1601 Sinaloa Avenue
About This Property
This incredible property offers two vacant units at close of escrow, ready for immediate occupancy or rental! With eligibility to add an ADU (Accessory Dwelling Unit) in place of the carport, this is a fantastic investment opportunity.
The front unit features a spacious living room with a cozy fireplace, three large bedrooms, a full bathroom, and a 3/4 bathroom. Enjoy the convenience of an updated kitchen with a dining area, and modern upgrades like a newer roof, copper plumbing, and central air and heat.
The back unit is perfect for in-laws or rental income, offering a comfortable 1-bedroom setup with its own living room, kitchen, and full bathroom. Separate utility meters make renting easy and hassle-free.
Additional highlights include a two-car carport, a large concrete patio, and an unbeatable location just steps from the bus stop, grocery stores (Stater Bros.), Wells Fargo, and Starbucks.
This property is a rare find-ideal for first-time home buyers looking to live in one unit and rent the other. Don't miss out on this prime 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 |
|---|---|---|---|
| Feb 21, 2025 | Sold | ||
| Sold | |||
| Jan 12, 2025 | In contract | - | |
| In contract | |||
| Oct 9, 2024 | Relisted | $1,220,000 | |
| Relisted | |||
| Oct 5, 2024 | No longer available | - | |
| No longer available | |||
| Sep 15, 2024 | Price Decreased |
$1,220,000
↓ $23K
(1.9%) | |
| Price Decreased | |||
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About Altadena
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017