1
Map
$700,000
●
House -
Off Market
409 Encanto Lane
Monterey Park, CA 91755
3 Beds
2 Baths,
1
Half Bath
1,647 Ft²
$1,031,793
RealtyHop Estimate
47.40%
Since Aug 1, 2019
CA-Los Angeles
Primary Model
About This Property
Encanto Walk is a newer neighborhood of single-family homes
inspired by Spanish architectural design. Situated in a gated
community that places you right where you want to be in Monterey
Park. Conveniently located to a variety of dining and
shopping opportunities. The close proximity to freeways allows an
unparalleled level of access to Downtown LA. This upgraded home
located in a private courtyard offers a spacious open floor plan
with 3 bedrooms and 2.5 bathrooms. The home has a private
attached two-car garage, a drought tolerant spacious low
maintenance backyard which features a built-in firepit and a
beautiful custom waterfall. Additional amenities include: solar
panels (paid off), tankless water heater, energy efficient HVAC,
water efficient faucets and toilets, energy efficient windows,
recessed lighting, Energy Star appliances, upgraded quartz and
granite countertops throughout, laminate flooring, custom shutters
throughout, upgraded vanities in all bathrooms, a master bedroom
walk-in closet, and much more. This truly turnkey immaculate home
will not disappoint.
Unit Size
1,647 Ft²
Days on Market
36 days
Land Size
0.65 acres
Price per sqft
$425
Property Type
House
Property Taxes
-
HOA Dues
$195
Year Built
2016
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Cap Rate
100% Occupancy
N/A (extreme outlier) 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.
Last updated: 5 months ago (CRMLS #AR19132570)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jul 12, 2019 | Sold | ||
| Sold | |||
| Jun 6, 2019 | Listed by Coldwell Banker Arcadia | $699,999 | |
| Listed by Coldwell Banker Arcadia | |||
Property Highlights
Garage
Air Conditioning
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Monterey Park
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
Listed by: Cesar Carrillo, Coldwell Banker Arcadia
Last Updated: 5 months ago
Data Source: CRMLS, MLS# AR19132570
Last Updated: 5 months ago
Data Source: CRMLS, MLS# AR19132570
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