1
Map
311 Carmel Avenue
About This Property
Payment Calculator
Your Estimated Monthly Payment
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 |
|---|---|---|---|
| Oct 6, 2021 | No longer available | - | |
| No longer available | |||
| Oct 29, 2020 | Listed | $1,028,000 | |
| Listed | |||
| | |||
|
With views of the Monterey Bay and the city's unique skyline from the roof top deck over the garage, this historic and remodeled bungalow is Pacific Grove 2.0. Property features include: open floor plan, modern kitchen with quartz counters, maple soft-close cabinets & SS appliances, two spacious bathrooms, laminate and tile floors throughout, indoor laundry, front porch, large deck, fully fenced yard and an accessory building perfect for a separate home office, workshop, art studio or extra storage. The included 6 person spa/hot tub is a great place to sit, unwind and enjoy the outdoors. Just a few blocks from the many downtown parklets to enjoy outdoor dining, Grove Market, shops, the beach at Lovers Point and the Recreation Trail. Blue Water Views + Remodeled + Location = the perfect vacation getaway or primary residence. The manager has listed the unit size as 848 square feet.
| |||
| Apr 26, 2019 | Sold | ||
| Sold | |||
| Mar 15, 2019 | Listed by Sotheby's Int'l Realty-PG | $949,000 | |
| Listed by Sotheby's Int'l Realty-PG | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017