735 39 J Ave
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%.
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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 |
|---|---|---|---|
| Apr 6, 2025 | Listed | $5,590,000 | |
| Listed | |||
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Exclusive 2-on-1 Opportunity in the Heart of Coronado Village! Located on one of the most coveted streets in Coronado Village, 735 and 739 J Avenue present an exceptional investment opportunity. Set on a generous 7,000-square-foot lot, these two renovated homes are fully leased and offer impressive income potential. 735 J Avenue: Rented at $20,000/month through June. This beautifully remodeled front house features a spacious 4-bedroom, 3.5-bathroom floor plan. Upgrades include brand-new hardwood flooring, windows, doors, fresh paint, a new roof, and a stunning new pool and jacuzzi—ideal for both relaxation and entertainment. 739 J Avenue: Currently rented at $6,000/month through June 2026. The charming back house has been fully renovated, offering 3 bedrooms and 3 bathrooms. Recent updates include fresh paint, a modernized kitchen, and a newly updated bathroom, blending both comfort and style. With its prime location, strong rental income potential, and a range of high-end upgrades, this property offers a rare chance to own two homes in one of Southern California's most desirable communities. See supplement. Both homes are currently leased. Do not disturb tenants. Call agent for lease prices and terms of leases. 735 J Ave upgrades include - Full plans from Christian Rice Architects ready for permits. All new acrylic exterior stucco, new pool and exterior landscaping, new fence, new pella windows, new Pinkie's steel doors, 2.5 bathrooms remodeled, new AC, new flooring throughout, new custom stair railing and staircase, new exterior doors, new trim and baseboards, new interior and exterior lighting, new solar, copper roof on bay window and walk up attic with storage. 739 J Ave- Christian Rice plans ready for permits, new paint on the exterior and interior, new windows in dining room and living room, new interior doors, bathroom remodel, new landscape and hardscape, new ac and heat, new roof, new appliances.
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| Oct 13, 2021 | Sold | ||
| Sold | |||
| Mar 20, 2021 | Listed by Compass | $3,399,000 | |
| Listed by Compass | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017