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2898 Gage Avenue
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 11, 2025 | Sold | ||
| Sold | |||
| Jul 10, 2025 | In contract | - | |
| In contract | |||
| Jun 15, 2025 | Relisted | $995,000 | |
| Relisted | |||
| May 29, 2025 | In contract | - | |
| In contract | |||
| May 15, 2025 | Listed by RE/MAX ONE | $995,000 | |
| Listed by RE/MAX ONE | |||
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Nestled in a desirable neighborhood just north of the 118 Freeway, this beautifully updated single-story home offers the perfect blend of comfort, space, and lifestyle. Located just a few doors down from Atherwood Park--with private gated access from the backyard--this 4-bedroom, 2.5-bathroom home is ideal for families, entertainers, and anyone craving indoor-outdoor California living. Step inside to a bright, inviting entry that opens to an expansive great room, featuring a cozy living area with fireplace, an open-concept kitchen with center island, and a versatile bonus/family room--also with its own fireplace. French doors lead to a resort-style backyard complete with a sparkling pool, spa, slide, and tiered landscaping designed for low-maintenance enjoyment. The spacious primary suite features sliding doors to the backyard and a spa-inspired ensuite with dual vanities, soaking tub, and a separate shower. An ideal floorplan that offers privacy, with one bedroom and a half bath located on the opposite wing of the home--perfect for guests, a home office, or multigenerational living. Additional highlights include newer dual-pane windows and A/C system, fresh interior paint, laundry area in the garage, extra driveway parking for a trailer or additional vehicle with RV expanding potential, generational solar system, and brand new window shutters throughout! Don't miss this rare opportunity to own a turnkey home with direct access to green space and all the amenities to enjoy Southern California living at its best, come and see this one today!!
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About Simi Valley
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017