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2350 Olivera
About This Property
Step inside to an inviting open-concept floor plan featuring 9-foot ceilings and expansive windows that fill the home with natural light while showcasing peaceful desert views. The contemporary kitchen is designed for both everyday living and entertaining, featuring stainless steel appliances, stylish finishes, and a spacious center island with an integrated sink. The island creates a natural gathering space while providing additional room for meal preparation, dining, and entertaining.
Outside, the fully fenced acreage offers privacy, flexibility, and plenty of room to enjoy the High Desert lifestyle. Zoned for horses, the property provides ample space for equestrian use, outdoor activities, gardening, or simply enjoying the peace and open surroundings that come with owning acreage.
Located in the growing Phelan area and within the Snowline School District, 2350 Olivera Rd offers a desirable combination of brand-new construction, modern amenities, usable land, and a peaceful setting. Whether you're looking for room to spread out, space for horses, or a private place to call home, this property offers the opportunity to enjoy modern living with plenty of room to make it your own.
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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 18, 2026 | Listed by Coldwell Banker Home Source | $392,000 | |
| Listed by Coldwell Banker Home Source | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017