1840 W Glenoaks Blvd.
About This Property
The property has been thoughtfully improved with updated plumbing and newer exterior paint, enhancing both functionality and curb appeal. Situated on a centrally located lot, the property is within close proximity to grocery stores, schools, parks, and public transportation, making it highly desirable for long-term tenancy.
The two upper units feature a sharable balcony, while the two lower units offer direct access to the backyard, which is a shared space for all residents-ideal for relaxing or outdoor gatherings. The exterior is surrounded by greenery, creating a welcoming and comfortable environment for tenants.
Additional features include six on-site parking spaces. The property is currently occupied by long-term, well-maintained tenants, providing stable and consistent rental income.
An excellent opportunity for investors seeking a turnkey asset in a strong rental market with upside potential.
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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 |
|---|---|---|---|
| Jun 9, 2026 | Sold | ||
| Sold | |||
| May 19, 2026 | In contract | - | |
| In contract | |||
| Apr 27, 2026 | Listed by Coldwell Banker Hallmark Realty | $1,799,000 | |
| Listed by Coldwell Banker Hallmark Realty | |||
| Mar 11, 2021 | No longer available | - | |
| No longer available | |||
| Feb 9, 2021 | Price Decreased |
$1,699,000
↓ $66K
(3.7%) | |
| Price Decreased | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017