347 Descanso 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 |
|---|---|---|---|
| Apr 21, 2024 | No longer available | - | |
| No longer available | |||
| Mar 16, 2024 | In contract | - | |
| In contract | |||
| Nov 15, 2023 | Listed by Kelly Nelson Brown Real Estate | $1,199,000 | |
| Listed by Kelly Nelson Brown Real Estate | |||
| | |||
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Beautiful Catalina and its idyllic island lifestyle await you in this charming 2 bedroom, 2.5 bath Catalina Craftsman cottage located on one
of the most sought-after streets in the “The Flats” and is ready tomove in! Completely re-built from Foundation up in 2020. Top of the
line construction finishes and materials from Hardie cement lap siding and trim with shingle accents to Andersen Windows and Skylights throughout.
Benjamin Allure paint inside and out. Top of the line Kohler plumbing and fixtures. Custom finish carpentry and built-ins throughout. 400
Square Foot Rooftop deck with peek of the Ocean and expansive Canyon Views complete with outdoor kitchen, barbeque, Fire-Pit and a half bath creates a perfect for space for entertaining and epitomizes your in-door outdoor coastal living experience. Comes beautifully furnished and 2020 Yamaha golf cart. Blocks to the beach, restaurants, & shops. A must-see property. Only a short boat ride or helicopter ride from the mainland. Come home to Avalon! The manager has listed the unit size as 850 square feet.
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| Apr 5, 2019 | Sold | ||
| Sold | |||
| Dec 21, 2018 | Listed by Catalina Realtors | $570,000 | |
| Listed by Catalina Realtors | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017