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12687 Cathedral Ridge Way
About This Property
Built in 2009, the home features a spacious layout designed for both everyday living and entertaining. The kitchen is appointed with granite countertops and opens to the main living areas, creating a welcoming environment for family gatherings and social events. The generous primary suite and well-designed floor plan make daily living both convenient and comfortable.
One of the standout features of this property is the expansive .46-acre lot. The usable outdoor space offers endless possibilities, whether you envision a custom pool and spa, outdoor kitchen, workshop, garden, or additional recreational space. For those with toys, trailers, or recreational vehicles, the oversized RV parking area is a rare find, providing ample room for an RV, toy hauler, boat, and more.
The home has been priced to reflect an opportunity for the next owner to add their personal touches. With some cosmetic updating, including fresh paint and flooring, this property has the potential to truly shine and become a showpiece within the neighborhood. Opportunities like this are becoming increasingly rare in La Sierra, especially on lots of this size with such desirable parking accommodations.
Conveniently located near shopping, dining, schools, parks, and commuter routes, this home offers the space, location, and value that buyers have been searching for. Whether you're looking for room to grow, space for your recreational lifestyle, or a property with tremendous upside potential, this is an opportunity you won't want to miss.
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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 17, 2026 | Sold | ||
| Sold | |||
| Jun 12, 2026 | Listed by Premier Agent Network | $950,000 | |
| Listed by Premier Agent Network | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017