7766 Otto Street
About This Property
An attractively updated and maintained home whose interior reflects classic yet modern styling that is move-in ready. Warm interior with 2 gas fireplaces perfect for those winter holidays and family gatherings. Recent enhancements include: new exterior paint, double-pane vinyl E-efficiency windows and newly painted kitchen/cabinets. A long driveway leads to a rear detached 2-car garage (with shed) that provides plenty of parking for cars or toys. A mature secluded backyard includes a patio with retractable awning, lawn, fruit trees and vegetable garden suitable for BBQ, entertainment, children, future home expansion or garage conversion to ADU for income opportunities. Located on a one-block long street that offers a tranquil setting in North Downey. Located within 0.4 - 0.7mi walking distance of nearby elementary and middle schools.
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Cap Rate Calculator
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 |
|---|---|---|---|
| Jul 10, 2025 | Sold | ||
| Sold | |||
| Jun 15, 2025 | Price Increased |
$1,000,000
↑ $31K
(3.2%) | |
| Price Increased | |||
| Jun 12, 2025 | In contract | - | |
| In contract | |||
| May 28, 2025 | Listed by Team Spirit Realty, Inc. | $969,000 | |
| Listed by Team Spirit Realty, Inc. | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017