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6651 Coronado
About This Property
The generous floor plan provides a strong foundation for everyday living, entertaining, multigenerational needs, or an investment strategy. Central heating and air conditioning add year-round comfort, while the long lot, two parking spaces, and outdoor area may provide flexibility for recreation, gardening, storage, or future improvements.
The property may also offer compelling ADU and development upside. A preliminary investment study identifies a potential path to retain the existing residence and explore a detached ADU plus a Junior ADU, subject to City approval. The study also examined a larger three-unit multifamily concept with estimated new-build rents of approximately $ 3,400- $ 3,650 per unit. That concept is not approved, does not constitute three ministerial ADUs, and requires independent City confirmation of zoning and feasibility. Buyers, investors, contractors, and multigenerational households are encouraged to investigate the possibilities and determine the highest and best use.
Enjoy convenient access to shopping, dining, public transportation, and major commuter routes, plus nearby Houghton Park with athletic fields, playgrounds, tennis and basketball courts, a skate park, recreation facilities, and community programs. With substantial renovation progress, room to personalize, a sizable lot, and possible income-producing expansion, this is the opportunity buyers wait for. Bring your contractor, designer, and vision-finish the home, create your ideal environment, and explore its long-term value potential. Property offered in its present condition. Buyer to independently verify square footage, lot size, permits, condition, zoning, ADU/JADU eligibility, development options, rents, costs, and approvals.
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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 |
|---|---|---|---|
| Oct 19, 2026 | Price Decreased |
$840,000
↓ $3K
(0.3%) | |
| Price Decreased | |||
| Oct 15, 2026 | Price Decreased |
$842,500
↓ $3K
(0.4%) | |
| Price Decreased | |||
| Oct 10, 2026 | Price Decreased |
$845,900
↓ $2K
(0.2%) | |
| Price Decreased | |||
| Oct 9, 2026 | Price Decreased |
$847,500
↓ $3K
(0.3%) | |
| Price Decreased | |||
| Sep 24, 2026 | Relisted | $850,000 | |
| Relisted | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017