51
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4508 Olive Highway
About This Property
Designed for year-round comfort, the home features five ductless mini-split zones-four for the main house and one in the garage. An owned 7.5 kW solar system adds energy efficiency, while the membrane roof offers durability and low-maintenance appeal.
Natural materials shine throughout, including cedar and lime-plaster siding, butcher-block countertops, luxury vinyl plank flooring, and oak flooring in the bedrooms. Curved walls and distinctive lighting add personality, while the open design creates an inviting connection between indoor and outdoor living.
The flexible floor plan offers four bedrooms. The primary bedroom is thoughtfully separated from the other three and features an attached bathroom and private exterior door. This versatile space could also serve as an additional living room, guest space, or private retreat. A small office area nearby is ideal for working from home or hobbies. The other three bedrooms share an updated bathroom that is anything but ordinary. A versatile bonus room offers additional possibilities as a sunroom, fitness room, playroom, hobby room, or reading nook.
Outside, the large driveway provides plenty of parking for multiple vehicles, an RV, boat, or recreational toys. Mature landscaping includes a beautiful live oak and Chinese pistache tree.
The detached converted garage adds even more potential, with a partially completed kitchen and 3/4 bathroom. Finish the space to create an ADU, guest suite, rental, home office, studio, or additional living area. Buyer to verify ADU potential and requirements.
Just a short drive to Lake Oroville, Bald Rock, and grocery shopping, this unique property offers character, flexibility, convenience, and energy-conscious living. Mid-century style, natural materials, indoor/outdoor living, and plenty of possibilities-this is a home with personality.
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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 |
|---|---|---|---|
| Oct 7, 2026 | Price Decreased |
$369,000
↓ $6K
(1.6%) | |
| Price Decreased | |||
| Sep 19, 2026 | Price Decreased |
$375,000
↓ $24K
(6%) | |
| Price Decreased | |||
| Sep 16, 2026 | Price Decreased |
$399,000
↓ $20K
(4.8%) | |
| Price Decreased | |||
| Sep 12, 2026 | Listed by Upside Real Estate | $419,000 | |
| Listed by Upside Real Estate | |||
| Jul 7, 2026 | Price Decreased |
$469,000
↓ $21K
(4.3%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017