16207 Summershade
About This Property
Beautiful hardwood floors welcome you in and continue through the entry, hallway, kitchen and dining room. The kitchen opens to the dining area with a breakfast bar, while a cozy fireplace adds warmth and ambiance for family dinners or evenings with friends. Both spaces overlook the spacious side yard. The generous living room looks out to the covered backyard patio, and the primary bedroom features double closets and a recently remodeled en suite bathroom. There's also a convenient indoor laundry closet.
The corner lot gives this home wonderful outdoor space, with a large covered patio, pavers extending into the spacious side yard, a grassy area and a mature avocado tree-plenty of room to entertain, garden, play or simply enjoy being outside.
Just as important is the care that has gone into many of the things you don't immediately see. A top-of-the-line HVAC system was installed this year, including new ductwork and a gas furnace, and comes with a transferable 10-year warranty and 4 years of included maintenance. Other improvements include copper plumbing, an upgraded electrical panel, dual-pane windows (some tinted), a tankless water heater, and freshly painted exterior.
Green Hills is one of La Mirada's most cherished neighborhoods, known for its peaceful streets, neighborhood school and wonderful sense of community. It's the kind of neighborhood where you regularly see people out walking and neighbors still come together for traditions like the annual Fourth of July bike parade. A beautifully cared-for home, a larger corner lot and a neighborhood people truly love to call home.
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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%.
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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 |
|---|---|---|---|
| Oct 11, 2026 | In contract | - | |
| In contract | |||
| Oct 1, 2026 | Listed by Compass | $942,000 | |
| Listed by Compass | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017