394 Ultimo Avenue
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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%.
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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.
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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 6, 2021 | No longer available | - | |
| No longer available | |||
| Oct 9, 2020 | In contract | - | |
| In contract | |||
| Sep 12, 2020 | Listed | $1,215,000 | |
| Listed | |||
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Turnkey Tuscan style home located in the highly sought after and beautiful tree lined streets of Alamitos Heights. This 3 Bedroom + bonus room, 2 1/2 bath, has been updated with top of the line details and finishes. Upon approaching through the gated grass yard and custom entertaining hardscape, you will enter the home via keyless entry into the open concept layout complete with plantation shutters, crown molding, recessed lighting, central air and heat, and surround sound. Entertain your family and friends in the formal or informal dining areas off of the kitchen equipped soft-close cabinets, granite countertops, breakfast bar, and bay window. Cozy up with the family in the spacious living room with wood burning fire place and built in hearth and entertainment center. Through the French doors step on to the back patio complete with stone fountain and turfed side yard dog run. Upstairs you will find all 3 bedrooms equipped with new top of the line plush carpet. Retreat to the Master suite with en-suite bathroom, walk-in closet, wood burning fireplace, remote controlled skylight plus an additional bonus room, perfect for home office or nursery. The two additional large bedrooms and full hall way bathroom complete the upstairs. Solar panels paid off in full. Two car garage with garage storage system with hardwood workbench. Minutes from Colorado Lagoon, Marina Vista Park, and Belmont Shore. Enjoy parks, concerts, farmer’s market, shopping, beach & top rated schools. The manager has listed the unit size as 2204 square feet.
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| Jan 5, 2018 | Sold | ||
| Sold | |||
| Oct 16, 2017 | Listed by Nationwide Real Estate Execs | $995,000 | |
| Listed by Nationwide Real Estate Execs | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017