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5685 Burning Tree Drive
About This Property
With approximately 4,070 sq ft, this home offers exceptional room count rarely found at this price point on the Westside. Ideal for multi-generational living, home-based professionals, or those needing dedicated hobby and flex spaces.
Upstairs features five bedrooms (with one as a potential 2nd home office) while the main level includes a formal living and dining area, private office, oversized hobby/bonus room, and additional flex space that could serve as a prayer room, mahjong or sewing room, study nook, or potential 6th bedroom.
A former photo processing darkroom presents opportunity for conversion to an additional bath or specialty space.
Sweeping mountain views, mature landscaping, and timeless brick architecture create strong long-term value.
Priced at approximately $117 per sq ft, this property presents a compelling value for buyers seeking square footage and versatility.
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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 |
|---|---|---|---|
| Jun 2, 2026 | Sold | ||
| Sold | |||
| May 31, 2026 | In contract | - | |
| In contract | |||
| May 5, 2026 | Relisted | $459,000 | |
| Relisted | |||
| Apr 27, 2026 | In contract | - | |
| In contract | |||
| Apr 11, 2026 | Price Decreased |
$459,000
↓ $20K
(4.2%) | |
| Price Decreased | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017