438 Calle Alcazar
About This Property
Situated in a highly desirable Walnut neighborhood, this beautifully updated South facing, California Ranch home sits on an expansive, lot of over 20,000 square feet. Offering the perfect blend of immediate turnkey living and limitless future appreciation, this property is a clean canvas ready for your dream estate backyard, a premium ADU, or an multi-generational compound.
Interior Highlights:
Move-In Ready: Recently renovated with sleek waterproof flooring, fresh neutral paint, and dual-pane windows maximizing natural light.
Chef's Kitchen: Equipped with premium granite countertops, modern cabinetry, and standard clean finishes.
Primary Comfort: Spacious layout featuring updated bathrooms and direct access to the massive outdoor space.
Exterior & Structural Upgrades:
Value-Add Infrastructure: Newer roof and an upgraded automatic sprinkler system servicing both the front and back lawns.
Eco-Friendly & Tech-Ready: The attached garage comes fully equipped with a dedicated EV-ready charging station.
Whether you want to move right in and enjoy the peaceful suburban lifestyle, expand the current footprint, or build to your heart's desire, properties with this caliber of usable land rarely hit the market in Walnut.
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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 |
|---|---|---|---|
| Jul 31, 2026 | Price Decreased |
$1,300,000
↓ $49K
(3.6%) | |
| Price Decreased | |||
| Jun 20, 2026 | Price Decreased |
$1,349,000
↓ $1K
(0.1%) | |
| Price Decreased | |||
| May 20, 2026 | Listed by LPT Realty, Inc | $1,350,000 | |
| Listed by LPT Realty, Inc | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017