3514 Cerritos Avenue
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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 |
|---|---|---|---|
| Aug 29, 2024 | Sold | ||
| Sold | |||
| Jul 9, 2024 | Listed by Three Lions Realty | $1,299,000 | |
| Listed by Three Lions Realty | |||
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Established in 1924, this beautiful Spanish Colonial located in the heart of historic California Heights celebrates its 100th birthday, and what better way than to welcome new owners. Extensively remodeled by its current owners with no detail spared, this three bedroom, two bathroom home has it all. Enter to an open plan, airy living space which flows through to a designer kitchen, complete with a double oven, and a stunning kitchen island, perfect for entertaining. Easy access to the expansive and professionally designed backyard, creating the perfect synergy between indoor/outdoor living. Significant upgrades include wood-framed windows and doors, new bathrooms, new HVAC system, 200 amp electrical panel, new plumbing + sewer line, and outside shower. Additionally the outdoor has custom lighting, and a drip irrigation system. The detached garage is spacious and is prime for an ADU or art studio, and the yard has more than enough room for a large pool! A home that captures and maintains a blend between Spanish charm, character and modern upgrades. Walkable to boutique shops, coffee shops and breweries, welcome to Cal Heights!
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| May 22, 2020 | Sold | ||
| Sold | |||
| Apr 14, 2020 | Listed by Re/Max R. E. Specialists | $719,000 | |
| Listed by Re/Max R. E. Specialists | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017