2718 Carmel 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 |
|---|---|---|---|
| Aug 18, 2025 | Sold | ||
| Sold | |||
| Jul 29, 2025 | In contract | - | |
| In contract | |||
| Jul 6, 2025 | Listed by Compass | $999,888 | |
| Listed by Compass | |||
| May 11, 2025 | Price Decreased |
$999,888
↓ $89K
(8.2%) | |
| Price Decreased | |||
| Apr 4, 2025 | Listed | $1,088,888 | |
| Listed | |||
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Beautifully Remodeled Upper Dimond Home on a Large Double Lot with Modern Upgrades Nestled in Oakland’s sought-after Upper Dimond neighborhood, this upgraded 3-bed, 1.5-bath home sits on a rare large double lot and blends classic charm with modern living. Enjoy new bathrooms, fresh paint inside and out, elegant flooring, and a stylish kitchen with quartz counters, new appliances, and updated hardware. Smart features include AT&T fiber, smart mirrors, and floodlights. Major system upgrades: new copper plumbing, main waterline, sewer lateral compliance, and a 200-amp GFCI/ARC fault combo panel with surge protection for added defense. Attic, garage, and basement are newly insulated. Enjoy a new water heater, utility sink, fans, and indoor laundry. Outside: new deck, landscaping, and fenced yard with side access. Zoned for ADU (up to 1,000 sq ft & 18 ft high). SB9 allows for lot splits with 2000 sqft for a new home—ideal for new housing, future income, or multigenerational living. Value of lot alone: approx. $150,000. Future $$$—your call!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017