3500 Downing Avenue
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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%.
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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.
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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 20, 2025 | Sold | ||
| Sold | |||
| May 22, 2025 | In contract | - | |
| In contract | |||
| May 9, 2025 | Listed by COMPASS | $1,449,000 | |
| Listed by COMPASS | |||
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Behold! Serenity awaits with this 1938 Craftsman style bungalow, lovingly cared for through the years. Surrounded by a bevy of trees including fruitless pear, fir and camphor, and recessed back from the street, this treasure stays cool and private. Walk up the flagstone pathway, up a few stairs to the wraparound front porch and the newly refinished front door. Look behind you and gaze at the Verdugo Mountains. Cross the threshold and be welcomed by the soothing living room with brick wood/gas fireplace and elegant wood mantle, recessed lights, extra wide crown molding, restored double hung, sash windows and refinished original hardwood floor. The dining room is conveniently located between the living room and kitchen with a built in buffet with china cabinet and plenty of windows. The kitchen has Armstrong luxury stone-look vinyl tile flooring, Pella casement windows, butcher block counters, with white subway tile backsplash, custom hardwood cabinetry including pantry closet and no-slam drawers, stainless steel appliances including a Maytag microwave, Samsung 5-burner stove and KitchenAid dishwasher, farmhouse porcelain sink with brushed nickel gooseneck faucet and Maile stacked wifi washer/dryer. Off the hallway are three bedrooms. The full bathroom off the hallway has a tubular skylight, a deep closet, Kohler pedestal sink, Kohler toilet, deep soak spa tub with overhead rain shower head and shower wand and large hexagonal black and white tile flooring. The fully enclosed backyard offers a newly stained deck for al fresco dining with a view of the San Gabriel Mountains, a newly painted play set and monkey bars and a brick patio behind the garage with a raised herb garden. Also there's a good-sized flat Marathon grass area. The 2-car detached garage offers extra storage. Walkability is through the roof with Montrose shopping, Montrose Park and Verdugo Blvd retail. Award-winning La Crescenta public schools with Fremont elementary just down the street. This house includes ADT camera security, keyless entry, automatic garage door, central air/heat, tankless water heater, gutters, myer lemon tree, pomegranate tree, all new interior paint, Rachio smart watering system, attic cleaned and sanitized, and earthquake retrofitted foundation. Make this your dream come true.
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| Nov 7, 2017 | Sold | ||
| Sold | |||
| Sep 22, 2017 | Listed by Podley Properties | $821,000 | |
| Listed by Podley Properties | |||
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About Sparr Heights
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017