1964 Marlborough Avenue
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 |
|---|---|---|---|
| Nov 24, 2025 | Sold | ||
| Sold | |||
| Aug 28, 2025 | In contract | - | |
| In contract | |||
| Aug 14, 2025 | Listed by RE/MAX TIME REALTY | $599,900 | |
| Listed by RE/MAX TIME REALTY | |||
| Jan 20, 2023 | No longer available | - | |
| No longer available | |||
| Sep 20, 2022 | Listed by Century 21 Allstars | $3,995,000 | |
| Listed by Century 21 Allstars | |||
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This is an amazing opportunity for developers or investors to build within an already developed community. This big, flat, and valuable land could have up to 35 townhomes built per the City of Riverside Planning Dept. The land is in a quiet area that is very close to the University of Riverside and the 215 freeway. Water, Sewage, and Power are connected at the front of all 3 lots with sewage, water, and power connections also available at the rear of the lots ready to be developed. The property consists of 3 lots that are all being sold together. The lot acreage/sqft is as follows: 1.1(47,916 sqft), .93(40,511 sqft), 1.13(49,223 sqft). Although 2 of the lots do have a small single-family residence and the West side lot having a duplex on the front end of the property, we are selling the property with the value in the land. All information is to be verified and satisfied by the buyer's own due diligence. The manager has listed the unit size as 2703 square feet.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017