1128 Dawn Ridge Way
About This Property
Inside, bright open living spaces feature high ceilings, a modern fireplace, and sliding doors that open to the backyard. The remodeled kitchen includes a large island and connects to a second living area that works well for gatherings or everyday living.
The **private primary suite** offers a comfortable retreat, with a bathroom that includes a built-in Bluetooth speaker in the ceiling.
Beyond the cosmetic updates, the home has also seen important improvements to major components including a **newer roof, updated plumbing, and a newer HVAC system**, helping provide added peace of mind.
The backyard features a patio, lawn, and string lighting, creating a welcoming space for outdoor dining or relaxing evenings.
Conveniently located near **Restaurant Row** for popular shopping and dining, with quick access to the **10, 57, and 605 freeways**.
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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 |
|---|---|---|---|
| Apr 14, 2026 | Sold | ||
| Sold | |||
| Mar 20, 2026 | In contract | - | |
| In contract | |||
| Mar 9, 2026 | Listed by RE/MAX TOP PRODUCERS | $898,000 | |
| Listed by RE/MAX TOP PRODUCERS | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017