$560,000
●
Land -
Off Market
2143 Whistler Way
Riverside, CA 92506
Studio
0 Bath
$2,947
Est. Monthly
About This Property
HAWARDEN HILLS- HAWARDEN PALMS- One of a kind custom hilltop home
site located at the end of an exclusive cul-de-sac in Riverside's
most prestigious neighborhood. Long winding driveway leads to
this fully improved "ready to build" estate lot with 360 degree
views of the neighborhood, hills, city lights and mountains.
Over-sized pad will accommodate a massive single level
residence, garage and ADU if desired. All utilities to the
site and paid for including city water, city electric, natural gas,
telephone and cable. Lower level pad at the bottom of the
driveway currently has the original farm house barn in tact but
would make an ideal additional garage or ADU site. Property
is located in the RC Zone (Residential Conservation) and thereby
not able to be split.
Unit Size
-
Days on Market
994 days
Land Size
2.47 acres
Price per sqft
-
Property Type
Land
Property Taxes
-
HOA Dues
-
Year Built
1929
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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: 2 years ago (CRMLS #IV22174981)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Apr 28, 2025 | Sold | ||
| Sold | |||
| Mar 5, 2025 | In contract | - | |
| In contract | |||
| Oct 7, 2024 | Relisted | $600,000 | |
| Relisted | |||
| Oct 7, 2024 | No longer available | - | |
| No longer available | |||
| Oct 6, 2024 | No longer available | - | |
| No longer available | |||
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Property Highlights
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Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Alessandro Heights
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Listed by: BRAD ALEWINE, COMPASS
Last Updated: 2 years ago
Data Source: CRMLS, MLS# IV22174981
Last Updated: 2 years ago
Data Source: CRMLS, MLS# IV22174981
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