25
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52390 Altadena
About This Property
The centerpiece of this property is the permitted 1,125-square-foot garage/workshop, thoughtfully improved to support a wide range of creative, recreational, or residential uses. Perched to capture sweeping views across the entire valley, this versatile space features central heating and air conditioning, a loft, full bathroom with laundry facilities, dedicated workshop area, a soundproof music room, and a secure vault-style room ideal for storage, equipment, collectibles, or a private retreat. Whether you're an artist, musician, craftsman, entrepreneur, or hobbyist, this extraordinary space provides the flexibility to bring your vision to life.
The property also includes a 2-bedroom, 1-bath home. With the workshop's extensive amenities, owners may appreciate the flexibility and convenience it provides during renovation projects or creative pursuits.
Surrounded by panoramic mountain and valley views, this is your chance to own a truly special piece of the High Desert. Enjoy spectacular sunrises, unforgettable sunsets, star-filled skies, and room to roam, and create.
Conveniently located approximately 20 minutes from Joshua Tree National Park, 30 minutes from Palm Springs International Airport, and just minutes from downtown Morongo Valley, you'll have easy access to local restaurants, shops, the weekly Farmers Market, and the renowned Big Morongo Canyon Preserve, a world-class destination for birdwatching and nature enthusiasts.
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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 27, 2026 | In contract | - | |
| In contract | |||
| Aug 20, 2026 | Price Decreased |
$360,000
↓ $15K
(4%) | |
| Price Decreased | |||
| Jun 24, 2026 | Listed by Inspire Real Estate | $375,000 | |
| Listed by Inspire Real Estate | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017