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About This Property
Much of the groundwork for your future home is already in place. The property features an existing well, electric service, and septic system, along with a graded building pad. The pad was designed with permits for a 1200 square foot manufactured home.
Located less than 0.4 miles from paved road, the parcel offers a desirable combination of accessibility, privacy, elevation, and open space. The hillside setting provides expansive sightlines and a peaceful rural atmosphere while remaining conveniently situated above the Anza community.
Anza, located in southwest Riverside County, sits strategically between the Temecula Valley and Coachella Valley communities, providing access to the amenities, shopping, dining, entertainment, and services found in both areas. At approximately 4,000+ feet in elevation, Anza enjoys a distinct four-season climate, with cool winters, spring wildflowers, warm summers, and crisp autumn weather. Whether envisioned as a full-time residence, weekend getaway, or rural property, this parcel offers the space and infrastructure to bring your plans to life.
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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 |
|---|---|---|---|
| Sep 22, 2026 | Listed by HomeSmart Realty West | $185,400 | |
| Listed by HomeSmart Realty West | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017