3633 Platt Avenue
About This Property
Situated on a large lot, the home includes a detached oversized 2-car garage with excellent ADU potential (buyer to verify). The expansive backyard backs directly to the park, offering added privacy and the unique opportunity for a separate rear entrance to a future ADU.
Conveniently located near major freeways and directly across the street from Martin Luther King Jr. Community Hospital, this property combines a prime location with outstanding investment potential. Whether you're looking for a move-in-ready family home or a property with room to expand, this is an opportunity you won't want to miss.
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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 |
|---|---|---|---|
| Oct 22, 2026 | Sold | ||
| Sold | |||
| Aug 28, 2026 | In contract | - | |
| In contract | |||
| Aug 26, 2026 | Relisted | $775,000 | |
| Relisted | |||
| Aug 25, 2026 | In contract | - | |
| In contract | |||
| Aug 3, 2026 | Listed by Real Brokerage Technologies | $775,000 | |
| Listed by Real Brokerage Technologies | |||
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About Lynwood
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017