429 Palm Drive #4
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%.
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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 |
|---|---|---|---|
| Apr 24, 2021 | No longer available | - | |
| No longer available | |||
| Apr 13, 2021 | Listed | $598,888 | |
| Listed | |||
| | |||
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Situated in the very popular Northwest neighborhood of Glendale, resides a charming 2 story condo on a beautiful street lined with tall palm trees. Upon entering the front door you can't help but notice the spacious open floor plan with the amazing skylights highlighting the entire space, the cozy fireplace in the corner of the living room and the dining area with the double doors that lead out to a private patio which is perfect for entertaining. The tucked away kitchen features granite countertops, custom cabinets and stainless-steel appliances. Making your way up the staircase you're greeted with the 2 Hotel Style en-suite Bedrooms and a laundry room conveniently located in the hallway. There's so much more to this condo such as engineered wood floors, Central heating and cooling, NEST thermostat, recessed lighting throughout with dimmers, ample storage and 2 car parking with easy access to the unit. Only 5 units in the building that was built in 2003 and a Low HOA. Just minutes from Hoover High, Toll Middle School, Starbucks, Ralphs, Coffee Bean, Trader Joes, Citi Bank, Baskin Robbins, popular dining options and more! The manager has listed the unit size as 1059 square feet.
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| Jun 4, 2019 | Sold | ||
| Sold | |||
| Apr 22, 2019 | Listed by NextHome Luxe Group | $550,000 | |
| Listed by NextHome Luxe Group | |||
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Located above Glenoaks in one of Glendale's best neighborhoods, this bright & airy townhouse is steps away from Brick & Flour, Coffee Commissary and Moto Sushi. Filled with skylights, patios and balconies, this town home is great for entertaining and everyday living with its two master suites and open floor plan. With only five units in the building, this desirable unit also features central HVAC, stackable laundry upstairs and a gated carport w/ 2 car parking.
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| Oct 16, 2013 | Sold | ||
| Sold | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
11/22/2024
|
2 Bed
|
3 Bath
|
1082 ft²
|
$638,000
2 Bed
3 Bath
1082 ft²
|
$753,500
+18.10%
02/24/2025
|
Garrett Chan
Compass
| |
|
04/13/2021
|
2 Bed
|
3 Bath
|
1059 ft²
|
$598,888
2 Bed
3 Bath
1059 ft²
|
$685,000
+14.38%
06/04/2021
|
Raffi Soualian
| |
|
06/12/2019
|
2 Bed
|
2 Bath
|
1059 ft²
|
$589,000
2 Bed
2 Bath
1059 ft²
|
$620,000
+5.26%
07/26/2019
|
Val Hacopian
Remax Optima
| |
|
04/22/2019
|
2 Bed
|
2 Bath
|
1059 ft²
|
$550,000
2 Bed
2 Bath
1059 ft²
|
$605,500
+10.09%
06/04/2019
|
Sevan Baroni
NextHome Luxe Group
| |
|
07/31/2013
|
2 Bed
|
2 Bath
|
1059 ft²
|
$329,000
2 Bed
2 Bath
1059 ft²
|
$340,000
+3.34%
10/16/2013
|
Martin Lazarian
Coldwell Banker Hallmark
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017