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6650 Hillview Road
About This Property
Multi-Residential, Church, Community Center, ADUs
Land qulifies for California density bonus law. Goverment code 659-15-65918
Located just 1 block from Highway 62 and 2 blocks from Park Street, this property sits within walking distance to restaurants, shopping, live music, art shows, Farmers Market, and local attractions. The Joshua Tree National Park entrance is only 5 miles away, drawing over 3 million visitors annually, which supports strong rental demand in the area.
All utilities are nearby, and the lot contains NO Joshua Trees, eliminating mitigation delays and reducing development complexity and costs.
The adjacent parcel at 61547 Division Street is also available, presenting a rare opportunity to expand unit count or scale an investment footprint in a prime location.
This property offers multiple exit strategies:
• Build and hold for long-term rental income
• Develop multi-units in a high-demand tourist and residential market
• Combine parcels for a larger multi-unit project
Included in the price are non-approved architectual plans for a 2-Story Duplex / 2,240 SF / 4 Bedrooms / 4 Bathrooms / 2 Garages Plus / 3 Detached ADU Options / 560 SF · 735 SF · 1,008 SF (These plans were approved for another parcel nearby)
Buyer to verify zoning, density, plan transferability, utilities, dimensions, and development feasibility.
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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 |
|---|---|---|---|
| Apr 2, 2026 | Listed by Real Estate Source, Inc | $99,000 | |
| Listed by Real Estate Source, Inc | |||
| Sep 29, 2023 | No longer available | - | |
| No longer available | |||
| Sep 17, 2023 | Price Decreased |
$99,000
↓ $9K
(8.3%) | |
| Price Decreased | |||
| Apr 27, 2023 | Relisted | $108,000 | |
| Relisted | |||
| Apr 20, 2023 | In contract | - | |
| In contract | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017