31144 5th Ave
About This Property
This presents a great opportunity for an owner-user or investor to revitalize a production grove while finishing a spacious residence to their exact standards. The property features a 4-bedroom, 5-bathroom home that has already been extensively upgraded, with just a few projects remaining. There is a finished chefs kitchen overlooking the grove with premier grade appliances, and several of the bathrooms have been completely renovated as well. he home also features a family room off the great room, a separate living room, and a sizable dining room. The primary suite has the original bathroom that is ready for a renovation, but it offers an excellent footprint. Under active management in 2023, the farm produced a substantial return of 20,977 lbs, generating over $19,600. Even more impressive is the grove's inherent productivity. In 2025, with no active upkeep, the trees still yielded 11,248 lbs and over $11,500 in returns. Furthermore, the property previously held a CCOF Organic Certification in 2022. Excellent Redlands Schools.
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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%.
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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.
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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 8, 2026 | Sold | ||
| Sold | |||
| Mar 21, 2026 | In contract | - | |
| In contract | |||
| Mar 6, 2026 | Listed by Shaw Real Estate Brokers | $1,375,000 | |
| Listed by Shaw Real Estate Brokers | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017