38 Tehama
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 |
|---|---|---|---|
| Jul 29, 2026 | Listed by Coldwell Banker Realty | $32,000,000 | |
| Listed by Coldwell Banker Realty | |||
| Aug 17, 2021 | Listed by Sotheby's International Realty | $6,250,000 | |
| Listed by Sotheby's International Realty | |||
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In the exclusive Tehama community envisioned by Clint Eastwood is The Summit (a 10.05-acre property) poised atop Tehama's most distinctive crest with nearly 360-degree views of the surrounding mountains and blue waters of the Pacific. The spacious building envelope spans across the tree-lined plateau, featuring unobstructed sightlines of Monterey Bay and the Santa Cruz Mountains to the north and Carmel Bay to the west, including the iconic cliffs of Point Lobos. To the south and southeast, 180-degree views of the Santa Lucia Range and foothills are in full view, as are the Tehama Clubhouse, Fitness Center and Golf Course to the immediate north. Owners enjoy Tehama social membership (subject to dues, fees & rules/regulations), including dining, fitness center, tennis and swimming pools. Located in the highly rated Carmel School District, Tehama has secure, gated entrances and is just 10 minutes from both Carmel-by-the-Sea and Monterey.
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| Aug 3, 2021 | Sold | ||
| Sold | |||
| Sep 2, 2020 | Listed by Compass | $6,250,000 | |
| Listed by Compass | |||
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In the exclusive Tehama community envisioned by Clint Eastwood is The Summit (a 10.05-acre property) poised atop Tehama's most distinctive crest with nearly 360-degree views of the surrounding mountains and blue waters of the Pacific. The spacious building envelope spans across the tree-lined plateau, featuring unobstructed sightlines of Monterey Bay and the Santa Cruz Mountains to the north and Carmel Bay to the west, including the iconic cliffs of Point Lobos. To the south and southeast, 180-degree views of the Santa Lucia Range and foothills are in full view, as are the Tehama Clubhouse, Fitness Center and Golf Course to the immediate north. Owners enjoy Tehama social membership (subject to dues, fees & rules/regulations), including dining, fitness center, tennis and swimming pools. Located in the highly rated Carmel School District, Tehama has secure, gated entrances and is just 10 minutes from both Carmel-by-the-Sea and Monterey.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017