688 Cypress Avenue
About This Property
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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 |
|---|---|---|---|
| Jan 22, 2025 | Sold | ||
| Sold | |||
| Dec 12, 2024 | Listed by Keller Williams Realty | $1,399,000 | |
| Listed by Keller Williams Realty | |||
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TWO beautiful vacant units! Tucked away on a quiet little street in NW Pasadena awaits this absolutely lovely 3-bedroom, 2-bathroom Craftsman plus detached brand new 2-bedroom, 1-bathroom ADU. Both units are updated from head to toe with clean, tasteful finishes The main house has a sweet front porch and beautifully manicured front lawn that welcomes you in. Once inside you'll discover a fantastic and very comfortable layout. The bright and spacious kitchen features a center island and overlooks an open concept living room. Down the hall, the primary suite is a large retreat, complete with a separate sitting area, a spacious walk-in closet, and a chic ensuite bathroom. The detached and separately metered ADU is awesome in every way and provides unlimited potential for passive income or extended family! It's super private and features a large open living area, two comfortable bedrooms, and designer selected finishes throughout. All totally fenced in and surrounded by lush custom landscape and hardscape. Situated in prime Pasadena, the property is conveniently located near the Rose Bowl and offers easy access to the 210 freeway and the endless shopping and dining in Old Town Pasadena. This property offers the incredible combination of charm and practicality and investment opportunity in a classic Pasadena neighborhood.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017