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3611 Las Palmas 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 |
|---|---|---|---|
| May 27, 2026 | Sold | ||
| Sold | |||
| May 2, 2026 | In contract | - | |
| In contract | |||
| Mar 30, 2026 | Listed by Forward One | $1,350,000 | |
| Listed by Forward One | |||
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Located in the highly desirable Sparr Heights neighborhood of Glendale, this charming character home presents a rare opportunity to create your dream residence in one of the area's most sought-after pockets. Known for its tree-lined streets, strong sense of community, and proximity to Montrose Village, Sparr Heights offers a lifestyle that blends neighborhood charm with everyday convenience. The home features a warm and inviting layout with abundant natural light, original hardwood floors, and classic architectural details throughout. A spacious living room anchored by a traditional fireplace flows seamlessly into a formal dining area, creating an ideal setting for both everyday living and entertaining. Large windows frame peaceful neighborhood views and fill the home with natural sunlight. The kitchen and bathrooms retain their original charm, offering a perfect canvas for a thoughtful renovation. Generously sized bedrooms provide comfortable living spaces, while the overall floor plan lends itself well to modernization and customization. One of the standout features of the property is a room that has been taken down to the framing, offering a unique opportunity for the next owner to design and build out a space tailored to their exact needs. Whether envisioned as an expanded primary suite, family room, or creative studio, the potential is already in motion. The backyard includes a separate structure that can be utilized as a home office, studio, or flex space, ideal for today's work-from-home lifestyle. In addition, the detached garage presents an excellent opportunity for an ADU conversion, adding significant value and versatility to the property. This is a rare chance to personalize a home in a prime location, surrounded by top-rated schools, local shops, dining, and parks. With strong upside potential and multiple value-add opportunities, 3611 Las Palmas Ave is perfect for both end-users and investors looking to create something special in Sparr Heights.
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| Feb 17, 2024 | No longer available | - | |
| No longer available | |||
| Feb 16, 2024 | Sold | ||
| Sold | |||
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About Sparr Heights
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017