375 La Costa Ave
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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 |
|---|---|---|---|
| Sep 29, 2024 | Price Increased |
$3,200,000
↑ $400K
(14.3%) | |
| Price Increased | |||
| Sep 25, 2024 | Sold | ||
| Sold | |||
| Sep 19, 2024 | In contract | - | |
| In contract | |||
| Sep 5, 2024 | Price Decreased |
$3,490,000
↓ $410K
(10.5%) | |
| Price Decreased | |||
| Aug 27, 2024 | Listed by Coastal Premier Properties | $3,900,000 | |
| Listed by Coastal Premier Properties | |||
| | |||
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This expansive 0.9 acre parcel is a rare find near the coast—there's truly nothing else like it! An exceptional opportunity for a residential lot, perfectly zoned for development. This property can be split into two distinct lots through a traditional lot split or the SB9 lot split, allowing for significant flexibility in your building plans. Imagine constructing a primary residence alongside an ADU or 2 on each parcel, totaling six structures when combined with the lot split. This remarkable site also offers the potential for a grand estate, complete with ample privacy, space for substantial fencing, and a secure gate. Build your dream home and a guesthouse, all while enjoying the luxury of seclusion and breathtaking ocean views from the second story. Utilities are conveniently stubbed on the property, with sewer access available in the road. A thorough soil report has been conducted, indicating excellent soil quality. Located in a prime area near Ponto and Grandview Beach, with easy access to the 5 and PCH.The property is fully fenced and includes a small office on-site. Don’t miss this opportunity to build your ideal dream home or two in the sought after community of Encintas!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017