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3711 Arden Drive
About This Property
This charming 2 bedroom, 1 bath home with den and spacious backyard with covered patio on one of the largest lots in the neighborhood. Newer roof, new gas line, and front porch. This gem is the perfect opportunity for any investor looking for a fixer upper or home buyer willing to give some TLC. The property is located conveniently to downtown El Monte, 10 freeway, Metro station, Alta Medical group, shopping centers, restaurants, El Monte shopping strip and San Gabriel Valley Airport. The property is zoned as EMR3, allowing the construction of multi-unit housing. The perfect blank canvas to make your own!!!
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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 3, 2019 | Sold | ||
| Sold | |||
| Jul 25, 2019 | Listed by REVIRON REALTY | $500,000 | |
| Listed by REVIRON REALTY | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017