1920 Magical Avenue
About This Property
further out of the box and develop it into an event space or creative studio. An opportunity of a lifetime for the right buyer. Multi-level structure with solid framing. Clerestory windows, roof deck, sleeping loft, sunken living room, cathedral ceilings. The shed-roof design creates multiple outdoor rooms. And did we mention the views? A must-see, "magical" property. Contiguous parcels also available, read agent remarks to learn more. This property is being sold in 'as is' condition, current additions/construction done approx 1991. No power nearby, and not on the water grid, so you'll need a well and a solar array.
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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 22, 2025 | Sold | ||
| Sold | |||
| Mar 4, 2025 | Listed by PAK HOME REALTY | $29,999 | |
| Listed by PAK HOME REALTY | |||
| | |||
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Looking for a place to build OFF THE GRID??!! ZONING RL-5 This 2-acre property with 360 degree magical views from every angle. One of a kind opportunity to own and build on a land with foundation already laid and with a solid framed structure in place. Looking for an income vacation rental?? The idea has already been created for you-sleeping loft, sunken living room and cathedral ceilings! There is also an ADDITIONAL 2 acre parcel included with the purchase making it a total of almost 4.5 acres! Sold AS-IS condition and the land has no electrical, water or septic. This area of Joshua Tree is up and coming with the Noah Purify Art Museum and Copper College nearby. Directions/Major Cross Street: Sunfair Rd and 29 Palms
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| Dec 10, 2022 | No longer available | - | |
| No longer available | |||
| Aug 9, 2022 | In contract | - | |
| In contract | |||
| May 24, 2022 | Price Decreased |
$150,000
↓ $20K
(11.7%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017