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25048 Wheeler
About This Property
The crown jewel is the wrap-around balcony off the primary suite, built around a mature oak tree in the backyard. It genuinely feels like a treehouse and there is nothing else like it in the area. A basement below the primary suite with its own backyard entrance adds even more flexibility as a home office, gym, or creative studio.
For the savvy buyer or investor, a two-story addition with previously approved plans and a separate entrance is ready to be converted into a 2 bedroom, 1 bathroom ADU. No HOA. No Mello Roos. All of this tucked away in a prime Newhall location minutes from dining, shopping, and easy freeway access.
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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 |
|---|---|---|---|
| Aug 21, 2026 | In contract | - | |
| In contract | |||
| Jul 21, 2026 | Price Decreased |
$884,000
↓ $15K
(1.7%) | |
| Price Decreased | |||
| Jun 25, 2026 | Listed by RE/MAX Gateway | $899,000 | |
| Listed by RE/MAX Gateway | |||
| Oct 27, 2022 | No longer available | - | |
| No longer available | |||
| Oct 16, 2022 | Price Decreased |
$749,990
↓ $49K
(6.1%) | |
| Price Decreased | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017