706 Grand 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 |
|---|---|---|---|
| Jun 8, 2022 | No longer available | - | |
| No longer available | |||
| May 7, 2022 | In contract | - | |
| In contract | |||
| Apr 20, 2022 | Listed by RE/MAX Gold Coast REALTORS | $875,000 | |
| Listed by RE/MAX Gold Coast REALTORS | |||
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Your opportunity to live in downtown Ojai awaits! Just a short walk to all Ojai has to offer, this 2 bedroom 1 and 1/2 bath home is ready to enjoy. Full of character yet modern this home has pride of ownership from the moment you arrive and is move-in ready to enjoy. Features include hardwood floors, new paint inside and out, a beautiful new front door, new front, and rear decks, New front landscaping, and lighting, a New HVAC system, new insulation in the attic, a newer water heater, a Ring doorbell, A Nest thermostat, new electrical switches and plugs and so much more. The kitchen features a butcher block island with a gas cooktop, electric oven, more than ample storage, and is open to the dining area and living room. The primary bedroom has a walk-in closet and a private 1/2 bath. The updated common full bathroom is a delight with its barn door entry, tile shower/tub enclosure, and plenty of storage. Speaking of storage, this home has great storage throughout. Dual pane windows and wooden french doors to the side deck add to the list of features. Sit on your front porch and enjoy your coffee in the morning or relax on your rear deck around the included firepit and enjoy the mountain views. Truly a rare opportunity and won't last. The manager has listed the unit size as 1001 square feet.
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| Apr 28, 2020 | Sold | ||
| Sold | |||
| Apr 2, 2020 | Listed by LIV Sotheby's International Realty Ojai | $568,500 | |
| Listed by LIV Sotheby's International Realty Ojai | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017