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9240 Slater Terrace
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 |
|---|---|---|---|
| Mar 3, 2026 | Sold | ||
| Sold | |||
| Jan 29, 2026 | In contract | - | |
| In contract | |||
| Nov 18, 2025 | Price Decreased |
$849,000
↓ $51K
(5.7%) | |
| Price Decreased | |||
| Oct 24, 2025 | Listed by Keller Williams Westlake Village | $899,999 | |
| Listed by Keller Williams Westlake Village | |||
| Oct 4, 2025 | Listed | $958,000 | |
| Listed | |||
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This neighborhood is a well-kept secret, offering a lifestyle unique to Southern California. Enjoy a peaceful, rural setting nestled in the hills, known for its quiet surroundings, abundant trees, and sense of community. The area borders the Chatsworth Nature Preserve, providing easy access to breathtaking mountain views, local wildlife, and endless opportunities for hiking and recreation. You're secluded enough for privacy, yet conveniently located near the 101 and 118 Freeways and just minutes from major urban centers like Warner Center.A truly unique property in the tranquil, semi-rural enclave of Chatsworth Lake Manor. This exceptional offering is a perfect match for a family seeking a peaceful retreat, a savvy investor, or an ideal base for a home-based contracting business. Experience the serene feel of country living with unparalleled access to all the amenities of the San Fernando Valley. Home has newer roof, windows and RV access. Home has been renovated. Upgraded electrical pannels.Versatility, Value, and Expansion PotentialSituated on a large lot, this property offers incredible utility and room to grow.The expansive lot features a paved driveway, providing ample parking space for multiple vehicles or work trucks--a priceless asset for a small business owner. A huge basement offers a generous amount of dedicated storage, a feature difficult to find in this area. The home boasts newer flooring and presents an exciting possibility for an Attached or Detached Accessory Dwelling Unit (ADU). Capitalize on the potential for rental income, multi-generational living, or an on-site office/workshop.Essential Utility: Property is on septic tanks, common for this unique, semi-rural setting.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017