1
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501 W Olive Avenue
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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%.
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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.
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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 24, 2023 | No longer available | - | |
| No longer available | |||
| Aug 10, 2023 | In contract | - | |
| In contract | |||
| Jul 28, 2023 | Listed by RE/MAX Lakeside | $820,000 | |
| Listed by RE/MAX Lakeside | |||
| | |||
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VOILA! This stunning spacious and elegant vintage 2094 sq. Ft. bungalow style home (EARTHQUAKE RETROFITTED FOUNDATION) on a large 10,240 sq. Ft lot is a must-see! Just a couple of blocks to the Redlands bowl and library, plus all that downtown has to offer. One block to the Olive Market. Three bedrooms, 2 baths (includes a master bath), PLUS an OFFICE, offers a perfect floor plan! As you enter the home, you are greeted by a long front porch that leads into a huge living room featuring a centered fireplace with bracketed mantle, matching glass built-in bookcases on both sides. The large dining room is perfect for entertaining guests and features a gorgeous crystal chandelier and built-in buffet with beveled glass inserts. You'll love the enclosed side porch with stained glass style transom window off the dining room, perfect for that extra informal dining area or reading room. The large kitchen area is flooded with natural light and features an original walk-in pantry. Don’t miss the NUMEROUS CLOSETS throughout the home offering ample storage. The hall bathroom has built-in cabinets, and the original toilet works and is a work of art! Hardwood floors throughout the home add to the vintage charm. Other features of this home include a separate indoor laundry room, central heat and air, and a rear yard that is perfect for outdoor entertaining with a covered patio, 2 fountains, many flowers, shrubs, green grass, fruit trees, and an outdoor stone barbecue. On the side of the house, there is another lovely outdoor sitting area with chandelier, adding to the charm of this home. The detached 2-car garage also includes attached workshop/storage space. Don't miss out on the opportunity to make this charming vintage bungalow your home! The manager has listed the unit size as 2094 square feet.
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| Aug 23, 2018 | No longer available | - | |
| No longer available | |||
| Aug 2, 2018 | Sold | ||
| Sold | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017