71120 Oasis
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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.
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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 |
|---|---|---|---|
| Sep 4, 2025 | Sold | ||
| Sold | |||
| Aug 7, 2025 | In contract | - | |
| In contract | |||
| Jun 5, 2025 | Listed by KUD Properties, Inc. | $1,350,000 | |
| Listed by KUD Properties, Inc. | |||
| | |||
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A Hidden Gem in the Coachella Valley - Welcome to Cahuilla Hills, where tranquility meets stunning desert beauty and short term rentals are allowed. This rare offering includes three contiguous parcels totaling 5 acres with unobstructed panoramic views of the valley below. Situated just minutes from Palm Desert and the world-class shopping and dining of El Paseo, this unique property offers the perfect blend of seclusion and convenience.The property features: Paved road access and utilities to the site. An existing cabin on the center parcel, equipped with permitted electricity, city water, and septic. Direct access to thousands of acres of protected BLM land, ensuring privacy and preserving the natural landscapeEnjoy peaceful desert living with city lights at night, native wildlife including American Kestrels, owls, and bighorn sheep, and easy access to local hiking trails right from your neighborhood.3 Parcels Included:APN 628-330-002 (1.8 acres)APN 628-330-003 (1.2 acres)APN 628-330-004 (2.0 acres)Total: 5 acres | Offered at $1,350,000Whether you're looking to build your dream home, a compound, develop spec houses, or invest in a one-of-a-kind location, this opportunity in Cahuilla Hills is not to be missed. Being that the property is in the Riverside County sphere of Palm Desert, STR are allowed. Buyer and Buyer's Agent to verify all information with Riverside County Planning Department and local utility providers regarding grading, development, and land use regulations.
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| Nov 19, 2019 | Sold | ||
| Sold | |||
| Oct 18, 2019 | Listed by Cherie Miller & Assoc. | $425,000 | |
| Listed by Cherie Miller & Assoc. | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017