1112 B Street
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 |
|---|---|---|---|
| Sep 25, 2025 | Sold | ||
| Sold | |||
| Aug 22, 2025 | In contract | - | |
| In contract | |||
| Aug 7, 2025 | Listed by Peter San Nicolas, Broker | $592,500 | |
| Listed by Peter San Nicolas, Broker | |||
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Charming Home with Dual Zoning – Endless Potential in the Heart of Ramona! Welcome to 1112 B Street, a rare gem nestled on a peaceful street just steps from downtown Ramona. This inviting 2-bedroom, 1-bathroom home offers 830 sq ft of thoughtfully designed living space, ideal for first-time buyers, downsizers, or investors seeking a unique opportunity. Step inside to discover a spacious kitchen perfect for hosting and home-cooked meals, and enjoy the comfort of cozy bedrooms with great natural light. Sitting on a generous 0.20-acre usable lot, there's plenty of room to expand, garden, entertain, or create your dream outdoor retreat. But what truly sets this property apart is its versatile dual residential / commercial zoning—use it as a charming personal residence, live in the front and have a business in the back area, convert it into a boutique office / yoga studio, or explore income-producing possibilities (buyer to verify). Two sturdy sheds (one shed being two stories) provide bonus space for storage, hobbies, man cave / she shed or even a workshop. RV parking w/ power hook-up. Uncovered carport & secondary access to backyard through full-size gate for vehicles. Located just minutes from shops, restaurants, schools, and essential amenities, this home combines the best of convenience, charm, and future potential—all in a friendly, walkable neighborhood. Don't miss this rare chance to own a flexible-use property with unlimited upside. Schedule your showing today and imagine the possibilities!
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| Sep 22, 2017 | Sold | ||
| Sold | |||
| Mar 21, 2017 | Listed by ReMax Direct | $324,900 | |
| Listed by ReMax Direct | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017