2037 S 3rd Street
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 10, 2025 | Price Decreased |
$928,000
↓ $22K
(2.3%) | |
| Price Decreased | |||
| Oct 24, 2025 | Price Decreased |
$950,000
↓ $5K
(0.5%) | |
| Price Decreased | |||
| Oct 19, 2025 | Price Decreased |
$955,000
↓ $14K
(1.4%) | |
| Price Decreased | |||
| Sep 26, 2025 | Price Decreased |
$968,800
↓ $30K
(3%) | |
| Price Decreased | |||
| Sep 11, 2025 | Listed | $998,800 | |
| Listed | |||
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Price improvement, motivated seller. Location, location, location. This turnkey property is located at the heart of Alhambra and close to shops, parks, schools, and only 15 minutes to downtown Los Angeles. Property features with 3 bedrooms and 2 bathrooms, 2 good size bedrooms with one large master suite, open kitchen and living room. Brand new kitchen, bathrooms, new flooring and new paint inside out, new concrete driveway and fence around the property, updated electrical panel with 200-amp, new dual panel windows, new copper pipelines, new AC split units and new kitchen appliances, new garage door and updated roof since 2023 and many more upgrades at the property. New solar panels have been installed in 2023 and monthly payment of $253. Don't miss this opportunity to check out this wonderful property.
Permit from City of Alhambra for house extension from the original plan of 944 sq ft to 1368 sq ft has been attached under supplement list for your reference.
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About Alhambra
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017