18843 Alexander Avenue
About This Property
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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%.
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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 |
|---|---|---|---|
| May 3, 2019 | Sold | ||
| Sold | |||
| Jan 21, 2019 | Listed by Keller Williams Pacific Estates Cerritos | $839,000 | |
| Listed by Keller Williams Pacific Estates Cerritos | |||
| Dec 7, 2018 | No longer available | - | |
| No longer available | |||
| Oct 25, 2018 | Price Decreased |
$800,000
↓ $59K
(6.9%) | |
| Price Decreased | |||
| Oct 4, 2018 | Listed | $859,000 | |
| Listed | |||
| | |||
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This 4 bedroom, 3 bathroom Cerritos pool home has it all! Located in the highly sought after ABC School District. Assigned schools are Cerritos elementary, Carmenita middle school, Cerritos high school with the option to test in to the extremely distinguished Whitney high school (RANKED #1 in California High Schools by U.S. News and World Report). The interior features an expansive floor plan with over 2300 square feet. Downstairs master bedroom and bathroom. Huge bonus room that could be a 5th bedroom, kids playroom or an extra den. Real wood floors throughout the living areas and bedroom on the main floor. The kitchen has been tastefully updated with white cabinetry, quartz counters, stainless steel apron sink, stainless steel appliances including dishwasher, built-in range and double oven. Enjoy a Sunday morning cup of coffee or a Friday evening glass of wine on the welcoming yet private front porch. The back yard is spacious enough to house the energy efficient black-bottom pool with room to spare for entertaining. Come explore all that 18843 Alexander Avenue has to offer! The manager has listed the unit size as 2356 square feet.
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About Cerritos
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017