55
Map
1564 Luna Mesa Road
About This Property
The home features oversized black metal windows and doors, polished concrete floors, a fully renovated chef's kitchen, and updated bathrooms with a clean modern desert aesthetic. Large openings bring in natural light and frame the surrounding desert landscape.
Outdoor amenities include a fully decked above-ground pool, jacuzzi, outdoor BBQ kitchen area, shaded gazebo, multiple concrete patio and sitting areas, mature landscaping, and numerous Joshua trees. The property is fully fenced for privacy and designed for indoor-outdoor living.
Located approximately 15 minutes from Downtown Joshua Tree, Yucca Valley, and Pioneertown, this property offers strong rental appeal, privacy, views, and easy access to some of the High Desert's most popular destinations. Ideal as a short-term rental investment, second home, or private desert retreat.
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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 |
|---|---|---|---|
| Oct 6, 2026 | Price Decreased |
$450,000
↓ $48K
(9.6%) | |
| Price Decreased | |||
| May 6, 2026 | Listed by Joshua Tree Modern | $498,000 | |
| Listed by Joshua Tree Modern | |||
| Aug 14, 2020 | Sold | ||
| Sold | |||
| Jul 30, 2020 | Listed by HomeSmart | $165,889 | |
| Listed by HomeSmart | |||
| | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017