8433 Melvin Avenue
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 |
|---|---|---|---|
| Dec 29, 2025 | Sold | ||
| Sold | |||
| Nov 16, 2025 | In contract | - | |
| In contract | |||
| Nov 8, 2025 | Price Decreased |
$1,640,000
↓ $355K
(17.8%) | |
| Price Decreased | |||
| Oct 8, 2025 | Listed by Real Brokerage Technologies | $1,995,000 | |
| Listed by Real Brokerage Technologies | |||
| Aug 11, 2025 | Listed | $1,995,000 | |
| Listed | |||
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A Rare Northridge Gem on a Full Gated Acre! Welcome to 8433 Melvin Ave a truly unique opportunity to own a sprawling, gated compound in the heart of Northridge. Situated on an expansive 1-acre lot, this versatile property offers incredible potential for multi-generational living, rental income, or your own private retreat.Inside the main home, you'll find spacious living areas including a bonus room with a wet bar, a pool/exercise room, and private-access storage that can easily function as a second family room or creative studio. Step outside to discover a detached guest house with its own entrance, perfect for extended family, guests, or as a high-demand rental unit.The lush grounds are adorned with fruit trees, rose bushes, and plenty of room to garden, entertain, expand, or simply unwind in total privacy.With a little TLC, this property can become your ultimate dream compound. Whether you're seeking a creative haven, a multi-gen solution, or a place to grow the possibilities are endless.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017