$5,000
●
Land -
Off Market
2830 Midas Avenue
Thermal, CA 92274
Studio
0 Bath
$30
Est. Monthly
About This Property
Discover your opportunity to own an affordable slice of paradise in
the Vista Del Mar community near the Salton Sea. Located on Nile
Drive near Midas Avenue, this well-priced vacant lot offers
beautiful views of the lake and surrounding desert landscape,
providing the perfect setting for a future home or weekend getaway.
Water, power, and sewer are available in the street (not
connected), making development more accessible. The area offers a
peaceful desert lifestyle while still being close to local
amenities including convenience stores, gas stations, fast food,
and the nearby casino. For outdoor enthusiasts, this location is
surrounded by recreational attractions like Borrego Springs,
Ocotillo Wells, and 45 minutes from Coachella, with endless
opportunities for off-road adventures, hiking, and exploring. With
nearby homes already established and renewed interest in the Salton
Sea region, this lot presents strong long-term potential and
immediate value. Don't miss your chance to invest in this unique
and evolving community--priced to sell and ready for your vision.
Unit Size
-
Days on Market
41 days
Land Size
0.22 acres
Price per sqft
-
Property Type
Land
Property Taxes
-
HOA Dues
-
Year Built
-
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Cap Rate Calculator
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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 #219133518DA)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 12, 2025 | Sold | ||
| Sold | |||
| Aug 20, 2025 | In contract | - | |
| In contract | |||
| Aug 2, 2025 | Listed by Keller Williams Realty | $5,999 | |
| Listed by Keller Williams Realty | |||
Property Highlights
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 Salton City
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
Listed by: Osvaldo Beltran, Keller Williams Realty
Last Updated: 2 years ago
Data Source: CRMLS, MLS# 219133518DA
Last Updated: 2 years ago
Data Source: CRMLS, MLS# 219133518DA
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