1867 Cherokee Drive #1
About This Property
Payment Calculator
Your Estimated Monthly Payment
Cap Rate Calculator
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 |
|---|---|---|---|
| Jan 15, 2026 | Sold | ||
| Sold | |||
| Nov 15, 2025 | In contract | - | |
| In contract | |||
| Oct 22, 2025 | Listed by Elite Realty | $328,000 | |
| Listed by Elite Realty | |||
| | |||
|
Welcome to your cozy Salinas retreat! This charming 1-bedroom, 1-bath home offers comfort, convenience, and a fantastic location in the heart of vibrant Salinas. Featuring 585 sq ft of thoughtfully designed living space, its ideal for first-time buyers, downsizers, or anyone seeking a low-maintenance lifestyle. Step inside to a bright, open living area that flows seamlessly into the dining space, creating the perfect setting for relaxing or entertaining. The kitchen includes a modern oven range and offers a functional space for your culinary creations. The spacious primary suite features a walk-in closet and plenty of storage. Enjoy the convenience of in-unit laundry with washer and dryer included, and central forced-air heating for year-round comfort. Take advantage of the sparkling community pool, perfect for unwinding and enjoying sunny Salinas days. Located within the Salinas City Elementary School District and offering a garage space for parking and storage, this delightful home combines practicality, comfort, and lifestyle appeal. Move-in ready and waiting for you to call it home!
| |||
| Dec 11, 2024 | Sold | ||
| Sold | |||
| Nov 18, 2024 | In contract | - | |
| In contract | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
10/22/2025
|
1 Bed
|
1 Bath
|
585 ft²
|
$328,000
1 Bed
1 Bath
585 ft²
|
$350,000
+6.71%
01/15/2026
|
Dwayne Davis
CENTURY 21 Masters
| |
|
10/02/2024
|
1 Bed
|
1 Bath
|
585 ft²
|
$289,000
1 Bed
1 Bath
585 ft²
|
$289,900
+0.31%
12/11/2024
|
Colleen Yaklich
Compass
| |
|
05/04/2021
|
1 Bed
|
1 Bath
|
585 ft²
|
$235,000
1 Bed
1 Bath
585 ft²
|
$241,000
+2.55%
06/30/2021
|
Hap Albers
Albers Real Estate Investment Company
| |
|
06/15/2019
| |
1 Bed
|
1 Bath
|
585 ft²
|
$199,000
1 Bed
1 Bath
585 ft²
|
-
-
|
-
|
|
01/17/2019
|
1 Bed
|
1 Bath
|
585 ft²
|
$185,000
1 Bed
1 Bath
585 ft²
|
$185,000
04/03/2019
|
Vanessa Coria
Elite Realty
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017