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3233 Michigan
About This Property
While the home could benefit from some updating, it presents an incredible opportunity to create something truly special. Recent improvements include fresh interior paint, newer vinyl windows, and sliding doors throughout.
Additional highlights include both a living room and family room, a large entertainer's backyard with a solar-heated blue pool and water feature, a spacious covered patio for gatherings, and a side gate ideal for storing recreational vehicles. The home also features a working vintage Nu-Tone intercom system and built-in Nu-Tone Stereo system adding the perfect retro touch for those who appreciate true mid-century character.-perfect for hosting and enjoying the Southern California lifestyle.
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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 |
|---|---|---|---|
| Jun 10, 2026 | Sold | ||
| Sold | |||
| May 8, 2026 | In contract | - | |
| In contract | |||
| Apr 1, 2026 | Listed by Trust Properties USA | $1,725,000 | |
| Listed by Trust Properties USA | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017