877 San Simeon Drive
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 |
|---|---|---|---|
| Sep 24, 2025 | In contract | - | |
| In contract | |||
| Sep 10, 2025 | Listed | $850,000 | |
| Listed | |||
| | |||
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This beautifully renovated 4-bedroom, 2-bathroom home is perfectly situated in a vibrant neighborhood of Salinas, offering both comfort and convenience. Step inside to discover a bright and airy living space featuring contemporary finishes and ample room for entertaining. The heart of the home showcases a sleek kitchen with quartz counters, stainless steel appliances, and a spacious pantry. The open-concept floor plan makes everyday living and hosting a breeze. The private primary suite is a standout, complete with French doors that open directly to the backyard retreat. Outside, you'll find an expansive space with low-maintenance artificial turf and plenty of room to host your gatherings. Located just moments from local parks, shopping, and schools, this home offers an ideal blend of suburban serenity and urban accessibility. Don't miss your chance to experience all that 877 San Simeon Drive has to offer schedule a tour today!
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| Nov 11, 2021 | Sold | ||
| Sold | |||
| Sep 30, 2021 | Listed by Sotheby's International Realty | $738,000 | |
| Listed by Sotheby's International Realty | |||
| Jan 10, 2017 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017