4470 Cerritos Avenue
About This Property
The newly designed custom Chef's multi-stationed kitchen will truly inspire you with its newer granite counters, travertine flooring, high-end appliances, custom walnut cabinets, built-in wine cooler and breakfast nook.
Entertain in the open Family Room area, complete with full wet bar and multiple French doors leading to the huge private yard with several sitting areas, outdoor kitchen, beautiful 10' deep pool and 8-person spa.
Master Suite with his and her closets, two sets of French doors opening to the beautiful backyard and a luxurious en-suite.
Large two car garage and carport space for 3 cars and more. Solar panels on roof that produce electricity for the whole house.
Award winning school district.
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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 |
|---|---|---|---|
| May 17, 2018 | Sold | ||
| Sold | |||
| Jan 10, 2018 | Listed by Coldwell Banker Coast Alliance | $1,320,000 | |
| Listed by Coldwell Banker Coast Alliance | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017