320 E Reed Street
About This Property
The private master suite features its own entrance, ideal for an independent teen or visiting family members. All three fully remodeled bathrooms are outfitted with new tubs, toilets, vanities, and mirrors, ensuring a spa-like experience every day. The newly renovated kitchen shines with quartz countertops, stainless steel appliances, and self-closing cabinetry – perfect for both casual meals and entertaining. Outside, the expansive backyard is designed for gatherings, featuring a large covered patio and a charming wrought-iron fence. The aerated and sprinklered front and back lawns ensure a lush, green environment, complemented by a productive pomegranate tree. This home is ideally situated just one mile from Downtown Covina, with easy access to the 10, 605, and 210 freeways, as well as an abundance of shopping, dining, and entertainment options. Property is sold as-is with termite Section 1 clearance provided by the seller and includes a one-year upgraded home warranty. Don't miss the opportunity to call this beautifully updated home yours – the perfect blend of comfort, convenience, and style awaits!
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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 |
|---|---|---|---|
| Jan 3, 2025 | Sold | ||
| Sold | |||
| Dec 20, 2024 | In contract | - | |
| In contract | |||
| Nov 6, 2024 | Listed by Century 21 Masters | $925,000 | |
| Listed by Century 21 Masters | |||
| Aug 23, 2024 | Sold | ||
| Sold | |||
| Jul 4, 2024 | Listed by ROYAL HOMES & LOANS | $700,000 | |
| Listed by ROYAL HOMES & LOANS | |||
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Are you looking for an investment property! This home has great potential with 4 bedrooms, 2 baths and a permitted addition that can be a 5th bedroom (there is a closet) or used as an office; bonus room; or family room. It also has its own entrance! The home has updated plumbing; newer roof and solar panels; and newer AC unit but needs a lot of TLC on the interior. Off the living room is a large covered patio with a rod iron fence dividing the yard. This is a family neighborhood behind Kelby Park. You don't want to miss this one!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017