, 2023 | Price Decreased |
$427,000
↓ $5K
(1.2%) | |
| Price Decreased | |||
| Mar 16, 2023 | Price Decreased |
$432,000
↓ $8K
(1.8%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017