6323 & 6323B Friends Avenue
About This Property
The income unit is separated from the main house and yard by a privacy redwood fence. It includes one bedroom, living room, bathroom, kitchenette, and a large enclosed private patio. It has an interior loft area above, for additional living space or storage. The property has an additional garage. It has the exact sq ft. as the finished unit and has potential to be remodeled as additional income property.
The best feature of this home is its Location, Location, Location. Walk to Central Park to enjoy a Concert in the Park, or stroll to Uptown with its unique blend of restaraunts, cinema, breweries, and shopping. Come see this property, its a gem, and an easy commute to both LA, and the OC. Freeway close to all the best of SoCal.
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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 |
|---|---|---|---|
| Mar 17, 2025 | Sold | ||
| Sold | |||
| Feb 5, 2025 | Listed by Legends Realty | $929,000 | |
| Listed by Legends Realty | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017