422 Alan Road
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 |
|---|---|---|---|
| Aug 5, 2025 | Sold | ||
| Sold | |||
| Jul 10, 2025 | In contract | - | |
| In contract | |||
| May 19, 2025 | Price Decreased |
$3,695,000
↓ $155K
(4%) | |
| Price Decreased | |||
| Apr 16, 2025 | Listed | $3,850,000 | |
| Listed | |||
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Perfectly located just half a block from Hendry's Beach, the renowned seaside Boathouse restaurant, and the scenic 70-acre Douglas Preserve, this gated and private 3-bedroom, 3-bathroom Spanish-style home is a quintessential Santa Barbara retreat. Set on an expansive .42-acre lot, the property features exceptional landscaping. Tucked behind mature hedging, the backyard unfolds as a lush sanctuary with native plants, fruit trees, winding garden paths, two outdoor dining areas, tranquil water features, a lotus pond, and a gentle creek along the border.
Inside, the home blends warmth and sophistication, with hardwood floors throughout and verdant views from nearly every window. Vaulted ceilings create an airy welcome upon entry, leading to a spacious formal living room anchored by a prominent fireplace and mantle. The open kitchen overlooks the backyard and flows seamlessly into the adjoining family room. With abundant storage and prep space, plus direct access to the formal dining room, casual breakfast area, and French doors to the outdoors, the kitchen is ideal for both entertaining and everyday living. A dedicated office with garden views and direct access to the attached two-car garage adds flexibility and functionality.
Upstairs, the primary suite offers vaulted ceilings, a fireplace, custom built-in shelving, and a spacious ensuite bathroom. Two additional guest bedrooms are filled with natural light, offering ample storage and views of the garden or mountains.
With inviting interiors and exceptional outdoor spaces, this home is perfectly designed for both relaxation and entertaining. Located in Santa Barbara's Coastal Zone and near the best the area has to offer, this is a rare opportunity to own a serene coastal property in one of the city's most desirable neighborhoods.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017