11101 Martha Ann Drive
About This Property
This single-story layout features 3 bedrooms and 2 bathrooms, with a spacious front yard that provides plenty of room to reimagine the outdoor landscape. The backyard includes mature fruit trees such as orange and apple, along with multiple patio areas and a built-in firepit that add to the usability of the space.
Inside, the home welcomes you with expansive living and dining areas filled with natural light. Large windows and French doors create an easy indoor-outdoor connection, offering garden views from several rooms. The living room features clean lines and a warm aesthetic, while the kitchen opens toward the family room-an ideal layout for everyday living and entertaining.
This is a great chance to bring your vision to a classic Rossmoor home with strong fundamentals and access to top-rated Los Alamitos schools. Whether you're seeking a first home, a downsizing option, or a property with potential to renovate and add long-term value, this opportunity is well worth a visit.
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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 |
|---|---|---|---|
| Feb 13, 2026 | Sold | ||
| Sold | |||
| Jan 21, 2026 | In contract | - | |
| In contract | |||
| Jan 18, 2026 | Price Decreased |
$1,299,000
↓ $50K
(3.7%) | |
| Price Decreased | |||
| Dec 15, 2025 | Price Decreased |
$1,349,000
↓ $50K
(3.6%) | |
| Price Decreased | |||
| Sep 14, 2025 | Listed by First Team Real Estate | $1,399,000 | |
| Listed by First Team Real Estate | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017