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1408 Papin
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 30, 2025 | Sold | ||
| Sold | |||
| May 8, 2025 | In contract | - | |
| In contract | |||
| Apr 9, 2025 | Listed by First Team Real Estate | $890,000 | |
| Listed by First Team Real Estate | |||
| | |||
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Welcome to your beautifully renovated beach cottage, perched atop a hill in a coastal Oceanside neighborhood. This charming single-story home offers striking curb appeal, refreshing ocean breezes, and a coastal-inspired interior that blends timeless character with thoughtful modern updates. The open, airy layout is filled with natural light thanks to multiple skylights, while luxury vinyl plank flooring flows seamlessly throughout. The upgraded kitchen features black stainless-steel appliances, a farmhouse bib sink, a wine fridge, and generous quartz countertops—perfect for both everyday living and entertaining. Both bathrooms have been tastefully remodeled, and split A/C and heating units provide year-round comfort. Step outside to an expansive backyard oasis with a large covered patio, an above-ground jacuzzi, and an electrically connected shed. With a spacious lot and multiple outdoor entertaining areas, this home embraces the very best of Southern California living. Currently configured as a 2-bedroom home, buyers are encouraged to contact the City of Oceanside for guidance on any potential reconfigurations or additions. Located just minutes from downtown Oceanside, the pier, the harbor, the Top Gun House, and The Seabird Ocean Resort & Spa, this home presents a rare opportunity to own a piece of Oceanside’s promising future.
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| Oct 13, 2019 | No longer available | - | |
| No longer available | |||
| Sep 13, 2019 | Relisted | $424,000 | |
| Relisted | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017