1
Map
$9,999
↑ $1K (12.3%)
●
Land -
For Sale
2902 Leto
Thermal, CA 92274
Studio
0 Bath
$50
Est. Monthly
About This Property
Prime residential vacant lot located in Thermal, CA in Imperial
County offering approximately 10,628 sq ft of flat, usable land
with convenient access to nearby utilities (buyer to verify). This
property presents an excellent opportunity for buyers looking to
build a custom or manufactured home or invest in a growing area.
With low down payment options available, including programs
starting around 3.5% down, buyers may be able to utilize the land
value toward their construction financing, making building more
accessible. Enjoy peaceful desert surroundings with proximity to
local amenities, major roadways, and future development in the
area. Buyer to verify zoning, utilities, and all aspects of
development.
Unit Size
-
Days on Market
201 days
Land Size
0.25 acres
Price per sqft
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Property Type
Land
Property Taxes
-
HOA Dues
-
Year Built
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Listed By
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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 months ago (CRMLS #SW26082848)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 27, 2026 | Price Increased |
$9,999
↑ $1K
(12.4%) | |
| Price Increased | |||
| Jul 25, 2026 | Relisted | $8,900 | |
| Relisted | |||
| May 10, 2026 | No longer available | - | |
| No longer available | |||
| Mar 3, 2026 | Listed by Rise Realty | $9,999 | |
| Listed by Rise Realty | |||
Property Highlights
Exterior Details
Lot Features: ZeroToOneUnitAcre
Lot Size Area: 10671
Lot Size Units: Square Feet
Lot Size Acres: 0.245
Lot Size Square Feet: 10671
Tax Lot: 2
Water Source: Public
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
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Sold On
Sold On
HOA + Taxes
About Salton City
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Listed by: Gilberto Garcia, Rise Realty
Last Updated: 2 months ago
Data Source: CRMLS, MLS# SW26082848
Last Updated: 2 months ago
Data Source: CRMLS, MLS# SW26082848
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