161 N Cornell
About This Property
Step inside and you're immediately greeted by the warmth and craftsmanship of a different era, including real hardwood floors, original windows, exposed beams, plantation shutters, French doors, and built in whole house speakers throughout the home and pool area. The home also features a basement, adding another unique element rarely found in Southern California homes, along with a built in wet bar complete with a brand new ice maker and refrigerator. Brand new appliances in the main kitchen add modern convenience while preserving the home's timeless personality.
Outside is where this property truly separates itself. The expansive grounds feature a private pool and spa, a gazebo perfect for entertaining or relaxing, and mature landscaping with an incredible collection of fruit trees and vines, including Meyer lemons, pomegranate, mandarins, grapefruit, oranges, lemons, pomelos, and grapevines. The pool is equipped with an approximately one year old 4 speed pump and a newer tracked pool vacuum approximately one month old.
Car enthusiasts, hobbyists, contractors, or anyone needing serious workspace will appreciate the detached 3+ car shop with 220V power, in addition to the attached 2 car garage. With two gated entrances, cross fencing, central heat and air, sewer connection, photocell exterior lighting, and nearly an acre of usable space, the possibilities here are exceptional.
A pool. A spa. Five total garage/shop spaces. Nearly an acre. Mature fruit trees. A basement. And almost 90 years of irreplaceable character. This isn't another cookie-cutter home it's a property with a story, personality, and features you simply won't find in new construction. Some pictures have been enhanced with AI to remove furniture or make brighter.
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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 25, 2026 | In contract | - | |
| In contract | |||
| Sep 4, 2026 | Price Decreased |
$625,000
↓ $25K
(3.9%) | |
| Price Decreased | |||
| Aug 8, 2026 | Listed by SimpliHOM | $650,000 | |
| Listed by SimpliHOM | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017