421 Lochmere Avenue
About This Property
Welcome to this beautifully cared-for 3 bedroom, 1 bathroom home, perfect for first-time buyers or those looking to downsize without sacrificing comfort. The updated kitchen features sleek granite countertops and flows seamlessly into the living area with modern flooring throughout. Each bedroom, along with the living room, is equipped with a highly efficient wall A/C unit for personalized comfort. Dual-pane updated windows enhance energy efficiency and natural light.
Outside, you'll find an oversized detached storage room-ideal for a workshop, hobby space, or extra storage. The backyard is a gardener's paradise, featuring mature fruit trees including apricot, cherry, loquat, orange, plum, and lime, as well as fragrant sage, rosemary, and lush greenery. Location, location, location! Located near schools, shopping and freeway. This home shows true pride of ownership and is ready for its next chapter. Don't miss this rare opportunity!
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Cap Rate Calculator
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 |
|---|---|---|---|
| Oct 21, 2025 | Sold | ||
| Sold | |||
| Oct 3, 2025 | In contract | - | |
| In contract | |||
| Sep 6, 2025 | Relisted | $688,888 | |
| Relisted | |||
| Sep 4, 2025 | In contract | - | |
| In contract | |||
| Aug 21, 2025 | Price Decreased |
$688,888
↓ $11K
(1.6%) | |
| Price Decreased | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017