7570 Simms Street
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 |
|---|---|---|---|
| May 8, 2025 | Sold | ||
| Sold | |||
| Apr 1, 2025 | In contract | - | |
| In contract | |||
| Mar 17, 2025 | Listed | $499,000 | |
| Listed | |||
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Great opportunity to own this home in the heart of Hollywood with NO HOA!. Featuring a full efficiency with a separate entrance! Enjoy a spacious fenced backyard, private master patio. The circle driveway provides plenty of parking with room for a boat or RV. The attached full efficiency is perfect for rental income, a guest suite, or a game/theater room. Occupied by great tenants, great for investors! Whether you're looking for a primary home or an investment opportunity, this Hollywood gem has it all! Schedule a private tour today! Tenant Occupied lease expires March 19, 2026. SHOWINGS BY APPT ONLY- DO NOT DISTURB TENANTS
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| Apr 1, 2022 | Sold | ||
| Sold | |||
| Jan 24, 2022 | Listed by Coldwell Banker Realty | $410,000 | |
| Listed by Coldwell Banker Realty | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017