7441 Irwingrove Drive
About This Property
Three bedrooms are located in the original portion of the home, while an additional upstairs primary suite was added providing extra privacy and an en suite bathroom with separate tub and shower and a vanity area. Ceiling fans are featured in all bedrooms as well as closet organizers, while ductless mini-split air conditioning and heat serves the main living, dining and kitchen areas as well as the family room with sliding glass doors opening to the back patio.
Outside, a long driveway provides RV access and leads to a detached two-car garage with ample storage cabinets. A vinyl covered patio offers additional space for outdoor enjoyment, including mature, fruit-bearing trees-an avocado, orange, lemon, pomegranate, mango and papaya-add to the backyard setting. A large storage room with its own entrance has been added behind the garage, could be converted along with an additional outdoor gated storage.
Conveniently located near shopping, restaurants, parks and golf, this well-established Downey home offers generous living space, abundant storage and a versatile floor plan with plenty of possibilities.
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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 |
|---|---|---|---|
| Sep 30, 2026 | In contract | - | |
| In contract | |||
| Sep 19, 2026 | Price Decreased |
$1,050,000
↓ $100K
(8.7%) | |
| Price Decreased | |||
| Aug 23, 2026 | Price Decreased |
$1,150,000
↓ $25K
(2.1%) | |
| Price Decreased | |||
| Aug 20, 2026 | Listed by Hanu Reddy Realty | $1,175,000 | |
| Listed by Hanu Reddy Realty | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017