705 Elm
About This Property
Located near Downtown Tehachapi, this 3-bedroom, 2-bath home features new flooring throughout, a remodeled kitchen with two ovens, and tastefully updated bathrooms that give the home a clean, modern feel.
Two separate living rooms, each with its own fireplace, offer the space and flexibility you want - whether you're hosting or just spreading out.
The attached garage adds convenience, while the landscaped backyard is set up for year-round enjoyment and includes two storage sheds for extra storage or projects.
A manual transfer switch makes it easy to connect a portable generator when needed.
All less than a mile from Philip Marx Central Park and close to local dining, shopping, and everyday essentials.
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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 |
|---|---|---|---|
| Jun 9, 2026 | Sold | ||
| Sold | |||
| May 12, 2026 | In contract | - | |
| In contract | |||
| May 4, 2026 | Listed by Watson Realty | $419,000 | |
| Listed by Watson Realty | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017