1780 48th Avenue
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 |
|---|---|---|---|
| Aug 30, 2019 | Sold | ||
| Sold | |||
| Jul 9, 2019 | Listed by Christie's International Real Estate Sereno | $849,000 | |
| Listed by Christie's International Real Estate Sereno | |||
| Apr 3, 2018 | Sold | ||
| Sold | |||
| Feb 13, 2018 | Listed by Indigo Beach Properties, Inc. | $799,000 | |
| Listed by Indigo Beach Properties, Inc. | |||
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Location, location! Sweet little home in the heart of Capitola. The quaint Capitola Village is walking distance where you can enjoy the beach, restaurants, shopping, or one of the many events or festivals. Pleasure Point & the 41st Ave area is a short bike ride away where you can enjoy some newer hip restaurants, coffee shops and beer gardens and of course great surf or SUP. Remodeled about 2yrs. ago: Upgrades include granite counters in kitchen, pedestal sink in bath, new laminate (wood) flooring, dual pane windows and newer blinds throughout. Enjoy the enclosed, beautifully landscaped backyard with new Trek deck for BBQ's and sunshine, and drought friendly landscape with drip system. There is plenty of room to grow if you want to add another bed and bath too! Great starter home, Vacation beach pad or could be great rental! Great price to get in to enjoy all that the Capitola Lifestyle offers! Professional photos coming today!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017