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3062 Lees
About This Property
The renovation is comprehensive and uncompromising: brand new 50-year warrantied roof, Sunrun solar lease at just $298/month covering full power consumption with Tesla Powerwall backup, updated 200-amp electrical panel, brand new HVAC, and brand new tankless water heater. Inside, natural elements take center stage, polished concrete floors, walnut-style cabinetry, quartz countertops, and unlacquered brass hardware throughout create a cohesive, clean, and organically warm environment from room to room. The brand new kitchen is anchored by a pro-series Italian Bertazzoni appliance suite, quartz counters, and new lighting throughout.
The detached rear 2-car garage has been converted into a dedicated wellness sanctuary featuring a brand new red light therapy sauna, a workshop area, and a separate storage room, a rare and versatile bonus for Rancho living that's nearly impossible to replicate. Outside, brand new block walls, custom gates, smart irrigation, professional landscaping with natural plantings, and curated exterior mood lighting create a private, resort-like setting. The highly coveted deep kidney-shaped saltwater pool anchors the outdoor living space in true Cliff May fashion. Private, resort-like, and built for the Southern California lifestyle.
Every finish, every material, every detail was chosen with intention-to create a home that lives as beautifully as it looks.
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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 |
|---|---|---|---|
| Sep 25, 2026 | Sold | ||
| Sold | |||
| Sep 11, 2026 | In contract | - | |
| In contract | |||
| Aug 21, 2026 | Price Decreased |
$1,599,000
↓ $50K
(3%) | |
| Price Decreased | |||
| Jul 17, 2026 | Price Decreased |
$1,649,000
↓ $48K
(2.8%) | |
| Price Decreased | |||
| Jun 24, 2026 | Listed by The Agency | $1,697,000 | |
| Listed by The Agency | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017