1541 Upland Drive
About This Property
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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%.
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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 |
|---|---|---|---|
| May 14, 2025 | Listed | $395,000 | |
| Listed | |||
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EPIC VALLEY AND MOUNTAIN VIEWS WITH NATIONAL FOREST AT THE BACKYARD! PLUS RARE OPPORTUNITY to purchase one or all 3 adjacent forest-backing lots! This beautifully remodeled 2-bedroom, 1-bath home sits on a spacious 7,500 sqft lot, backing directly to the National Forest. Enjoy unobstructed views of the valley and 4 of the "7 Summits of Big Bear" from the living room or the expansive decks, creating the perfect space for relaxing, entertaining, or simply taking in the natural beauty. By night, marvel at the breathtaking starlit skies and the twinkling lights of the valley below. Inside, the home boasts an open and airy layout with vaulted tongue-and-groove wood ceilings, large windows that flood the living space with natural light, recessed lighting, and seamless indoor-outdoor living. A cozy wood stove anchors the living room, while the updated kitchen and dining area make hosting family or friends a breeze. This mountain retreat is about 15 minutes from Big Bear Lake and offers unparalleled access to nature, such as hikes to Eye of God, Crystal Mountain, or the Pacific Crest Trail! Additional features include two covered decks, ample storage under the house and in the shed, a grid-tied solar system for energy efficiency, and the potential to expand your outdoor living space with the adjacent lots. Whether you're looking for a weekend getaway, a short-term rental investment, or a full-time mountain retreat, this property offers unmatched tranquility, adventure, and value!
UTILITIES: Propane gas, Solar, Water Tank, Septic/Sewer Holding Tank.
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| Apr 2, 2021 | No longer available | - | |
| No longer available | |||
| Mar 27, 2021 | Relisted | $324,999 | |
| Relisted | |||
| Mar 21, 2021 | In contract | - | |
| In contract | |||
| Mar 17, 2021 | Listed | $324,999 | |
| Listed | |||
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EPIC VALLEY AND MOUNTAIN VIEWS WITH NATIONAL FOREST AS YOUR BACKYARD! ~ Easy access (walking distance) to trails, The Eye Of God, Crystal Mountain, and Pacific Crest Trail ~ And only 15 minutes from Big Bear Lake! ~ On a 7,500 Square Foot Lot backing to the forest, there's so much opportunity here! ~ This remodeled home features vaulted T&G wood ceilings, a bright and open layout with huge windows allowing for natural light, 2 bedrooms and 1 bathroom ~ Extra benefits include solar, laundry area, storage options under the house and in the shed, and two covered decks with great space for entertaining or simply relaxing and delighting in spectacular horizons! The manager has listed the unit size as 940 square feet.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017