21401 Ocean Avenue
About This Property
The large living room has a fireplace. The oversized Master suite includes a large closet with plenty of room. Beautiful newer bath. Home features generously sized bedrooms, dual-pane windows throughout the house allowing in lots of natural light and energy savings. There is a multi-use office with access to the back yard.
You will feel at home in the well-designed kitchen featuring granite countertops, tile backsplash, stainless steel appliances including gas range, built-in microwave and dishwasher. The kitchen has plenty of storage and counter space and is open to the living and dining area, with sliding glass doors leading to the backyard patio offering privacy and a relaxing space to wind down at the end of a busy day.
Close to highly rated schools and conveniently located near shopping malls, restaurants, parks, medical services and freeway access. This is the perfect place to call home!
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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 |
|---|---|---|---|
| Jul 29, 2020 | Sold | ||
| Sold | |||
| Apr 15, 2020 | Listed by Engel & Volkers LA-South Bay | $1,050,000 | |
| Listed by Engel & Volkers LA-South Bay | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017