307 Cherry Avenue #8
About This Property
The manager has listed the unit size as 715 square feet.
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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 |
|---|---|---|---|
| Mar 13, 2024 | No longer available | - | |
| No longer available | |||
| Feb 10, 2024 | In contract | - | |
| In contract | |||
| Jan 31, 2024 | Listed | $425,000 | |
| Listed | |||
| | |||
|
Light, bright and cute as a button! This charming 1 BR/1 BA condo has a PRIVATE GARAGE in the heart of Alamitos Beach. Set on the second floor of the beautifully maintained Bixby Gardens community, this home has exposure in three directions. Features include: Updated kitchen, central heating, multiple ceiling fans, walk-in closets and ample storage! With WALK SCORE of 96 and a stone's throw from vibrant Broadway Avenue, Bixby Park and the Pacific Ocean, this home is a beach-close gem! The manager has listed the unit size as 715 square feet.
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| Oct 21, 2023 | No longer available | - | |
| No longer available | |||
| Sep 26, 2023 | Listed | $437,500 | |
| Listed | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
11/20/2025
|
1 Bed
|
1 Bath
|
712 ft²
|
$339,000
1 Bed
1 Bath
712 ft²
|
$342,000
+0.88%
01/14/2026
|
Vivan Ainis
Seven Gables Real Estate
| |
|
09/26/2023
|
1 Bed
|
1 Bath
|
715 ft²
|
$437,500
1 Bed
1 Bath
715 ft²
|
-
-
|
Karin McGinley
Berkshire Hathaway H.S.C.P.
| |
|
03/30/2023
|
1 Bed
|
1 Bath
|
755 ft²
|
$415,000
1 Bed
1 Bath
755 ft²
|
-
-
|
Lynzee Fujimoto
Realty One Group United
|
Building Info
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017