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6718 Varna Avenue
About This Property
The home features a generous layout with 5 bedrooms and 2.5 bathrooms, offering excellent square footage and flexibility to reconfigure or flip. The true crown jewel is the expansive, flat lot stretching over 8,100 square feet. With this massive footprint, the property is primed for maximizing rental yield or resale value by building additional Accessory Dwelling Units (ADUs) under California's favorable development laws. Centrally located near local amenities and freeway access..
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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 |
|---|---|---|---|
| Oct 9, 2026 | Listed by Century 21 Masters | $765,000 | |
| Listed by Century 21 Masters | |||
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About South Valley
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017