7
Map
$87,000
●
Land -
For Sale
41 Fredalba Road
Running Springs, CA 92382
Studio
0 Bath
$599
Est. Monthly
$171
HOA / Fees
About This Property
Welcome to Smiley Park Country Club, a private mountain community
just a 2-hour drive from most Southern California cities. This
1.5-acre property offers breathtaking panoramic and city-light
views, abundant wildlife including deer and quail, and the perfect
setting for nature lovers seeking a serene escape.
Water is already connected, electric is available, and propane service may be an option (buyer to verify). The property sits on leased land-upon transfer, the new owner will receive a 99-year lease at no cost.
Smiley Park Country Club offers an HOA of just $171/month, which includes water from the community's private water tower, road maintenance, and access to the clubhouse and swimming pool. With all four seasons to enjoy, this community is an ideal place to build your dream home, mountain getaway, or full-time retreat.
Owner may carry. Don't miss this opportunity to own in one of Southern California's best-kept mountain secrets!
Water is already connected, electric is available, and propane service may be an option (buyer to verify). The property sits on leased land-upon transfer, the new owner will receive a 99-year lease at no cost.
Smiley Park Country Club offers an HOA of just $171/month, which includes water from the community's private water tower, road maintenance, and access to the clubhouse and swimming pool. With all four seasons to enjoy, this community is an ideal place to build your dream home, mountain getaway, or full-time retreat.
Owner may carry. Don't miss this opportunity to own in one of Southern California's best-kept mountain secrets!
Unit Size
-
Days on Market
153 days
Land Size
1.50 acres
Price per sqft
-
Property Type
Land
Property Taxes
-
HOA Dues
$171
Year Built
-
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: 5 months ago (CRMLS #SW26122224)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jun 3, 2026 | Listed by The Agency | $87,000 | |
| Listed by The Agency | |||
| Dec 2, 2024 | Price Decreased |
$87,000
↓ $12K
(12.1%) | |
| Price Decreased | |||
| Oct 11, 2024 | Relisted | $99,000 | |
| Relisted | |||
| Oct 5, 2024 | No longer available | - | |
| No longer available | |||
| Apr 14, 2024 | Listed | $99,000 | |
| Listed | |||
| | |||
|
This property is located in a private mountain community called Smiley Park Country Club, which is situated within a 2-hour drive of most Southern California cities and suburbs. The property sits on 1.5 acres and boasts stunning city light and panoramic views. The area is abundant with wildlife, including deer & quail, making it a great place for nature lovers. The property is on leased land, and the lease will terminate upon sale of the property, at which point a new lease for a 99-year term will begin for the new owner. There is no cost for the lease. Water is hooked up and electric is available to be hooked up. The property could be serviced by propane gas, but the buyer should verify this. The HOA fee for Smiley Park Country Club is $171 per month, which covers water fees from their own water tower, road maintenance, and use of a clubhouse and swimming pool for the owners. This property provides an opportunity to build your dream home or retreat in a beautiful mountain community with all four seasons. (Owner May Carry)
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Property Highlights
With View
Exterior Details
Lot Features: Paved, ZeroToOneUnitAcre
Lot Size Area: 1.5
Lot Size Units: Acres
Lot Size Acres: 1.5
Lot Size Square Feet: 65340
Tax Lot: A
Water Source: Private
Utilities Details
Sewer : Unknown
Location Details
HOA Fee: $171
HOA Fee Frequency: Monthly
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Running Springs
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Listed by: Marcel Atallah, The Agency
Last Updated: 5 months ago
Data Source: CRMLS, MLS# SW26122224
Last Updated: 5 months ago
Data Source: CRMLS, MLS# SW26122224
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