4468 Mustang Road
About This Property
The property truly impresses with its expansive grounds and amenities, including an oversized detached garage with space for multiple vehicles -ideal for car enthusiasts, contractors, or anyone needing substantial storage. There is also a partially completed space above the garage, offering exciting potential for a future ADU, guest quarters, or possible income-producing unit (not currently permitted as living space).
A huge, newer concrete circular driveway completed in 2021 provides abundant parking, and there's room for RV parking, additional vehicles, toys, or equipment. The grounds are dotted with mature fruit trees (persimmon, orange, grapefruit, pomegranate and more) and include existing animal enclosures-perfect for those interested in a hobby farm setup, chickens, or other small animals.
The home includes a newer HVAC system also installed in 2021, offering a great starting point for updates. While the property does need some TLC, it presents a fantastic opportunity for buyers to build sweat equity and customize to their vision.
With its rare lot size, versatile improvements, and endless possibilities, this is a one-of-a-kind property you won't want to miss! Please Note: Home is being sold AS-IS.
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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%.
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 |
|---|---|---|---|
| May 8, 2026 | Sold | ||
| Sold | |||
| Apr 29, 2026 | In contract | - | |
| In contract | |||
| Apr 15, 2026 | Listed by First Team Real Estate | $998,000 | |
| Listed by First Team Real Estate | |||
Property Highlights
Building Info
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Price/ft²
Listed On
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About San Bernardino
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017