1731 Mendocino Dr
About This Property
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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 |
|---|---|---|---|
| Mar 18, 2025 | Sold | ||
| Sold | |||
| Feb 13, 2025 | Listed by Compass | $979,000 | |
| Listed by Compass | |||
| Sep 20, 2024 | Sold | ||
| Sold | |||
| Sep 16, 2024 | In contract | - | |
| In contract | |||
| Sep 12, 2024 | Listed by Redfin | $599,000 | |
| Listed by Redfin | |||
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The project you've been waiting for! This home has so much potential. Situated in one of Concord's most desirable neighborhoods, 1731 Mendocino is a blank slate for creating the home of your dreams. Single level living with a great floor plan, 3 bedrooms with 2 full bathrooms one of which being a primary suite. A large living room with dining room space flows into the Kitchen and an additional family room setting with fireplace or close this off to make it a 4 bedroom home. Large Spacious backyard with no rear neighbors. So many possibilities and no demo needed as it's waiting for the right owner to make it their own! Close to good schools, shopping and restaurants!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017