2417 Mcgee Avenue
About This Property
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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 |
|---|---|---|---|
| Oct 10, 2018 | Sold | ||
| Sold | |||
| May 9, 2018 | Listed by THE GRUBB CO. INC. | $1,899,000 | |
| Listed by THE GRUBB CO. INC. | |||
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2417 McGee Avenue is a magical transformation of two house on one lot. Bought by the Seller as a fixer in 2015, the property has gone through an extensive renovation. The property was designed by Fischer Architecture and pairs modern function with a flair for old world romance. The houses are set in a private garden and hardscape designed by Berkeley landscape artist David Bigham. The Front house has 2+ bedrooms and 2.5 bathrooms, and the rear house has 2 bedrooms and 2 bathrooms. Each house has a new second story, and a private deck. The addition of several new windows throughout both houses illuminate each living space and provide beautiful outlooks. The magical garden setting of this property one of Berkeley’s favorite streets is not to be missed! We think of 2417 McGee as two houses in a garden! This property is close to North Berkeley BART, San Francisco Express buses, and walk score 100% as a “biker’s paradise”.
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| Sep 4, 2015 | Sold | ||
| Sold | |||
| Aug 1, 2015 | Listed by MARVIN GARDENS EAST BAY | $499,000 | |
| Listed by MARVIN GARDENS EAST BAY | |||
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Rare opportunity! Two fixer homes on one lot. Front house is a one+ bed, one bath. Rear home is one bed, one bath. Both homes need work but well worth it! Beautiful redwood trees in level yard. Plenty of separation between the two homes. Sale is strictly as-is.
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Property Highlights
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Price/ft²
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About Central Berkeley
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$2,575 /mo
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$4,686 /mo
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017