3395 Franklin Avenue
About This Property
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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 |
|---|---|---|---|
| Oct 14, 2026 | Price Decreased |
$550,000
↓ $25K
(4.4%) | |
| Price Decreased | |||
| Aug 22, 2026 | Listed by Mills Realty of California | $575,000 | |
| Listed by Mills Realty of California | |||
| Sep 8, 2025 | Listed | $525,000 | |
| Listed | |||
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Welcome to a historic and large corner turnkey home, centrally located minutes from Downtown Riverside, the University of California Riverside (UCR), Riverside Community College (RCC), and the Iconic Mission Inn. This vintage one-story 3 bedroom and 2 bath gated home has a large corner lot with excellent curb appeal. Many renovations bring the best of this house's past and present. It includes new paint interior & exterior, an entirely remodeled kitchen with a walk-in pantry, and recessed lighting. The entire home has been completely renovated with tile, updated windows, and a central A/C. The exterior area presents a new patio backyard, reconstructed porch, a newly installed asphalt driveway, and foundation. The home's roof has been replaced to last for many years to come. The detached garage and storage shed holds great rental earnings potential as an investment opportunity. It can be converted to a secondary residential Accessory Dwelling Unit (ADU) ie. studio. This traditional home's key features with its large lot and easy access to major freeways, the Metrolink, schools, shops, dining, and more creates a perfect space for multigenerational living.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017