$1,855,000
●
House -
Off Market
1055 GARFIELD Avenue
Venice, CA 90291
4 Beds
2 Baths
1,746 Ft²
$2,664,261
RealtyHop Estimate
48.84%
Since Aug 1, 2018
CA-Los Angeles
Primary Model
About This Property
Excellent development opportunity situated West of Lincoln Blvd, in
the desirable Presidents Row neighborhood of Venice. Incredible
upside potential to either renovate or develop this LAR2 zoned
home, which sits a very rare and hard to find 7,477 sqft lot.
Current property is a 4 bed/ 2bath single family home recently
converted from a duplex. There is a long driveway leading to the
garage/studio in back of the property and spacious backyard area.
Located on a quiet palm-lined street, near the highly coveted Coeur
d'Alene School. Close to shops and restaurants on Abbot Kinney &
Lincoln Blvd as well as a short bike ride to the beach and Marina.
Don't miss out on this tremendous investment opportunity in one of
the best beachside communities.
Unit Size
1,746 Ft²
Days on Market
259 days
Land Size
0.17 acres
Price per sqft
$1,025
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1948
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Cap Rate
100% Occupancy
N/A (extreme outlier) 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.
Last updated: 4 months ago (CLAW #17279178)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 13, 2018 | No longer available | - | |
| No longer available | |||
| Jul 2, 2018 | Sold | ||
| Sold | |||
| May 15, 2018 | Listed | $1,790,000 | |
| Listed | |||
| | |||
|
Excellent development opportunity situated West of Lincoln Blvd, in the desirable Presidents Row neighborhood of Venice. Incredible upside potential to either renovate or develop this LAR2 zoned home, which sits a very rare and hard to find 7,477 sqft lot. Current property is a 4 bed/ 2bath single family home recently converted from a duplex. There is a long driveway leading to the garage/studio in back of the property and spacious backyard area. Located on a quiet palm-lined street, near the highly coveted Coeur d'Alene School. Close to shops and restaurants on Abbot Kinney & Lincoln Blvd as well as a short bike ride to the beach and Marina. Don't miss out on this tremendous investment opportunity in one of the best beachside communities. The manager has listed the unit size as 1746 square feet.
| |||
| Oct 16, 2017 | Listed by Halton Pardee and Partners, In | $1,790,000 | |
| Listed by Halton Pardee and Partners, In | |||
Property Highlights
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
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Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About West Los Angeles
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Listed by: Jonathan Pearson, Halton Pardee and Partners, In
Last Updated: 4 months ago
Data Source: CRMLS, MLS# 17279178
Last Updated: 4 months ago
Data Source: CRMLS, MLS# 17279178
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