16508 Pine Street
About This Property
This property offers additional living quarters perfect for extended family or rental income with its own private entrance. Conveniently located near local retail stores and restaurants, this property combines suburban tranquility with urban convenience. Don't miss the opportunity to make this stunning Hesperia home yours! The High Desert is now the future home of the recently approved High Speed Train from Apple Valley to Las Vegas and to the south to Rancho Cucamonga. The project is expected to break ground in the Victor Valley soon and be completed in over the course of the next few years, this projected is expected to bring in jobs and boost the economy of the High Desert.
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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 |
|---|---|---|---|
| Sep 11, 2025 | Sold | ||
| Sold | |||
| Aug 16, 2025 | In contract | - | |
| In contract | |||
| Jun 20, 2025 | Listed by CENTURY 21 Desert Rock | $280,000 | |
| Listed by CENTURY 21 Desert Rock | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017