1605 Hile Avenue
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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 2, 2025 | Sold | ||
| Sold | |||
| May 7, 2025 | In contract | - | |
| In contract | |||
| Dec 22, 2024 | Listed by PPF Realty | $789,900 | |
| Listed by PPF Realty | |||
| | |||
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New Price!!! Welcome to this beautifully updated property featuring a two bedroom, one bathroom main living space plus an attached one bedroom, one bathroom ADU in back of the property! The attached ADU provides excellent flexibility - perfect potential for generating rental income, hosting long-term tenants, or anything else you want! - offering the perfect blend of comfortable living. This home is in the amazing neighborhood of Zaferia! This property shines with fresh exterior paint and modern upgrades throughout. The main living area welcomes you with refinished flooring and a thoughtfully renovated kitchen featuring on-trend shaker cabinets and a charming farmhouse sink. Stay comfortable year-round with the newly installed mini-split AC system, providing efficient climate control. Driveway parking space. The attached ADU provides excellent flexibility - perfect for generating rental income, hosting long-term tenants, or anything else you want! Currently operating as a successful Airbnb with all 5 stars perfect rating! This property has proven its investment potential while maintaining its charm as a comfortable family home. Step into turnkey living with recent updates that blend modern convenience with timeless appeal. Whether you're looking for a spacious family home with rental potential or an investment property with a track record of success, this Long Beach gem delivers on all fronts!
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| Oct 17, 2019 | Sold | ||
| Sold | |||
| Aug 22, 2019 | Listed by Engel & Voelkers Long Beach | $499,000 | |
| Listed by Engel & Voelkers Long Beach | |||
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About Lee School
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$6,495 /mo
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$2,650 /mo
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017