496 Crane Boulevard
About This Property
The updated open kitchen includes a center island, stainless steel appliances, and modern cabinetry. A large loft-style primary bedroom overlooks the main level and offers flexibility for a home office or creative space. The living room, with its cozy fireplace and stunning views, is where calm meets character.
The home was appraised in May at over $1.5 million. This is an exceptional value given the view, location, and upside potential.
An enclosed 800 sqft lower level (not included in the listed square footage) offers enormous potential for expansion. Architect plans and renderings show the possibility of expanding the space into a 2,100 sqft, 4 bed, 3 bath home-or a permitted ADU for rental income estimated at $3,000 to $4,000/month. Whether you're looking for future upside or multi-generational living, the groundwork is in place.
Additional upgrades include owned solar, a tankless water heater, and a finished 2-car garage with epoxy floors. Nestled in the hills yet minutes from York Blvd, Highland Park, and DTLA, this is more than a home-it's a lifestyle with a view.
Come for the sunsets, stay for the potential-and take advantage of a price that reflects both.
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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 14, 2025 | Sold | ||
| Sold | |||
| Sep 29, 2025 | In contract | - | |
| In contract | |||
| Sep 24, 2025 | Listed by Aspire Realty Advisors | $1,275,000 | |
| Listed by Aspire Realty Advisors | |||
| Sep 5, 2025 | Price Decreased |
$1,299,000
↓ $50K
(3.7%) | |
| Price Decreased | |||
| Aug 20, 2025 | Price Decreased |
$1,349,000
↓ $46K
(3.3%) | |
| Price Decreased | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
About East LA
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017