28311 Vista Del Valle
About This Property
What sets this property apart is its dual water supply: connected to the city's water system yet supplemented by a valuable, and coveted, self-sustaining well. The grounds are a true botanical haven, filled with an array of cacti and native plants that flourish in the desert climate. It's a sanctuary for nature lovers, where the landscape feels as much a part of the home as the handcrafted mud-brick fence accentuating the character of the property.
The home's thick adobe walls exude a sense of rich history and timelessness featuring a cozy living room anchored by a classic brick fireplace, a large open kitchen with an adjoining storage space or possible laundry room, and three bedrooms plus two bathrooms.
A refreshing cool blue pool adds a perfect touch to outdoor enjoyment, making it an ideal spot for relaxation or entertaining while taking in the amazing views of the surrounding hills.
And the two-car garage provides ample parking for vehicles, There's plenty of open space for RVs, boats, and more. On a whimsical note, the "olde" on-site shed is rumored to have been a studio for the "Marmaduke" author.
As you drive up the gentle incline to the property, you'll find mostly flat, usable land spread across several slightly graded levels. These subtle gradients add character to the landscape providing for versatile space whether it's creating gardens, orchards, outdoor living areas, home expansion, or additional structures. Each level offers a unique perspective of the property and the surrounding hills, enhancing the sense of openness and potential for customization while maintaining the natural beauty of the surrounding landscape. Plentiful well water and a large cistern provide for ample and economical agricultural possibilities. Note: Propane Unconnected, City Water & Ancillary Well Being Checked. Non-functioning Well The CAD floorplans and a list of the plants are available upon request.
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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 |
|---|---|---|---|
| Jun 18, 2025 | Sold | ||
| Sold | |||
| May 12, 2025 | In contract | - | |
| In contract | |||
| Apr 28, 2025 | Listed by Berkshire Hathaway HomeServices California Realty | $549,999 | |
| Listed by Berkshire Hathaway HomeServices California Realty | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017