416 9th Street
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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 |
|---|---|---|---|
| Jul 30, 2022 | No longer available | - | |
| No longer available | |||
| Jul 24, 2022 | In contract | - | |
| In contract | |||
| Jul 2, 2022 | Listed by Over the Moon Realty, Inc | $1,875,000 | |
| Listed by Over the Moon Realty, Inc | |||
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Living doesn't get much easier in this 2200+ sq ft home situated on a corner lot, surrounded by a beautiful and low maintenance paver courtyard highlighted with spectacular bougainvillea. A recently updated kitchen features a Miele steam oven, marble countertops, a walk-in pantry and a garden window. New luxury vinyl plank floors are as practical as they are attractive. The floor plan is flexible with one primary suite on the ground level and one primary suite upstairs with a walk-in closet and a nice peek of the Monterey Bay. If you are looking for 3 bedrooms, the oversized upstairs bedroom could be returned its original layout of 2 bedrooms. Plantation shutters, built-in bookcases, new garage door, updated electrical, and an EV charger in the 550+ sf garage (two cars, a laundry room, and a workshop area) are just a few more advantages of this home. The location is close to everything we all love about Pacific Grove - downtown, Lover's Point, and top-rated schools. The manager has listed the unit size as 2360 square feet.
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| Jun 23, 2017 | Sold | ||
| Sold | |||
| Mar 24, 2017 | Listed by Sotheby's Int'l Realty-PG | $1,139,000 | |
| Listed by Sotheby's Int'l Realty-PG | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017