$20,000
●
Land -
Off Market
49474 Conejo Road
Morongo Valley, CA 92256
Studio
0 Bath
$33,430
RealtyHop Estimate
33.72%
Since Nov 1, 2020
National-US
Primary Model
About This Property
Panoramic, breathtaking views from these two lots, totaling over
half an acre. You can see San Gorgonio, the peak of San Jacinto,
and east across Morongo Valley toward Yucca Valley! Imagine the
sunrises and sunsets you'll witness from this parcel. Power and
water are available on the street. Native plants like cholla,
creosote, and wildflowers scatter the property. The possibilities
are endless! This listing includes APN 0584-143-11-0000 and APN
0584-143-10-0000.
Unit Size
-
Days on Market
351 days
Land Size
0.54 acres
Price per sqft
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Property Type
Land
Property Taxes
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Year Built
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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: 4 months ago (CRMLS #JT19244440)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Mar 8, 2024 | Sold | ||
| Sold | |||
| Nov 12, 2023 | Listed by RE/MAX LAKESIDE | $35,000 | |
| Listed by RE/MAX LAKESIDE | |||
| | |||
|
Two Morongo Valley parcels combined into 1 APN totaling over half an acre. The amazing sweeping views up to the snow-capped San Bernardinos contrast beautifully against the desert landscape. Public water and power are available at the street. Paved road in great commuting location, under 30 minutes to Palm Springs, Pioneer Town and Joshua Tree National Park. Plans, percolation test & topographical survey are on file to save you thousands on building costs! Don't let this lot get away. Drive by on by: Hwy 62, E on Hess, R on Conejo, Lot is on right hand side of 49462 Conejo
| |||
| Oct 2, 2020 | Sold | ||
| Sold | |||
| Oct 17, 2019 | Listed by Coldwell Banker Roadrunner | $25,000 | |
| Listed by Coldwell Banker Roadrunner | |||
Property Highlights
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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About Morongo Valley
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Listed by: Lark McMillan, Coldwell Banker Roadrunner
Last Updated: 4 months ago
Data Source: CRMLS, MLS# JT19244440
Last Updated: 4 months ago
Data Source: CRMLS, MLS# JT19244440
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