$1,260,000
●
House -
Off Market
23411 Ridge Line Road
Diamond Bar, CA 91765
3 Beds
2 Baths
2,196 Ft²
$7,085
Est. Monthly
$308
HOA / Fees
2.68%
Cap Rate
About This Property
Very rare opportunity as land value only, existing old structure is
not habitable and could be torn down. This is arguably one of the
most beautiful locations in the prestigious 24 hour guard gated The
Country Estates community. Beautiful, expansive 1.58 ACRE lot.
Absolutely stunning with fantastic city lights and mountain views!!
Great, great potential for developing your custom dream home.
Usable land with great depth and potential. Comforting
surroundings, peaceful, utmost privacy. Conveniently close to 57/60
freeways, shopping centers, commercial plazas, restaurants, and
businesses. Award winning Walnut Unified School District. Don't
miss this opportunity!! Seller had the soil engineering
report and have association previously approved architectural and
elevation plans for a 9,822 sf custom built mansion to present to
interested parties. County assessor and title show lot size as
69,027 square feet. 0.10 acre is for the private street.
Unit Size
2,196 Ft²
Days on Market
494 days
Land Size
1.58 acres
Price per sqft
$628
Property Type
House
Property Taxes
-
HOA Dues
$308
Year Built
1977
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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 #TR24012586)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| May 28, 2025 | Sold | ||
| Sold | |||
| Mar 25, 2025 | Price Decreased |
$1,380,000
↓ $119K
(7.9%) | |
| Price Decreased | |||
| Mar 25, 2025 | In contract | - | |
| In contract | |||
| Oct 10, 2024 | Relisted | $1,499,000 | |
| Relisted | |||
| Oct 7, 2024 | No longer available | - | |
| No longer available | |||
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Property Highlights
Garage
Air Conditioning
Fireplace
With View
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
Unit
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 Diamond Bar
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
Listed by: Diana Cheng, Country Queen Real Estate
Last Updated: 2 years ago
Data Source: CRMLS, MLS# TR24012586
Last Updated: 2 years ago
Data Source: CRMLS, MLS# TR24012586
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