52324 Canyon Road
About This Property
The home boasts tongue-and-groove vaulted ceilings with exposed beams, enhancing its open floor plan and multi-level layout. The upper level includes three bedrooms, with the primary suite featuring a soaking tub, a private balcony, and stunning views. A three-quarter bath is conveniently located in the hallway, while a half bath serves the lower level.
The kitchen showcases tile countertops, oak cabinets, and oak-trimmed windows and doors, paired with a mix of carpet and tile flooring throughout the home.
On the lower levels, you'll find six basement rooms across two floors, offering endless possibilities for a home office, gym, or additional storage. A pellet stove on the first basement level adds warmth and character. The basement also includes a separate exterior entrance for added functionality.
Nestled amidst natural desert vegetation, this property offers breathtaking views of Morongo Valley and the San Gorgonio mountain range. While the home is livable, it presents an excellent opportunity for renovation to unlock its full potential.
Utilities include propane, private water, and Edison power. Don't miss the chance to own a property with this much character and potential.
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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 |
|---|---|---|---|
| Sep 12, 2025 | Sold | ||
| Sold | |||
| Aug 30, 2025 | In contract | - | |
| In contract | |||
| Dec 13, 2024 | Listed by Coldwell Banker Roadrunner | $499,900 | |
| Listed by Coldwell Banker Roadrunner | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017