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16706 Alginet Place
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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 |
|---|---|---|---|
| Oct 13, 2026 | Listed by Estate Properties | $2,295,000 | |
| Listed by Estate Properties | |||
| Sep 15, 2026 | Listed by Estate Properties | $2,295,000 | |
| Listed by Estate Properties | |||
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Set on a quiet cul-de-sac in the coveted Encino Hills, this inviting single-story residence pairs relaxed California living with exceptional indoor-outdoor flow and a peaceful, private setting. South of Ventura Boulevard and moments from Mulholland Drive, the home feels wonderfully removed from the city while keeping Encino's shopping, dining and everyday conveniences within easy reach.Inside, natural light fills a spacious and flexible floor plan designed for both everyday living and entertaining. Expansive windows and glass doors frame the surrounding greenery and connect the main living spaces to the outdoors, while warm wood floors and thoughtfully updated finishes create a comfortable, collected feel throughout. Multiple living and dining areas offer plenty of room to gather, unwind or entertain, and the kitchen features stone countertops, stainless steel appliances and generous storage. The primary suite is a peaceful retreat with built-in shelving, a charming window seat, an en-suite bath and ample closet space. Three additional bedrooms offer flexibility for family, guests, a home office or fitness space. The backyard is made for Southern California living, with a sparkling pool at its center, generous patio areas for dining and entertaining, mature landscaping and a wonderful sense of privacy. Whether hosting friends poolside, enjoying a quiet afternoon in the sun or dining outdoors as the day winds down, the setting feels like a true escape. Treetop surroundings and distant mountain views complete the backdrop.For those who appreciate connected living, the home also features an extensive professionally designed Control4 smart-home and audiovisual system, with additional details and purchase options available upon request. With four bedrooms, two-and-a-half baths, a desirable single-level layout and a prime location within the Lanai Road Elementary School area, this is a special opportunity to enjoy the space, privacy and laid-back lifestyle that make the Encino Hills so sought after. **Kitchen cabinets are currently painted blue. Photos of the white cabinets were AI generated for visualization purposes**
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017