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2782 Atlantic #2
About This Property
Salton City continues to attract attention due to its proximity to the Salton Sea and the growing regional focus on renewable energy and mineral development. The area has recently gained national recognition as part of California's emerging Lithium Valley, a state-backed initiative aimed at lithium extraction and clean energy investment in the Salton Sea region. While development timelines vary, the increased visibility has driven renewed interest in vacant land throughout Thermal and surrounding communities.
The lot is generally level and appears usable, with nearby properties showing a mix of vacant land and residential improvements. Utilities are believed to be nearby, though buyers are advised to independently verify availability, connection costs, zoning requirements, and all intended uses with Riverside County and appropriate service providers. No reports, surveys, or studies are included; the property is being sold as vacant land.
This parcel may appeal to buyers seeking an affordable entry point into Southern California land ownership, investors looking for a low-basis holding in a region gaining long-term attention, or end users planning future residential development. Convenient access to Highway 86 provides connectivity to surrounding desert communities, Coachella Valley cities, and the greater Imperial Valley region.
Buyer to conduct their own due diligence regarding zoning, utilities, permits, development feasibility, and environmental conditions. Property is being sold as-is. No warranties or guarantees are expressed or implied.
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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 |
|---|---|---|---|
| Jul 1, 2026 | Price Decreased |
$11,900
↓ $2K
(14.4%) | |
| Price Decreased | |||
| Feb 6, 2026 | Listed by KW Mojave | $13,900 | |
| Listed by KW Mojave | |||
| Apr 24, 2025 | Price Decreased |
$9,700
↓ $8K
(44.6%) | |
| Price Decreased | |||
| Oct 10, 2024 | Relisted | $17,500 | |
| Relisted | |||
| Oct 5, 2024 | No longer available | - | |
| No longer available | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017