35 Cabrillo Drive
About This Property
Walk into the spacious living room with wood burning fireplace, kitchen and dining area which all open up to an enormous partially covered patio great for entertaining! Two bonus exterior storage closets on the patio can be utilized for many things, we all know that in Avalon extra storage space is extremely valuable. The main floor in complimented with a large bedroom with its own 3/4 bathroom. Go up the spiral staircase to find the additional two rooms. The first upstairs bedroom is another large space and the second is a gigantic master bedroom. Both upstairs bedrooms have vaulted ceilings with tons of natural light. They share a Jack and Jill style bathroom which each have their own entrances into their private single vanity and toilet half baths with entry from either side to the tub and shower. Small driveway leads to the attached garage which provides off-street covered parking, side by side washer and dryer, water heater, and additional storage. Fairview Terrace is a beautiful development with nice landscaping. 48 units in all which do not allow short term rentals. Homeowners association has a clubhouse that can be reserved for events, pool, hot tub, bathrooms with saunas, and a tennis court. This property is a great family home whether it is your primary residence or a second home. Avalon is a great place to work remotely and enjoy the island lifestyle. Seize the day and make this property your slice of paradise!
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Cap Rate Calculator
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 |
|---|---|---|---|
| Sep 15, 2026 | Sold | ||
| Sold | |||
| Aug 1, 2026 | In contract | - | |
| In contract | |||
| Jun 5, 2026 | Price Decreased |
$895,000
↓ $54K
(5.7%) | |
| Price Decreased | |||
| Oct 29, 2025 | Price Increased |
$949,000
↑ $54K
(6%) | |
| Price Increased | |||
| Jun 4, 2025 | Listed by Catalina Realtors | $895,000 | |
| Listed by Catalina Realtors | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
12/12/2017
| |
3 Bed
|
2 Bath
|
1645 ft²
|
$635,000
3 Bed
2 Bath
1645 ft²
|
$635,000
01/23/2018
|
Bart Glass
Bart M. Glass, Broker
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017