1227 MONTECITO Drive
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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%.
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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.
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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 |
|---|---|---|---|
| Oct 6, 2021 | No longer available | - | |
| No longer available | |||
| Nov 21, 2020 | In contract | - | |
| In contract | |||
| Nov 8, 2020 | Listed | $899,000 | |
| Listed | |||
| | |||
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Native plants & two mature olive trees line the stairs to this beautiful 1920s Spanish home. Tastefully renovated a few years ago to save original details while bringing the home into a 21st Century lifestyle. The open floorplan connects the new kitchen to the dining room & living room beyond, anchored by a vintage fireplace. French doors open onto a large flat grassy backyard & decomposed granite in the front yard perfect for dining alfresco! Hillside views from Downtown to San Pedro. Redone inside & out, with newer wood windows & doors, newer roof, foundation retrofitted & custom cabinetry. Carrera marble & quartz countertops, stainless appliances, hand-painted ceramic tile & wood floors. Newly rebuilt Fireplace & a Carport deck for more outdoor space. Truly the feel of Europe right here in Montecito Heights, a private hillside community where you can work/live in tranquility. Walk to the Audubon Center in Debs park, close Highland Park & minutes to DTLA. The manager has listed the unit size as 928 square feet.
| |||
| Mar 27, 2018 | Sold | ||
| Sold | |||
| Feb 26, 2018 | Listed by Deasy Penner & Partners | $795,000 | |
| Listed by Deasy Penner & Partners | |||
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About East LA
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017