31111 Red Mountain
About This Property
INVESTORS & BUILDERS – OPPORTUNITY AWAITS! 10 acres! Yes, you read that right!
Look no further! This exceptional property is located in a majestic area of unincorporated Riverside County, near Hemet. The sale includes two contiguous 5-acre parcels (totaling 10 acres) plus an additional 9,000 sq. ft. lot that serves as the driveway providing access to all three parcels.
All parcels must be sold together - list price reflects the combined total. This is a probate sale, offered for land value only. Any existing structures on the properties are not habitable.
Imagine the possibilities! Accordin to the County of Riverside, you can build a Single-Family Residence, an ADU, and a Junior ADU on each parcel - a rare chance to create multiple homes or a private compound in a beautiful, rural setting (please verify directly with the Riverside County Planning Department).
Don't miss the virtual tour and aerial photos to appreciate the scope and potential of this incredible investment opportunity!
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Cap Rate Calculator
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 |
|---|---|---|---|
| Apr 24, 2026 | Sold | ||
| Sold | |||
| Mar 5, 2026 | In contract | - | |
| In contract | |||
| Dec 18, 2025 | Price Decreased |
$399,000
↓ $50K
(11.1%) | |
| Price Decreased | |||
| Nov 13, 2025 | Listed by Brick & Co Real Estate | $449,000 | |
| Listed by Brick & Co Real Estate | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017