1840 Cherokee Drive #2
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 |
|---|---|---|---|
| Oct 15, 2025 | In contract | - | |
| In contract | |||
| Sep 30, 2025 | Listed | $580,000 | |
| Listed | |||
| | |||
|
This centrally located 1,621 sq ft, 3-bedroom/2.5-bath townhome comes with the privacy and security of a gated community. This home features a custom-designed kitchen with updated stainless steel appliances, custom cabinets, and counters. The endless counters and massive breakfast bar/counter/island are perfect for any culinary enthusiast. The oversized living room is accented by recessed lighting and a cozy wood-burning fireplace, ideal for kicking back and relaxing. The primary bedroom suite comes with an oversized walk-in closet and an updated bathroom with a custom tile shower and a quartz vanity top with dual sinks. Other amenities include an inside laundry area conveniently located on the upper floor, luxury vinyl plank flooring, recessed lighting, plantation shutters, a 2-car garage, an interior private courtyard with two convenient storage closets, and much more. This townhome is conveniently located near all North Salinas shops and restaurants, with easy access to Highway 101.
| |||
| Apr 23, 2018 | Sold | ||
| Sold | |||
| Mar 22, 2018 | Listed by Realty World-Premier Associates | $365,000 | |
| Listed by Realty World-Premier Associates | |||
| Nov 26, 2014 | Sold | ||
| Sold | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
05/09/2025
|
2 Bed
|
2 Bath
|
1243 ft²
|
$575,000
2 Bed
2 Bath
1243 ft²
|
$575,000
06/10/2025
|
Shellie Davis
eXp Realty of California Inc.
| |
|
03/22/2018
|
3 Bed
|
2 Bath
|
1621 ft²
|
$365,000
3 Bed
2 Bath
1621 ft²
|
$365,000
04/23/2018
|
Sharon Shaw-Flores
Realty World-Premier Associates
| |
|
11/07/2014
|
3 Bed
|
2 Bath
|
1621 ft²
|
$250,000
3 Bed
2 Bath
1621 ft²
|
$245,000
-2.00%
11/26/2014
|
Sharon Shaw-Flores
Realty World-Premier Associates
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017