2553 Wallace St
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 |
|---|---|---|---|
| Apr 9, 2025 | Sold | ||
| Sold | |||
| Feb 21, 2025 | Listed by Vanguard Properties | $535,000 | |
| Listed by Vanguard Properties | |||
| Jun 6, 2021 | No longer available | - | |
| No longer available | |||
| May 28, 2021 | Listed | $418,000 | |
| Listed | |||
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VICTORIA L TSENG - Cell: 510-387-7006 - Welcome to this sweet, jewel box home in the heart of the Highland neighborhood in Oakland. Step through the sunny yellow front door to a relaxing living room. With an additional 2 bedrooms and 1 bath, the easy flow of this home provides the right separation of space ideal for living and working from home today. The open kitchen includes an eat-in dining nook and leads to the sunny rear deck perfect for a BBQ dinner, taking in the green treetop views, or enjoying the downtown Oakland vistas in the horizon. The rear garden below is filled with a variety of mature plants and trees, including avocado, kiwi, passion fruit, two types of cherry trees, pomegranate, nectarine, plum, lime, Meyer lemon, grapefruit, sweet bay bush, rosemary, pineapple guava, and more. Finally, the subarea of the house is large and may provide possible expansion or ADU options, but neither the Seller nor the Listing Agent has investigated this with the City. The manager has listed the unit size as 660 square feet.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017