14445 Gridley Road
About This Property
As you step inside, you're greeted by a fresh and inviting interior that creates a bright and welcoming atmosphere. The upgraded recessed lighting and vinyl wood floors enhance the brightness and appeal of this home. The living room opens to the dining area, providing a cozy space for family meals and quality time together.
The kitchen cabinets have been freshly repainted, with new quartz countertops, dishwasher, microwave hood, sink, and stove, all complementing the overall design and making the space ready for your culinary adventures.
The updated bathroom is a highlight, boasting a stylish vanity, lighted mirror, modern faucet, and tiled shower that compliments the sleek vinyl flooring. This space is designed for both functionality and relaxation.
Additional updates include the electrical panel for improved safety and functionality. The home also features newer central air/heating systems, newer water heater, double-pane windows, fresh interior and exterior paint, and programmable light switches, providing modern convenience throughout. Enjoy year-round comfort with central air and heat, while the den offers ample space for leisure and gatherings.
Did I forget to mention? There's an enclosed patio by the garage that could be converted into an ADU, offering an excellent opportunity for potential rental income. The low-maintenance front and back yards features new artificial grass, adding to the home's charm and outdoor appeal. The property's outdoor space is equally impressive, boasting various fruit trees such as guava, lemon, jujube, and pomelo.
Conveniently located near the 5 freeway and the 91 freeway, this home is also close to schools, shopping centers, Cerritos College (just 2 miles away), and Los Cerritos Center (4 miles away). From its renovated bathroom and fresh interior to the practical upgrades and lovely landscaping, this MOVE-IN READY HOME is fully prepared to welcome its new owners.
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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 4, 2024 | Sold | ||
| Sold | |||
| Aug 8, 2024 | In contract | - | |
| In contract | |||
| Jul 25, 2024 | Listed by KELLER WILLIAMS SIGNATURE RLTY | $760,000 | |
| Listed by KELLER WILLIAMS SIGNATURE RLTY | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017