9
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34770 Cambria
About This Property
Beyond potential agricultural uses such as renewed alfalfa or row-crop production, livestock and equestrian operations, and specialty or water-efficient agriculture, the property's scale may support agrivoltaic development, solar and renewable-energy projects, or battery-storage siting, subject to applicable zoning, entitlements, agricultural preserve requirements, and governmental approvals. The property is currently subject to a solar generating facility land option and lease agreement that current ownership does not intend to renew, and that expires in February 2027, potentially providing a future owner with flexibility to pursue agricultural operations, negotiate new solar or energy lease terms, or evaluate other permitted uses. Offered exclusively as a package with all three APNs conveying together, this Lucerne Valley land offering presents a rare opportunity to acquire substantial acreage together with an increasingly difficult to reproduce adjudicated water allocation in the Mojave Basin Area.
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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%.
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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 |
|---|---|---|---|
| Sep 29, 2026 | Listed by Lee & Associates | $3,879,000 | |
| Listed by Lee & Associates | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017