26 Covina Avenue
About This Property
Step inside the main residence to find rich hardwood flooring, coved ceilings, and abundant natural light that enhances the warmth and character of the space. The open living and dining areas flow into a tastefully remodeled kitchen featuring stone countertops, stainless steel appliances, and custom cabinetry – perfect for daily living or entertaining guests.
Outside, enjoy a private, sun-drenched patio that invites indoor-outdoor living year-round. A standout feature of this property is the attached Accessory Dwelling Unit (ADU) or flex space – ideal for guests, multigenerational living, or rental income. The ADU includes a private entrance, mini kitchen, and its own distinct charm along with the ability to easily add a private bathroom.
Located on a quiet, tree-lined street just steps from the beach and the vibrant shops and restaurants of 2nd Street, this home offers the perfect blend of lifestyle, location, and long-term value. Whether you're looking for a forever home, a weekend retreat, or an investment with flexible living space, 26 Covina Ave delivers.
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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 11, 2025 | Sold | ||
| Sold | |||
| Jul 17, 2025 | In contract | - | |
| In contract | |||
| Jul 9, 2025 | Price Decreased |
$1,725,000
↓ $74K
(4.1%) | |
| Price Decreased | |||
| May 26, 2025 | Listed by Arbor Real Estate | $1,799,000 | |
| Listed by Arbor Real Estate | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017