1848 Nipomo Avenue
About This Property
This home offers an exceptional blend of comfort, functionality, and convenience. The sunlit interior boasts original hardwood floors and a gas fireplace, complemented by contemporary porcelain tile in the kitchen and family room. A converted garage provides a versatile space for a home office, gym, or extra family room. There is even a newer roof that was installed in 2023.
Outdoors, enjoy the attached pergola, surrounded by a majestic cypress, fragrant plumeria, and citrus trees. New front yard landscaping too! Minutes from the beach, El Dorado Park, and convenient to shopping and freeways, this home combines comfort, style, and convenience. Don't miss out!
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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 12, 2024 | Sold | ||
| Sold | |||
| Apr 22, 2024 | Listed by Think Boutiq Real Estate | $949,000 | |
| Listed by Think Boutiq Real Estate | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017