1062 Beverly Way
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 17, 2026 | Listed by Keller Williams Realty Los Feliz | $2,150,000 | |
| Listed by Keller Williams Realty Los Feliz | |||
| Apr 10, 2025 | Sold | ||
| Sold | |||
| Mar 16, 2025 | Listed by COMPASS | $699,000 | |
| Listed by COMPASS | |||
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Located east of Lake Ave, this desirable corner parcel offers approximately 7,920 SF of land per the LA County Assessor. This lot is situated close to the Altadena Golf Course and Eliot Arts Magnet School at the southwest corner of Beverly Way and Maiden Lane. The dimensions of the lot are approximately 60 feet wide by 132 feet deep. The property is located one block east of Lake Avenue, west of Mar Vista, south of Mariposa, and north of Mendocino. The lot is zoned LCR 175 – low density residential. The prior home was destroyed by the Eaton Fire, it was a 3 bedroom-3 bathroom SFR with 2,074 SF of living space, a California Basement, and two-car detached garage. Prior to the fire the home had a sewer connection, and water, electric, and gas stubbed to the site. Interested buyers are advised to independently investigate potential future uses and parcel remediation processes with the County of Los Angeles and applicable government agencies. For safety purposes, please do not walk on the property, drive-by only. Fairly priced at approximately $88 per SF of land. Property shall be sold "as-is," in its present physical condition, buyer shall be responsible for any and all decontamination applications and procedures.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017