400 El Cerrito Way
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 27, 2024 | Sold | ||
| Sold | |||
| Oct 20, 2024 | In contract | - | |
| In contract | |||
| Oct 11, 2024 | Listed by Compass | $898,000 | |
| Listed by Compass | |||
| Feb 24, 2023 | Sold | ||
| Sold | |||
| Jan 2, 2023 | Listed by Coldwell Banker Realty | $835,000 | |
| Listed by Coldwell Banker Realty | |||
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So many opportunities at this affordable price. This cute single story 3 bed home sits on an 11,000+ sq ft corner lot which allows alley access on 1 side of the property. Staged to show how comfortable you can be as you plan some updates. Most of the home has it's original charm like hardwood flooring, tiled kitchen and bath counter tops, wood burning fireplace, small dining nook sits to the side of the living room, 1/2 bath off the laundry room, washer and dryer included without warranty. We do have a newer high quality composition roof and newer windows. 2 car garage is attached to the home but the door access is to the rear yard patio not directly inside the home. Nice grassy Oak Park near home. Just a few blocks to grocery stores, pharmacies and churches. Large side yard could accomodate a large RV/motorhome. AUD is a strong possibility, please check with the City of Gilroy for requirements and fees.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017