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2235 Deepgrove
About This Property
Originally a single-story 4-bedroom, 2-bathroom home, the property has been thoughtfully upgraded and reconfigured into a highly functional 5-bedroom, 3-bathroom layout designed for multi-generational living or rental income. The home currently features two independently accessed suites with strong rental income. Sitting on a large, approximately 11,100 SF lot, the property also offers excellent future expansion potential, including the possibility to build an additional approximately 1,200 SF ADU (buyer to verify with city), creating even more rental income opportunities. The property presents an excellent opportunity for investors, owner-users, or buyers seeking house-hacking potential with projected strong monthly cash flow. Ideal for investors, extended families, or buyers looking to offset mortgage payments with rental income.
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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%.
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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.
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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 |
|---|---|---|---|
| Jun 2, 2026 | Price Decreased |
$1,090,000
↓ $100K
(8.4%) | |
| Price Decreased | |||
| May 27, 2026 | Listed by Globridge Realty | $1,190,000 | |
| Listed by Globridge Realty | |||
| Jun 18, 2025 | Sold | ||
| Sold | |||
| May 21, 2025 | In contract | - | |
| In contract | |||
| Apr 30, 2025 | Listed by First American Team Realty Inc | $988,899 | |
| Listed by First American Team Realty Inc | |||
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Beautiful home on a large lot located on a cul-de-sac in a very quiet area. Property is surrounded by trees that offer a wonderful experience of amazing sunsets with birds chirping and a fresh breeze of tranquility. Big front and back yards, long driveway with plenty space for extra parking. Nice fresh flooring and cool color paint, ample kitchen with wide windows providing natural illumination and a space for breakfast nook. Formal dinning room and a fire place in the living room. The house layout provides a discrete privacy for bedrooms from the rest of the house. Each bedroom has windows that offer nice views and lots of natural light. Master bedroom has a brick fire place and two separate sinks conveniently located across from each other. This house has a huge back yard with potential for expansion or addition for entertainment like a swimming pool, gardening, kids playground and more. Living room has double French doors giving access to a very serene and elegant patio for those special gatherings.. In addition, property is conveniently located at about 10 minutes away from 60 Freeway, and 5 minutes away from main commercial plazas on the corner of Colima Rd and Fullerton Rd, which gives access to shopping, services and schools - this is a great opportunity to own your dream home and enjoy life; you and your family deserve it!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017