$27,000
●
Land -
Off Market
0 Panoche Road
Apple Valley, CA 92308
Studio
0 Bath
$46,456
RealtyHop Estimate
54.85%
Since Apr 1, 2018
National-US
Primary Model
About This Property
Great residential lot waiting for a home, investor or spec home
builder. Property is zoned multifamily but is suitable for a single
family residence as well. Zoning is R-M (Multi-Family Residential)
allowing for 2 units to the net acre. Town of Apple Valley is
currently in process of proposed zone change to single family.
Listing agent is principal
Unit Size
-
Days on Market
127 days
Land Size
0.44 acres
Price per sqft
-
Property Type
Land
Property Taxes
-
HOA Dues
-
Year Built
1990
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Cap Rate
100% Occupancy
N/A (extreme outlier) 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.
Last updated: 5 months ago (CRMLS #CV17252511)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 27, 2025 | Listed | $79,900 | |
| Listed | |||
| | |||
|
"Discover the ideal canvas to bring your dream home to life on this picturesque 2.5+ acre parcel of flat land in Apple Valley. Nestled in a serene rural setting yet conveniently close to city amenities, this property offers the perfect blend of tranquility and convenience. With utilities nearby and the land level to the street, the possibilities are endless for creating your own oasis. Whether you envision a custom-built home or a manufactured home, this spacious parcel provides the perfect foundation for your vision to become reality. Don't miss this opportunity to embrace a lifestyle of rural living with city convenience at your fingertips. Your dream home awaits on this pristine piece of land in Apple Valley!"
| |||
| Jan 17, 2025 | Sold | ||
| Sold | |||
| Jan 1, 2025 | In contract | - | |
| In contract | |||
| Nov 25, 2024 | Price Decreased |
$69,490
↓ $500
(0.7%) | |
| Price Decreased | |||
| Oct 10, 2024 | Relisted | $69,990 | |
| Relisted | |||
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Property Highlights
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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Sold On
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HOA + Taxes
About Apple Valley
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Listed by: JOSHUA TATE, VICTOR VALLEY PROPERTY CENTER
Last Updated: 5 months ago
Data Source: CRMLS, MLS# CV17252511
Last Updated: 5 months ago
Data Source: CRMLS, MLS# CV17252511
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