422 Central Avenue
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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%.
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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 |
|---|---|---|---|
| Mar 26, 2018 | Sold | ||
| Sold | |||
| Dec 18, 2017 | Listed by Century 21 MM | $499,000 | |
| Listed by Century 21 MM | |||
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If you like being only 2 short blocks from the ocean, bike path and a short walk to Lover's Point, this is for you! This home features 3 Bedrooms and 1 Bathroom with a large basement and partially finished attic. Ocean view from attic window! A chapel has been built alongside the house (permits unknown). According to the City of Pacific Grove, it's located in the Historic Resources Inventory and is zoned R3 PGR (Pacific Grove Retreat which allows it to have a 2nd unit or it can be a Bed and Breakfast - depending on water credit availability). Buyer to verify this information. This will be a CASH SALE ONLY and will sell fast! Offers due by 5pm on Jan. 5, 2018 and will be reviewed and responded to after Jan 6, 2018.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017