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2399 S Alhambra Drive
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 |
|---|---|---|---|
| Mar 4, 2020 | Sold | ||
| Sold | |||
| Feb 7, 2020 | Listed by Harcourts Desert Homes | $1,299,000 | |
| Listed by Harcourts Desert Homes | |||
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This ICONIC 1963 Mid-century modern home in the famed Indian Canyons features dramatic WEST facing Views, gorgeous details and beautiful curb appeal, and is located in one of the most sought after neighborhoods in South Palm Springs. Perfectly located on the west side of Alhambra and nicely walled and hedged for privacy, this is one of the best quiet locations in the canyon. The interior features exotic wood paneled walls and nice floor plan with living room and den separated by double sided fireplace allowing for multiple entertaining areas. Main living area features walls of glass overlooking the pool and covered patio, with the backdrop of Mount San Jacinto in all of its glory. The kitchen has been opened up and also has a breakfast area, laundry room and office area making it a wonderful use of space. Four bedrooms with great separation create the ideal situation for hosting guests, and the three bathrooms have all been nicely renovated with modern glass tile. Pool with tanning shelf and spa with water fall feature, complete this iconic Palm Springs vacation home perfect for enjoying the dry desert climate. Located just minutes away to Downtown, shopping & restaurants.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017