49624 Park Avenue
About This Property
First time on the market - A home with Heart and Heritage. Welcome to a cherished gem, making its debut on the market after a lifetime of creating memories. It's time to pass on the torch.
Situated on an oversized corner lot, the property boasts panoramic views of majestic Mt. San Jacinto, offering a serene escape from the hustle and bustle.
At the heart of the property is an approximately 1,000 sq ft garage/workshop, a dream space ready to meet your creative or practical needs. Whether you're a hobbyist, tinkerer, or need extra storage, this space is as versatile as your imagination.
The home itself features 3 bedrooms, 2 bathrooms, a dedicated laundry room with ample storage, and a flex room perfect for an office or creative studio. The game room has seen many a pool match and is ready for your imagination.
The oversized covered front porch, complete with water and power, sets the stage for family gatherings, barbecues, and celebrations under the open sky.
Located on a paved road in the highly desirable southwest end of the valley, this home offers unbeatable convenience. Just a short walk brings you to the farmers market, local eateries, parks, a bird sanctuary, and the nearby elementary school. For outdoor enthusiasts and explorers, Joshua Tree National Park, Pioneertown, and Palm Springs International Airport are all within a 20-minute drive.
Don't miss the chance to own a home with character, square footage, and location - where every sunset over the mountain is a reminder that you've found something truly special. Here is the finale - the seller has had the property recently appraised and is offering it below appraised value, giving you an immediate equity advantage. Solar is in place setting you up for significant savings and energy independence. The potential is limitless.
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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 |
|---|---|---|---|
| Sep 30, 2025 | Sold | ||
| Sold | |||
| Sep 21, 2025 | In contract | - | |
| In contract | |||
| Jul 18, 2025 | Price Decreased |
$455,000
↓ $30K
(6.2%) | |
| Price Decreased | |||
| May 29, 2025 | Price Decreased |
$485,000
↓ $5K
(1%) | |
| Price Decreased | |||
| Apr 25, 2025 | Price Decreased |
$490,000
↓ $7K
(1.4%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017