4520 Phelan Avenue
About This Property
This is a great opportunity to own this wonderful home located just 30 minutes from downtown LA. Easy access to the 210, 605 or 10 freeway. Centralized between Irwindale and West Covina this home has all or most of what is on your checklist!
Let's start with thd upgraded electrical panel and new roof. Both just a few years old and the solar panels that will help you to manage your electrical bills. The seller states,"that there is no Edison bill as of yet." There is more than enough room to accomodate an RV, work trucks or multiple vehicles. The backyard provides ample space for entertaining, relaxing or swimming in the refreshing pool that goes up to 12 feet deep.
The move in ready home features a newly remodeled kitchen with recess lighting. The open kitchen/living room area provides a seamless flow for conversations with family and/or guests. All four bedrooms are roomy and come with ceiling fans and good size closets. The welll done tiled bathrooms are great for easy maintennace. There are simply too many features about this home to share. It will be worth your time to see for yourself!
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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 |
|---|---|---|---|
| Dec 4, 2024 | Sold | ||
| Sold | |||
| Nov 1, 2024 | In contract | - | |
| In contract | |||
| Sep 29, 2024 | Listed by REALTY MASTERS & ASSOCIATES | $795,000 | |
| Listed by REALTY MASTERS & ASSOCIATES | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017