401 Ultimo Avenue
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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 |
|---|---|---|---|
| Sep 23, 2018 | No longer available | - | |
| No longer available | |||
| Sep 18, 2018 | Sold | ||
| Sold | |||
| Jun 19, 2018 | Listed | $1,099,000 | |
| Listed | |||
| | |||
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UNBELIEVABLE LOW PRICE!! HIGHLY SOUGHT AFTER SCHOOLS - LOWELL AND ROGERS!! This is an amazing opportunity to buy a large FOUR BEDROOM on a DOUBLE LOT in the highly sought after neighborhood of Alamitos Heights, known for its beach close great location and top notch schools. If you have been looking to get into a neighborhood like this at a great price, love homes with character and want a blank canvas to make your own, this wonderful property is waiting for you. The whole home is energy efficient and boasts paid-for solar panels, double pane windows and a newer roof. The floor plan not only offers four large bedrooms, including a HUGE master with a VIEW, sitting area and walk in closet, it has a big den with sliding doors to the patio, an ample living room with a fireplace, a formal dining room, a separate office or breakfast nook, multiple indoor/outdoor entertaining areas and a 3.5 car garage. The kitchen is open to the den and has lots of counter space, newly refaced cabinets, new drawers, new tile flooring and a breakfast bar. The bathrooms are fabulous–the newly remodeled master bath has dual sinks, a walk-in shower, custom tile surround and a large soaking tub. The other two bathrooms boast recycled glass countertops and custom bamboo-faced cabinets. This popular section of Alamitos Heights is known for its large lots, custom homes and close proximity to: the beach, Farmers’ Market, Colorado Lagoon, Belmont Shore, shops, restaurants and multiple parks and golf courses. The manager has listed the unit size as 2400 square feet.
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| May 30, 2018 | Listed by Coldwell Banker Coastal Alliance | $1,099,000 | |
| Listed by Coldwell Banker Coastal Alliance | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017