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28710 State Highway 18
About This Property
The site is entirely flat and fully usable, with no hillside or sloped terrain, providing a significant advantage for future planning, agricultural use, estate development, or land banking. Utilities, including electrical service, are available along the roadway, distinguishing the property from remote desert parcels lacking infrastructure access.
Zoned RL (Rural Living), the property allows for low-density residential uses, ranch and estate homes, agricultural uses, and related rural uses, subject to county and town requirements. The zoning supports long-term ownership strategies, including large-parcel subdivision (subject to approval), agricultural operations, or private estate holdings, while maintaining controlled density and land-use stability.
Highway 18 serves as one of the primary access routes to Big Bear Lake, a year-round regional tourism destination, generating consistent daily traffic volume and long-term visibility. Additionally, the property is situated within the broader Victor Valley / High Desert growth area, which continues to benefit from regional infrastructure investment and long-term population and tourism trends, including anticipated impacts from the Brightline West high-speed rail corridor.
Large, flat parcels with highway frontage, utilities at the street, and clear zoning designations are increasingly scarce in this submarket. This offering presents an opportunity for investors, land banking groups, agricultural users, or estate buyers seeking scale, access, and long-term positioning along a major Southern California travel corridor.
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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 |
|---|---|---|---|
| Dec 24, 2025 | Listed by CBD Investment Inc. | $1,300,000 | |
| Listed by CBD Investment Inc. | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017