28819 Cedar Drive
About This Property
Welcome to your serene retreat at 28819 Cedar Dr. in picturesque Lake Arrowhead. This charming A-frame home, nestled in the peaceful Palisades neighborhood, offers delightful lake rights and is just a short five-minute walk to the shimmering waters of the lake.
The main floor features an open-concept layout that seamlessly blends the living, kitchen, and dining areas, creating a perfect space for relaxation and entertaining. The second floor is home to two cozy bedrooms, a full bath, and a convenient laundry area. Additionally, a versatile loft space above the main floor provides extra room for recreation or storage.
Enjoy the outdoors with front and rear decks that are ideal for hosting gatherings or enjoying quiet moments in nature. Parking is hassle-free with space for two cars right in front of the home.
Don't miss the opportunity to own this lovely mountain escape in one of Lake Arrowhead's most desirable locations! **Lake photo is taken from above the 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 |
|---|---|---|---|
| Dec 9, 2024 | Sold | ||
| Sold | |||
| Nov 17, 2024 | In contract | - | |
| In contract | |||
| Oct 29, 2024 | Listed by Prime Properties | $475,000 | |
| Listed by Prime Properties | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017