51001 Geronimo
About This Property
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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, 2025 | Sold | ||
| Sold | |||
| Feb 19, 2025 | Listed by Sharon Rose Realty, Inc. | $75,000 | |
| Listed by Sharon Rose Realty, Inc. | |||
| | |||
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Breathtaking views on 1.22 acres in the highly desirable Rimrock neighborhood of Pioneertown. The 92268 zip code has the highest priced homes in the entire Morongo Basin. Great long term investment area. Build your dream home. Property has legal road access and power in the street. For water, drill a well. Perched on a gentle slope this lot offers outstanding views of Sawtooth Ridge, Black Lava Butte, and Black Hill. Boulders, Joshua Trees, and desert fauna abound. Horse property. Starry nights. Only 8 minutes to the Pioneertown's old western town where you can enjoy food and drinks. Also the legendary Pappy and Harriet's live music venue, bar and grill. Several hiking and horseback trails such as the Pioneertown Mountains Preserve, the Sand to Snow: Black Lava Butte and Flat Top Mesa trails. For extra backwoods' excitement take your friends through Burns Canyon, a mountain pass that leads all the way to Big Bear. Not far from the Joshua Tree National Monument where in 2021 over 3 million tourists visited. Hot vacation area. Less than 1 hour to Palm Springs. About 2 hours and 20 minutes to Los Angeles. Ideal for a million dollar home. For all questions on building and usage buyers must contact the county planning office. For all questions on utilities buyers must contact the appropriate utilities agencies. APN 0593-261-10-0000 Address is a legal address. Don't Wait! Call Now! Adjacent lot also available from our office.
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| Jan 15, 2024 | No longer available | - | |
| No longer available | |||
| Jul 18, 2023 | Listed by Sharon Rose Realty, Inc. | $149,000 | |
| Listed by Sharon Rose Realty, Inc. | |||
| | |||
|
Breathtaking views on 1.22 acres in the highly desirable Rimrock neighborhood of Pioneertown. The 92268 zip code has the highest priced homes in the entire Morongo Basin. Great long term investment area. Build your dream home. Property has legal road access and power in the street. For water, drill a well. Perched on a gentle slope this lot offers outstanding views of Sawtooth Ridge, Black Lava Butte, and Black Hill. Boulders, Joshua Trees, and desert fauna abound. Horse property. Starry nights. Only 8 minutes to the Pioneertown's old western town where you can enjoy food and drinks. Also the legendary Pappy and Harriet's live music venue, bar and grill. Several hiking and horseback trails such as the Pioneertown Mountains Preserve, the Sand to Snow: Black Lava Butte and Flat Top Mesa trails. For extra backwoods' excitement take your friends through Burns Canyon, a mountain pass that leads all the way to Big Bear. Not far from the Joshua Tree National Monument where in 2021 over 3 million tourists visited. Hot vacation area. Less than 1 hour to Palm Springs. About 2 hours and 20 minutes to Los Angeles. Ideal for a million dollar home. For all questions on building and usage buyers must contact the county planning office. For all questions on utilities buyers must contact the appropriate utilities agencies. APN 0593-261-10-0000 Address is a legal address. Don't Wait! Call Now! Adjacent lot also available from our office.
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| Jun 11, 2020 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017