1240 S Grade Rd
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 |
|---|---|---|---|
| May 18, 2026 | Sold | ||
| Sold | |||
| Apr 15, 2026 | In contract | - | |
| In contract | |||
| Apr 5, 2026 | Listed by eXp Realty of California, Inc. | $1,200,000 | |
| Listed by eXp Realty of California, Inc. | |||
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Tucked behind a private gate, this stunning property offers the perfect blend of space, privacy, and California outdoor living on over an acre of flat, usable land. From the moment you arrive, you’re welcomed by a peaceful, park-like setting with expansive grounds, mature landscaping, and room to truly spread out. Designed for both entertaining and everyday living, the outdoor space is a true highlight. Enjoy a saltwater pool and spa, covered patio, and multiple areas to gather—plus 2 RV pads with hookups, dual gated access, boat storage, plenty of room for all your toys and equestrian-ready property. A seasonal creek, chicken coop, shed, and well water add to the property’s charm and versatility. The grounds are lined with a wide variety of fruit trees, creating your own private orchard with cherimoya, apricot, peach, multiple apple varieties (Anna, Fuji, Gala), avocado, banana, lemon, lime, pear, mango, guava, loquat, golden mandarins, and grapevines—offering fresh, homegrown produce throughout the seasons. Inside, the home features a spacious and flexible layout filled with natural light. The open-concept kitchen includes a large island, stainless steel appliances, and flows seamlessly into the dining and living areas, complete with a cozy fireplace. A full bedroom and bathroom on the main level provide ideal space for guests or multi-generational living, along with a separate laundry room. Upstairs, the primary suite offers a peaceful retreat with a walk-in closet, dual vanities, and a walk-in shower. Additional oversized bedrooms and a large guest bathroom complete the second floor. Additional highlights include fully paid solar, solar pool heating, and a fully fenced property for added privacy.
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| May 18, 2017 | Sold | ||
| Sold | |||
| Dec 21, 2016 | Listed by OnQu Realty | $649,000 | |
| Listed by OnQu Realty | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017