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6480 Hawarden
About This Property
This highly sought-after property, steeped in history once part of the William Irving Family Citrus Groves, was most recently the site of a secluded private estate lovingly maintained for decades until an unfortunate wildfire in July 2024. Now cleared and brimming with potential, this exceptional site offers an unparalleled opportunity for redevelopment.
The possibilities are endless: reimagine the land as a grand estate once again or develop up to three custom homesites, each averaging 2 acres, where three fortunate families can build their dream homes. The property boasts breathtaking views of the Prenda Arroyo and Alessandro Creek, with stunning city lights and majestic mountain vistas as the backdrop.
With its gentle slopes and remarkable privacy, this one-of-a-kind site is ready to inspire creativity and vision. Located in the prestigious Hawarden Hills neighborhood-renowned for its natural beauty and historic charm-this property is a rare gem in one of Riverside's most desirable areas.
Utilities are conveniently available at the site, including an existing water meter, making it an ideal canvas for your next chapter. Don't miss this extraordinary opportunity to shape the future of this extraordinary site!
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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 |
|---|---|---|---|
| May 7, 2026 | Price Decreased |
$1,500,000
↓ $250K
(14.3%) | |
| Price Decreased | |||
| Mar 16, 2026 | Listed by COMPASS | $1,750,000 | |
| Listed by COMPASS | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017