3561 Cerritos 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.
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 |
|---|---|---|---|
| Jun 5, 2024 | No longer available | - | |
| No longer available | |||
| May 9, 2024 | In contract | - | |
| In contract | |||
| May 1, 2024 | Listed by Compass | $1,385,000 | |
| Listed by Compass | |||
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Located on one of the best tree-lined streets in California Heights, you are sure to be impressed by this beautifully updated home situated on a larger lot with a sparkling swimming pool. Set back from the street, this historic traditional style home wrapped in white wood siding has tons of charm and great curb appeal. A chevron pattern brick patio ushers you up the steps to the sophisticated green door and into the large and inviting entry, living room combination. Well maintained original oak floors draw your eye to the elegant dining room and out to the newly installed trex deck positioned below hanging lights for added ambiance. Flanked by mature palm trees and beachy landscape, a waterfall spills into the kidney bean swimming pool ideal for floating or wading, keeping you cool on a hot summer day. The large and private yard has an outdoor lounge and access to the detached 2-car garage that could be reimagined into an ADU or cabana. A recently completed primary spa retreat with a dual sink vanity, oversized shower and soaking tub below a chandelier is the highlight of the primary suite that also features a California Closet designed walk-in and a nice sized room with direct access to the back patio. The kitchen with eat-in dining features granite countertops, stainless steel appliances and a bay window to admire the mature neighborhood trees. Gorgeous, vaulted, wood-beamed ceilings adorn the rear guest room with a designer green accent wall and views of the backyard. This home has been cosmetically upgraded throughout and also includes a new roof, ABS sewer drain line, HVAC with ducting and insulation, pool pump, plantation shutters, and more. The street to alley lot with a long driveway and plenty of on-site parking give this property lots of future opportunity in an already turn-key home. An 85 walk score shows how conveniently located this home is to lots of shops and entertainment. Also it’s just minutes to the 405 Freeway making it convenient for commuting to work or a weekend getaway. Don’t wait to make this unique pool home yours, just in time for summer. The manager has listed the unit size as 1766 square feet.
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| May 6, 2020 | Sold | ||
| Sold | |||
| Mar 25, 2020 | Listed by Re/Max R. E. Specialists | $849,000 | |
| Listed by Re/Max R. E. Specialists | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017