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423 Montecito Avenue
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 |
|---|---|---|---|
| Oct 23, 2024 | Sold | ||
| Sold | |||
| Oct 6, 2024 | In contract | - | |
| In contract | |||
| Oct 6, 2024 | No longer available | - | |
| No longer available | |||
| Sep 26, 2024 | Listed by Redfin | $1,399,000 | |
| Listed by Redfin | |||
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Your own El Granada beach house awaits! Just a short walk from the beach is this beautifully updated ranch style home. This unique coastal home features three bedrooms/two bathrooms with a formal dining room- plus bonus room, all residing on a flat oversized 8,850' sq/ft lot. Step inside to discover 1550'+ sq/ft of airy, light-filled living space thoughtfully arranged to cater to a contemporary lifestyle. The kitchen features new stainless-steel appliances and stylish custom cabinets. Three well-appointed bedrooms including a master suite and extra bathroom round out the main living space. Also featuring a formal dining room and extra-large room great for an office, extra bedroom, or workout space. Sliding glass doors open to an expansive deck perfect for entertaining or that morning cup of coffee. Located just a short walk/bike ride from the great shops/dining of the HMB/Pillar Point harbor, recreation trails and beaches.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017