55
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61186 Sespe Street
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 |
|---|---|---|---|
| Jun 26, 2026 | Listed by Sharon Rose Realty, Inc. | $395,000 | |
| Listed by Sharon Rose Realty, Inc. | |||
| Apr 22, 2025 | Listed | $395,000 | |
| Listed | |||
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Beautufully remodeled 2 homes on 5 acres in trendy Landers, California! Property includes a 2b 2ba manufactured home plus an approximately 600 sq ft 1b 1ba cabin. 5 large acres with privacy and views for miles with large mature trees. Live in one and rent out the other. Enjoy starry nights and peaceful country living. On the Joshua Tree side of Landers, this is very close to Joshua Tree and shorter drive time to the Village and the Park than some north Joshua Tree homes. Close to Johnson Valley off road park for off road adventures. This area offers great opportunities for having a getaway ranch, vacation rental and or private residence. Joshua Tree National Monument is about 17 miles away where annually about 3 million tourists visit the park. Views of Goat Mtn, Mt. Hidalgo, and vistas of amazing sunsets that illuminate the Bullion Mtns to the east. Close to many patches of government land to hike and ride horses. All amenities are a short drive to Yucca Valley. 60 miles to skiing and fishing in Bear Bear Lake. 46 miles to golf and nightlife in Palm Springs. 140 miles to downtown Los Angeles. Square footage is approximate. Priced to Sell! Don't miss this one - Call Now!
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| Feb 2, 2024 | No longer available | - | |
| No longer available | |||
| Jan 17, 2024 | Price Decreased |
$425,000
↓ $100K
(19.1%) | |
| Price Decreased | |||
| Oct 21, 2023 | Listed by Compass | $525,000 | |
| Listed by Compass | |||
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Introducing a unique desert oasis nestled in the heart of Landers, California, at 61186 Sespe St. This exceptional property offers not one, but two meticulously remodeled homes sprawled across 5 sprawling acres of awe-inspiring desert terrain. With a 2-bedroom, 2-bathroom main residence and a charming 1-bedroom, 1-bathroom cabin (measuring 600 sqft), the possibilities are as vast as the landscape itself.Imagine the potential! Whether you're seeking an investment opportunity, a serene vacation retreat, or a harmonious blend of both, this property has it all. The dual homes present the ideal scenario for an Airbnb rental, allowing you to maximize your returns while basking in the tranquility of the desert surroundings. Alternatively, live in one residence and lease the other, creating a steady stream of rental income.As the sun dips below the horizon, the property's fire pit arena comes alive, setting the stage for unforgettable star-gazing events and evenings filled with warmth and camaraderie. The sprawling 5-acre canvas invites your creativity to flourish. Picture a serene yoga deck, a refreshing pool or jacuzzi, or additional ADUs (Accessory Dwelling Units) to expand your rental potentialall within your reach.Situated in close proximity to the renowned Joshua Tree National Park, this side of Landers offers convenience and easy access to the park's captivating hot spots, rivaling even some parts of Joshua Tree itself. Adventure enthusiasts will delight in the property's proximity to Johnson Valley, an off-road park that beckons with thrilling off-road escapades.Marvel at the panoramic views that include the majestic Goat Mountain, the iconic Mt. Hidalgo, and awe-inspiring vistas of sunsets casting their golden glow over the Bullion Mountains to the east. Your every moment here will be a masterpiece of natural beauty and tranquility.This unique gem is priced to sell swiftly, as the seller is relocating out of state and is motivated to make a timely move. Don't miss this incredible opportunity to own a piece of Landers paradiseschedule your viewing today and let your desert dreams come to life at 61186 Sespe St. The manager has listed the unit size as 1076 square feet.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017