0 Carmelo 3 NW 12th 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 18, 2025 | Sold | ||
| Sold | |||
| Aug 5, 2025 | In contract | - | |
| In contract | |||
| Jul 14, 2025 | Listed by Coldwell Banker Realty | $2,750,000 | |
| Listed by Coldwell Banker Realty | |||
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Discover the epitome of coastal cottage living in downtown Carmel-by-the-Sea's highly sought-after Golden Rectangle. This single-level storybook home built in 1939 provides a timeless 2-bedroom, 2-bath retreat, featuring vaulted open-beam ceilings and wood-clad windows that bathe the interiors in natural light. The kitchen pairs durable granite countertops with a quaint breakfast nook, perfect for relaxed living. Other features include the adorable dutch-door entry, the cozy living room with a classic brick fireplace and delightful cottage-style accents, and the primary suite with a luxurious soaking tub. Outside, the fully fenced 4,000 sqft lot includes a deck/patio perfect for al fresco dining and a one-car attached garage plus driveway parking. Sited just six blocks from Carmel Beach and moments from world-class galleries, restaurants, and boutiques, this home seamlessly fuses serene private living with vibrant village access. This charming Carmel cottage presents a wonderful opportunity to live in one of California's most enchanting oceanside villages.
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| Jun 9, 2025 | Listed by Carmel Realty Company | $15,525,000 | |
| Listed by Carmel Realty Company | |||
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| May 14, 2025 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017