11328 Elmcrest Street
About This Property
A detached 2-car garage includes an additional office space at the rear, perfect for working from home or creative use. The property also offers a guest house complete with its own kitchen and bathroom, ideal for extended family and visitors. The expansive backyard presents an excellent opportunity for future development, including the potential to build an ADU (Accessory Dwelling Unit), while still maintaining ample outdoor space for entertaining, gardening, or relaxation. Conveniently located near shops, markets, schools, and transportation, this property is the perfect starter home with incredible upside potential.
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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 |
|---|---|---|---|
| Nov 21, 2025 | Sold | ||
| Sold | |||
| Oct 19, 2025 | In contract | - | |
| In contract | |||
| Sep 29, 2025 | Listed by Re/Max Premier Prop Arcadia | $835,000 | |
| Listed by Re/Max Premier Prop Arcadia | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017