1244 Hillcrest Drive
About This Property
A formal dining room is adjacent the kitchen & oversized nook (this could be a small family room instead of a nook). The kitchen boasts a breakfast bar w/pendant lighting, built-in electric cooktop, oven, microwave, dishwasher, cesar stone counter tops, & tiled back splash. On the main level you also have a mud room w/storage pantry, small office niche, & a full suite bedroom. The grand staircase to the upper level offers the primary bedroom w/ glorious views, a loft/office w/views & a balcony, and a spacious third ensuite bedroom. Downstairs, you will find a bonus room/bedroom, or second family room, a laundry room (with a separate easy access staircase near the mudroom above), a wine cellar, storage room/workshop, an additional 3/4 bathroom with a walk-in shower, & an oversized 2 car garage. Note the extra depth on one of the garage spaces, this would accommodate a chauffeur driven car such as a Packard or Cadillac, popular amongst the wealthy in the mid 1930's. The grounds surrounding the home are private, w/stunning views all around. Off of the living room, in the back yard, relax on your patio w/tiled floors and arched supports- providing cover from the elements. You're just a few minute drive to the LA County Fairgrounds which offers a plethora of yearly activities & events. Just minutes to the 10, 57, 60, 210 freeways. Enjoy a stroll at Bonelli Park and Lake Puddingstone, just a mile away. As is Mountain Meadows public golf course. Don't miss this great opportunity!
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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 |
|---|---|---|---|
| Sep 27, 2024 | Sold | ||
| Sold | |||
| Jun 28, 2024 | Listed by Coldwell Banker Tri-Counties R | $1,299,800 | |
| Listed by Coldwell Banker Tri-Counties R | |||
| Dec 4, 2019 | No longer available | - | |
| No longer available | |||
| Oct 25, 2019 | Price Decreased |
$975,000
↓ $13K
(1.3%) | |
| Price Decreased | |||
| Oct 18, 2019 | Relisted | $988,000 | |
| Relisted | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017