940 Cornerstone Way
About This Property
Upon entering, you're welcomed into an airy formal living room where natural light fills the space. Just beyond, the cozy family room with its warming fireplace creates the perfect setting for relaxing or hosting guests. The kitchen is a chef's paradise, featuring a central island, quartz countertops, abundant cabinetry, stainless steel appliances, and a spacious pantry. For added versatility, the main level includes a bedroom and bathroom-ideal for guests or multi-generational living-along with a dedicated laundry room for ease.
Head upstairs to discover four more generous bedrooms, including a primary suite that is nothing short of a sanctuary. With its elegant crown molding and a private fireplace, this suite exudes warmth and luxury, making it the ideal retreat after a long day. The upper level also offers a large loft space, perfect as a media room, play area, or home office, providing flexibility for all of your lifestyle needs.
Step outside to an entertainer's dream backyard. The sparkling saltwater pool and spa offer a refreshing escape on warm California days, while the covered patio invites alfresco dining and year-round enjoyment. Whether hosting gatherings or seeking a tranquil escape, this outdoor space offers both privacy and charm.
Throughout the home, beautiful bamboo flooring graces the living areas and bedrooms, while the kitchen and bathrooms feature durable tile for low-maintenance elegance. And with no HOA fees, you have more freedom to make this home truly yours.
The location is unbeatable. You'll find yourself within walking distance of Stagecoach Park, complete with a playground, picnic area, and scenic walking paths. Nearby, you have easy access to shopping, dining, and schools, plus convenient proximity to the 71, 15, and 91 freeways. Surrounded by tree-lined streets and a stunning mountain backdrop, this neighborhood combines tranquility with convenience.
This home offers it all-space, style, and an unparalleled location. Don't miss the chance to make it yours. Schedule a tour today and experience the beauty and charm of this remarkable home in person!
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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 |
|---|---|---|---|
| Feb 28, 2025 | Sold | ||
| Sold | |||
| Jan 23, 2025 | In contract | - | |
| In contract | |||
| Nov 14, 2024 | Listed by Cochran Real Estate Professionals Inc | $975,000 | |
| Listed by Cochran Real Estate Professionals Inc | |||
| Aug 17, 2023 | No longer available | - | |
| No longer available | |||
| Jul 30, 2023 | In contract | - | |
| In contract | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017