3758 Larkspur
About This Property
Spacious and income-producing 5 bedroom, 4 bathroom home featuring two private primary suites, including one conveniently located on the first floor, ideal for multi-generational living, guests, or flexible rental arrangements. The thoughtful floorplan offers generous bedroom sizes and multiple private bath spaces, providing comfort and privacy for every occupant.
The common living areas create a welcoming space to gather, while the layout is perfectly suited for student housing or shared living. Located in a quiet, established neighborhood with easy access to the UC CatTracks bus line, commuting to campus is simple and convenient.
Enjoy close proximity to parks, restaurants, shopping, gyms, and medical facilities, adding everyday convenience and long-term value to this prime location.
Currently tenant-occupied with reliable student renters and strong monthly income, this property offers immediate cash flow and excellent upside potential for investors, or a smart opportunity for buyers looking to offset their mortgage with rental income.
Don't miss this rare chance to own a well-located, high-demand property in growing Merced!
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Cap Rate Calculator
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 |
|---|---|---|---|
| Mar 27, 2026 | Sold | ||
| Sold | |||
| Mar 10, 2026 | In contract | - | |
| In contract | |||
| Feb 17, 2026 | Listed by BHGRE Everything Real Estate | $425,000 | |
| Listed by BHGRE Everything Real Estate | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017