4687 Border Avenue
About This Property
This offering goes beyond convenience, it's located in one of Southern California's most historically significant and culturally rich destinations. Joshua Tree has long drawn artists, musicians, and seekers of desert beauty, from the days of Gram Parsons at the Joshua Tree Inn to today's thriving art and music scene. The area's proximity to Joshua Tree National Park, a landmark visited by millions each year, adds lasting value and demand for housing. For builders, investors, or developers, this property provides the opportunity to create four homes in a setting that blends timeless desert character with modern demand.
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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 |
|---|---|---|---|
| Dec 30, 2025 | Sold | ||
| Sold | |||
| Nov 19, 2025 | In contract | - | |
| In contract | |||
| Oct 28, 2025 | Price Decreased |
$75,000
↓ $10K
(11.8%) | |
| Price Decreased | |||
| Oct 14, 2025 | Price Decreased |
$85,000
↓ $15K
(15%) | |
| Price Decreased | |||
| Sep 8, 2025 | Listed by Coldwell Banker Roadrunner Realty | $99,999 | |
| Listed by Coldwell Banker Roadrunner Realty | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017