11147 Phillippi Avenue
About This Property
What makes this property even more special? The seller has approved plans to add an additional 2-bedroom, 1-bath ADU with a kitchen in the backyard-creating even more opportunity for added value and rental income.
The spacious lot also features mango, grape, lemon, orange, granada, and avocado trees, giving you a lush, private backyard perfect for relaxing, entertaining, or even enjoying your own mini fruit harvest.
Additional highlights include a gated driveway with ample parking, a nicely kept front yard, and close proximity to schools, shopping, and major freeways-making this a great opportunity for homeowners and investors alike.
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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 |
|---|---|---|---|
| Jul 11, 2025 | Sold | ||
| Sold | |||
| Jun 21, 2025 | In contract | - | |
| In contract | |||
| Jun 6, 2025 | Listed by eXp Realty of Southern California, Inc | $825,000 | |
| Listed by eXp Realty of Southern California, Inc | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017