Runway Living Meets Country Charm. Experience a rare opportunity to
own one of SoCal's unique aviation properties-an upgraded,
runway-direct custom home with a private airplane hangar on a
2.69-acre fully fenced parcel in the beautiful aviation and
equestrian community of Lake Riverside Estates. Surrounded by
mature pines and an impressive orchard of 48 fruit trees, this
property blends aviation convenience with peaceful country living.
The all-level acreage provides possibilities for future
improvements, whether you envision an additional hangar, workshop,
RV storage, horse facilities, or simply room to enjoy the open
space. The well-maintained residence offers a bright, welcoming
interior with new vinyl flooring and complete exterior stucco,
paint, and roof replacement in May 2024. The functional floor plan
features two bedrooms and a full bathroom on the main level, along
with a spacious living room, kitchen, and dining area. Upstairs,
the private primary suite serves as a tranquil retreat, complete
with a cozy wood-burning stove and mountain/treetop views framed by
large picture windows. Two outdoor balconies and a rear concrete
patio create inviting spaces to relax and take in the natural
beauty. Aviation enthusiasts will appreciate the direct runway
access and aircraft hangar, complete with a permitted apartment;
also improved in 2024 with new stucco, paint and roof. The hangar
accommodates most private aircraft; the hangar door measures
approximately 37'4" wide by 9'11" high. Pride of ownership is
evident throughout the property, with numerous system improvements
including replaced water heaters in both the home and hangar
apartment, serviced electrical systems, well and septic
maintenance, and automated irrigation servicing the orchard.
Additional features include an attached three-car garage, concrete
driveway, taxiway and sidewalk. At approximately 3,400 feet in
elevation, Lake Riverside Estates offers an unmatched lifestyle
with miles of riding trails, a private 55-acre lake, equestrian
arena, sports courts, and a vibrant aviation community. The
community's 3,600-foot paved and lighted runway (54CL) features
VASI guidance and a recently added AWOS weather reporting system,
making arrivals and departures both convenient and accessible.
Properties of this caliber are seldom available. Combining acreage,
direct runway access, a private hangar, upgrades, and lifestyle,
this is a truly exceptional opportunity to own a hidden aviation
treasure.
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.
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