860 Lear Avenue
About This Property
Inside, you'll find vaulted ceilings with exposed wood beams, a cozy wood-burning stove, and abundant natural light streaming through large windows. The full kitchen provides ample space for cooking, while the bathroom includes a shower/tub combo, single sink vanity, and toilet. Step outside to the covered back patio or ascend the elevated viewing deck-an ideal spot for stargazing and taking in the expansive landscape.
For those with RVs, the property is equipped with 250-volt, 30-amp service and a dump hookup. With utilities already connected, this desert retreat is a rare find-perfect for a weekend getaway, or investment property.
Located just a short drive from Joshua Tree National Park, the renowned 29 Palms Art Gallery, and the vibrant Joshua Tree music and arts scene, this property is an adventurer's dream. Enjoy hiking, rock climbing, and endless outdoor exploration by day, then experience breathtaking sunsets and star-filled skies by night. Nearby, the city of 29 Palms offers dining, shopping, and entertainment, along with the historic Oasis of Mara and the Marine Corps Air Ground Combat Center.
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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 7, 2025 | Sold | ||
| Sold | |||
| Feb 24, 2025 | Listed by Coldwell Banker Roadrunner | $110,000 | |
| Listed by Coldwell Banker Roadrunner | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017