1122 Iris
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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 |
|---|---|---|---|
| Jun 1, 2026 | Sold | ||
| Sold | |||
| May 15, 2026 | In contract | - | |
| In contract | |||
| Apr 22, 2026 | Listed by Compass | $939,000 | |
| Listed by Compass | |||
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Amazing 3 bed, 2 bath STUNNING POOL home offering 1,359 sq ft with exceptional indoor/outdoor living, located about 12 blocks from the beach. This light and bright home features an open-concept great room with vaulted ceilings, creating an airy, spacious feel that lives larger than the square footage suggests. The interior has been tastefully remodeled with updated kitchen cabinetry, sleek quartz countertops, included appliances, and two spa-inspired bathrooms. Additional upgrades include newer flooring throughout, a newer roof, fully owned solar, and forced air HVAC for year-round comfort. An oversized 1-car garage with laundry hookups adds convenience and functionality. Step outside to your private backyard retreat—complete with a sparkling in-ground pool, expansive decking, and multiple areas designed for relaxing and entertaining. A serene palapa-style covered lounge, barbecue area, hammock space, artificial turf, and lush landscaping with mature plants and flowers create a true coastal oasis. Set in a laid-back beach community, this home offers the perfect blend of comfort, style, and lifestyle. Whether you're hosting poolside gatherings or heading down to the coast just minutes away, this is Imperial Beach living at its best.
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| Jan 3, 2025 | Listed | $935,000 | |
| Listed | |||
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Coastal Dream Home – Just 12 Blocks from the Beach! Discover your perfect beachside retreat in this stunning home, located only 12 blocks from the shore. With a relaxed coastal vibe and modern upgrades throughout, this property blends style, comfort, and efficiency. Step inside the spacious great room with vaulted ceilings that create an airy, open atmosphere perfect for gatherings. The remodeled kitchen features sleek countertops, updated cabinetry, and appliances included, making it ready for your culinary adventures. Both remodeled baths offer spa-like finishes for ultimate relaxation. This home boasts new flooring throughout, a new roof, and fully paid solar panels, ensuring energy efficiency and peace of mind. The forced air HVAC system keeps you comfortable year-round. Step outside to the gorgeous backyard oasis, complete with a sparkling pool—perfect for entertaining or unwinding after a day at the beach. The 2-car garage provides ample space for vehicles and beach gear. Don’t miss this opportunity to own your slice of coastal paradise—where every day feels like a vacation. Schedule your private tour today!
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| Dec 18, 2015 | Sold | ||
| Sold | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017