$1,725,000
●
House -
Off Market
340 Jerome Avenue
Piedmont, CA 94610
3 Beds
3 Baths
2,661 Ft²
$4,886
Est. Monthly
About This Property
Opportunity Knocks! Owned by the same family for more than 50
years, this property has become a coveted FIXER with huge upside
potential. Much of the original Mediterranean architecture is
still intact including the gracious tile and wrought iron detail in
the entry hall and staircase. The spacious living room is
anchored by a fireplace has high ceilings and loads of natural
light. A formal dining room and charming breakfast room flank
a dated kitchen followed by a full bathroom, laundry room and a
creative man cave/den. Upstairs, there are three bedrooms and two
baths. The largest bedroom has a door to the backyard where a
hot tub sits along a path that leads to a very charming gazebo in
the opposite garden corner. There is an attached garage with
interior access and good storage space. Come enjoy all that
Piedmont has to offer...top rated public schools K-12, outstanding
emergency services (police, paramedic and fire), easy access to
transportation options and a few blocks to our new aquatic center
and the beloved Mulberry Market. Bring your ideas and your
contractor!
Unit Size
2,661 Ft²
Days on Market
20 days
Land Size
0.14 acres
Price per sqft
$374
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1935
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Cap Rate
100% Occupancy
N/A (extreme outlier) 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.
Last updated: 6 months ago (bridgeMLS/CCAR/Bay East AOR #41131501)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| May 8, 2026 | Sold | ||
| Sold | |||
| Apr 29, 2026 | In contract | - | |
| In contract | |||
| Apr 18, 2026 | Listed by Compass | $995,000 | |
| Listed by Compass | |||
Property Highlights
Garage
Fireplace
With View
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Piedmont
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Listed by: Mindy Scott, Compass
Last Updated: 6 months ago
Data Source: CRMLS, MLS# 41131501
Last Updated: 6 months ago
Data Source: CRMLS, MLS# 41131501
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