617 W 214th Street
About This Property
The living room gets lots of natural light from the large front dual pane windows and the rear French doors that open to the patio. The primary bedroom has an en-suite full bathroom and the kitchen comes with stainless appliances, a large built-in pantry / storage and also has plenty of cabinet space. Additionally, the property features an approximately 830 sq ft permitted 2-bedroom, 1-bath loft above the spacious 3-car garage with 2 storage rooms making it ideal for additional rental income, guest housing, or as an in-law suite. Positioned approximately 7 miles to the beach, close to all So Cal freeways and with ongoing growth and future developments in the area, this location is ideal for both short and long-term investments.
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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 |
|---|---|---|---|
| Dec 3, 2024 | Sold | ||
| Sold | |||
| Oct 30, 2024 | In contract | - | |
| In contract | |||
| Oct 7, 2024 | Relisted | $1,249,000 | |
| Relisted | |||
| Oct 6, 2024 | No longer available | - | |
| No longer available | |||
| Sep 26, 2024 | Listed by Keller Williams South Bay | $1,249,000 | |
| Listed by Keller Williams South Bay | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017