31
Map
27734 Alpen
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%.
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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.
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 |
|---|---|---|---|
| Jun 25, 2026 | Sold | ||
| Sold | |||
| May 27, 2026 | In contract | - | |
| In contract | |||
| Apr 10, 2026 | Listed by KELLER WILLIAMS LAKE ARROWHEAD | $698,000 | |
| Listed by KELLER WILLIAMS LAKE ARROWHEAD | |||
| Nov 8, 2025 | Price Decreased |
$725,000
↓ $24K
(3.2%) | |
| Price Decreased | |||
| Oct 2, 2025 | Listed | $749,000 | |
| Listed | |||
| | |||
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Perched on a hillside showcasing beautiful panoramic Southern ridgeline views, 27734 Alpen boasts the highly desirable Prow architecture design one images when escaping to the mountains. Full lake rights to private Lake Arrowhead and located off a low traffic County paved and maintained road, Alpen Dr. is known for its level street topography ideal for relaxing walks amongst a mix of Pines and Oaks. A great location, with close proximity to Tavern Bay beach club, UCLA Conference Center dining and Blue Jay shopping. A dramatic living room is accented by a massive South facing, floor to ceiling wall of glass. Two sliding doors lead directly onto the oversized, low maintenance Trex decking. Engineered hardwood flooring blankets the entire living room and bedroom areas. Cozy up next to the rustic stone, wood burning fireplace on snowy winter nights. 2 bedrooms(a 3rd room has been framed in offering 3 rooms if needed) and full bath are conveniently located off the main living area. Upstairs offers the primary en suite with attached reading loft overlooking the living room. A rear balcony perched over the fenced backyard completes the private upper level. Celebrate the holidays in the lower level billiards room fully equipped with a spacious custom bar, attached 2nd Trex deck and 2nd stacked stone wood burning fireplace. A 4th bedroom, full bath, and laundry room nook is located off the game room. Enjoy maximum comfort from whole house central heating and A/C. At 2,650 sq ft, this is a wonderful property for large families ready to create special memories in “Alps” of Southern California!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017