1051 Padre Drive #4
About This Property
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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 |
|---|---|---|---|
| Dec 17, 2024 | Sold | ||
| Sold | |||
| Nov 22, 2024 | In contract | - | |
| In contract | |||
| Nov 15, 2024 | Listed by KW Coastal Estates | $549,998 | |
| Listed by KW Coastal Estates | |||
| | |||
|
If you are looking for the perfect move-in-ready home in South Salinas, look no further! A newly available condominium features two spacious bedrooms and two updated full bathrooms. This property includes three private patios and a one car garage, which can be accessed conveniently through one of the patios. The residence boasts 100% wool carpet, contributing to its charm. It also offers a modern kitchen equipped with a breakfast bar as well as a pantry. Additionally, there is a utility room designated for laundry purposes. This property is situated in a tranquil area and is ready for immediate occupancy. Don't lose the opportunity to miss out on your future home!
| |||
| Jun 22, 2018 | Sold | ||
| Sold | |||
| Feb 19, 2018 | Listed by Vanco Real Estate Executives | $399,000 | |
| Listed by Vanco Real Estate Executives | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
11/24/2025
|
1 Bed
|
1 Bath
|
915 ft²
|
$495,000
1 Bed
1 Bath
915 ft²
|
$300,000
-39.39%
07/20/2026
|
Antonino Aiello
International Estates, Inc.
| |
|
11/15/2024
|
2 Bed
|
2 Bath
|
1287 ft²
|
$549,998
2 Bed
2 Bath
1287 ft²
|
$551,100
+0.20%
12/17/2024
|
Julia M Hanson
KW Coastal Estates
| |
|
03/13/2019
| |
2 Bed
|
1 Bath
|
1130 ft²
|
$359,000
2 Bed
1 Bath
1130 ft²
|
-
-
|
-
|
|
05/15/2018
| |
2 Bed
|
2 Bath
|
1287 ft²
|
-
2 Bed
2 Bath
1287 ft²
|
-
-
|
-
|
|
02/19/2018
|
2 Bed
|
2 Bath
|
1287 ft²
|
$399,000
2 Bed
2 Bath
1287 ft²
|
$390,000
-2.26%
06/22/2018
|
Chantel Henson
Vanco Real Estate Executives
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017