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5747 Marvin Drive
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%.
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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 |
|---|---|---|---|
| Apr 7, 2026 | Price Decreased |
$45,000
↓ $5K
(9.1%) | |
| Price Decreased | |||
| Nov 3, 2025 | Listed by Cherie Miller & Associates | $49,500 | |
| Listed by Cherie Miller & Associates | |||
| Mar 20, 2019 | Sold | ||
| Sold | |||
| Dec 3, 2018 | Listed by Orange Realty, Inc. | $20,000 | |
| Listed by Orange Realty, Inc. | |||
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Wonderful location on the eastern edge of Yucca Valley. This 1.25 acre lot is 165' wide and 331' deep, with access to water lines and electricity. It is fairly level with a gentle slope to the rear. The western edge of the property is on Marvin Drive. There are nice homes built on the lots across the street, as well as on the lots adjacent to the northern and southern property lines. The view to the east faces Yucca Mesa Road and offers expansive views of the beautiful desert valley beyond. The water main is in the street and there are fire hydrants. The lot faces west. An electric pole is at the front of the property on the southwest corner of the lot. Marvin Drive is not paved and Douglas Lane appears to have been paved at one time. The property is just 165 feet from Douglas Road and a total of 800 feet from the nicely paved Yucca Mesa Road. The clean air and desert landscape make it seem that you are miles away from civilization, but this lot is just 2 miles from Home Depot and 3 miles from a Starbucks. The Joshua Tree National Park Visitor Center is only 4.4 miles away. The scenic Twentynine Palms Highway is 1.2 miles to the south. The location has a out in the country feel but it is surprisingly close to shopping, restaurants and a variety of local businesses. This would be a great location to build a home or a winter retreat.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017