2993 E Hillside Drive
About This Property
Step into a resort-like setting with an electronic gate ensuring privacy and security. Enjoy a variety of amenities including a sport court for the sports enthusiast, room for a regulation pickleball court, a pool with a rock waterfall and spa, a large fountain, and a fire pit perfect for entertaining. Sellers have had parties with over 200 people in this amazing backyard. There is ample space to park an RV or boat, and the property offers ROOM FOR POTENTIAL ADU, allowing for future expansion for family or rental income.
Outdoor living is elevated with a large covered patio and a balcony off the primary retreat, providing serene spots to relax and take in the views. Additional features include a modern security system and gated property for complete peace of mind. This home offers a unique blend of luxury and functionality, making every day feel like a vacation. Don't miss the opportunity to own this exceptional property in the sought-after South Hills community of West Covina!!
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Cap Rate Calculator
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 |
|---|---|---|---|
| Jan 7, 2025 | Sold | ||
| Sold | |||
| Dec 22, 2024 | In contract | - | |
| In contract | |||
| Dec 22, 2024 | Price Decreased |
$1,900,000
↓ $95K
(4.8%) | |
| Price Decreased | |||
| Oct 9, 2024 | Relisted | $1,995,000 | |
| Relisted | |||
| Oct 5, 2024 | No longer available | - | |
| No longer available | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017