3840 Tomahawk Lane
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 |
|---|---|---|---|
| Dec 23, 2025 | Sold | ||
| Sold | |||
| Dec 16, 2025 | In contract | - | |
| In contract | |||
| Dec 7, 2025 | Relisted | $1,350,000 | |
| Relisted | |||
| Nov 25, 2025 | In contract | - | |
| In contract | |||
| Nov 19, 2025 | Listed by Keller Williams Realty | $1,350,000 | |
| Listed by Keller Williams Realty | |||
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Discover this beautifully remodeled 5-bedroom, 2-bath home in the desirable Bay Park/Clairemont area, set on nearly a quarter-acre lot with exceptional potential for future expansion. The home features a fully updated interior with remodeled bathrooms, a modern kitchen with new cabinets, quartz countertops, stainless steel appliances, and brand-new systems including a new AC unit and new furnace for year-round comfort. The detached two-car garage offers a prime opportunity for an ADU conversion, providing immediate value for investors or extended living needs. The expansive backyard adds even more upside, with enough space to build a second ADU positioned at the upper rear of the lot where elevated views can be captured. This rare combination of a remodeled home, oversized usable lot, and multiple ADU opportunities delivers tremendous flexibility for rental income, multigenerational living, or long-term equity growth. Located close to top-rated schools, nearby parks, Mission Bay, shopping, and dining, this home blends modern upgrades with outstanding development potential in one of San Diego’s most convenient and sought-after neighborhoods.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017