1212 Wellington Avenue
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 |
|---|---|---|---|
| Jul 31, 2017 | Sold | ||
| Sold | |||
| Jul 9, 2017 | Listed | $3,995,000 | |
| Listed | |||
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Situated in the desirable Linda Vista community of Pasadena, close to the Rose Bowl and Brookside Golf Course, this 5,770 square foot residence offers warm and welcoming interior spaces as well as a sumptuous outdoor entertaining area. A large motor court entry with formal fountain welcomes one to the nearly 22,000 square foot property while beautiful, terracotta tile flooring both indoors and out help to distinguish the home's Mediterranean architectural style. French doors seamlessly connect the first floor living areas with multiple alfresco respites, including a loggia and a built-in BBQ joining a tiled counter bar. Upstairs, the spacious master suite consists of a fireplace with sitting area and balcony overlooking the landscaped yard and gardens. Seclusion pervades this outdoor leisure area, comprised of an outdoor fireplace, spa, saltwater pool with water features, and neighboring dining patio all serve as an opportune setting for relaxing or hosting gatherings.The manager has listed the unit size as 5770 square feet.
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| Mar 14, 2017 | Listed by COMPASS | $3,995,000 | |
| Listed by COMPASS | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017