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57672 Shepherd Lane
About This Property
As you drive up to the property, you're accompanied by Joshua trees, lush desert vegetation, and stunning boulder mountains in the backdrop. Pulling into this multi-level lot, you get a sense of how special and unique this property really is! The main cabin, featuring two bedrooms, one bathroom, and 1,248 square feet, offers plenty of character and a canvas for you to create your ideal home.
Stepping through the door, you find an open floor plan along with many original features and aesthetics from the 1960s that people fall in love with. Open beam, large living room windows, and wood paneling add to its unique character. Stepping back outside, a covered patio designed to take advantage of the views to the west entices you to sit out and enjoy the open desert or just relax at the end of the day, enjoying a soft breeze.
The large two-car garage is perfect for anyone looking for extra storage space or needing a great workshop! Just off the garage is a small apartment, which would be great for guests or could be utilized as an office, art studio, or music studio!
On the second level of the lot, the property comes with three side-by-side shipping containers, which would also provide great storage space or whatever you can dream of! Bring your tools and your vision, and take advantage of this one-of-a-kind opportunity before it's gone!
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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 |
|---|---|---|---|
| Oct 4, 2026 | In contract | - | |
| In contract | |||
| Sep 14, 2026 | Listed by Cherie Miller & Associates | $235,000 | |
| Listed by Cherie Miller & Associates | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017