7642 Wish Avenue
About This Property
Inside, you'll find timeless hardwood floors, dual-pane windows, central HVAC, and the convenience of an indoor laundry room. A spacious enclosed rear patio extends the living area, providing the perfect setting for entertaining, hobbies, or simply relaxing. The generous backyard is a true highlight featuring 2 car detached garage, a mature, fruit-bearing lemon tree, ample space for outdoor gatherings, and even room for a future pool. A detached two-car garage offers additional storage and is ready to be transformed into a 750 sq. ft. ADU with a quick re-approval of the prior plans. All this, with easy access to the 101 and 405 freeways, top shopping destinations, dining, schools, and public transit. Don't miss this unique opportunity to own a home with endless potential in one of the Valley's most sought-after neighborhoods!
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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 |
|---|---|---|---|
| Oct 20, 2025 | Sold | ||
| Sold | |||
| Sep 23, 2025 | In contract | - | |
| In contract | |||
| Aug 27, 2025 | Listed by Oak Brook Realty | $749,999 | |
| Listed by Oak Brook Realty | |||
| Aug 8, 2025 | Price Decreased |
$875,000
↓ $60K
(6.4%) | |
| Price Decreased | |||
| Jul 22, 2025 | Listed | $935,000 | |
| Listed | |||
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Located on a charming tree-lined street in the highly sought-after Lake Balboa neighborhood, this 3-bedroom, 1-bath home offers an incredible opportunity with plans for a 2-bedroom, 2-bath ADU. Inside, you'll find original hardwood floors, dual-pane windows, central HVAC, and an indoor laundry room. A large, enclosed rear patio adds extra versatile space to spread out and entertain. The spacious backyard features a detached two-car garage, ready for conversion into a 750 sq ft ADU. Ideal for multi-generational living or rental income. There’s also a mature lemon tree, plenty of room to add a pool, and endless possibilities for outdoor entertaining. Conveniently located near the 101 & 405 freeways, with easy access to dining, shopping, schools, parks, and public transit. Don’t miss this rare opportunity to customize and add value in one of the Valley’s most desirable communities!
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About South Valley
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017