714 Mercer 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 |
|---|---|---|---|
| Aug 15, 2025 | Sold | ||
| Sold | |||
| Jul 8, 2025 | In contract | - | |
| In contract | |||
| Jun 24, 2025 | Price Decreased |
$1,335,000
↓ $50K
(3.6%) | |
| Price Decreased | |||
| Apr 25, 2025 | Listed by BHHS California Properties | $1,385,000 | |
| Listed by BHHS California Properties | |||
| | |||
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Multi-Million Dollar epic views!This stunning, turnkey single-story home has been beautifully reimagined and offers seamless indoor-outdoor living. Bathed in natural light, the uplifting and blissful interior features three bedrooms and two baths, thoughtfully designed for comfort and delightful living. At the heart of the home lies a sensational chef's kitchen, centered around a striking island and effortlessly flowing into the living and dining areas, creating one expansive, open-concept space perfect for everyday living and entertaining. Two welcoming bedrooms complement a luxurious spa-like primary suite with a gorgeous wellness bathroom that opens directly to the backyard. A soothing jacuzzi invites you to soak in panoramic views of the iconic Topa Topa Mountains and a tranquil citrus orchard. Step outside to a beautifully appointed patio, ideal for al fresco dining and gatherings under the stars. You'll love the lush flower gardens, a fabulous putting green, a vibrant family orchard, and raised vegetable and herb beds. Enjoy a perfect Ojai evening in the cozy outdoor seating area and take in the legendary majestic 'Pink Moment.' A true retreat nestled in one of Southern California's most coveted communities--Welcome Home!
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| May 31, 2018 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017