827 Arbutus Avenue
About This Property
Tucked behind the main home is a detached 2-bedroom, 1-bath secondary home, perfect for rental income, extended family, or a guest house.
This is a great opportunity for an owner-occupant or investor looking to gain sweat equity while generating income from the second unit. Both homes have solar. Located just a short walk to One Mile Park and close to downtown, shopping, dining, and other local amenities, this property offers a rare combination of privacy, flexibility, and convenience. This just might be the one you have been waiting for.
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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 |
|---|---|---|---|
| Apr 6, 2026 | Sold | ||
| Sold | |||
| Feb 13, 2026 | In contract | - | |
| In contract | |||
| Jan 27, 2026 | Listed by eXp Realty of California Inc | $545,000 | |
| Listed by eXp Realty of California Inc | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017