$1,985,000
●
House -
Off Market
1104 PALMS Boulevard
Venice, CA 90291
3 Beds
2 Baths
2,988 Ft²
$3,119,697
RealtyHop Estimate
45.44%
Since Jan 1, 2020
CA-Los Angeles
Primary Model
About This Property
A rare gem. Serene three-bedroom home plus amazing detached studio.
The perfect live/work environment - set on a generous 6,063 SF lot.
Published, and featured on the annual Venice Garden and
Architectural Tour, every aspect has been hand crafted by local
artisans. From the black woven bamboo entrance fence to monolithic
blue glass water feature, giant wind sculpture balanced atop the
studio, and luminescent finishes of limestone Venetian plaster and
polished concrete. The home is a work of art offering an open
and free flowing design encompassing kitchen, dining area, elevated
meditation space and living room - that opens out to a spacious
patio and wooden deck. Behind is an approx. 1,250 SF studio with
vaulted beam ceiling designed by renowned architectural firm W3
Architects. It's tall glass doors slide open to a grassy yard
perfect for entertaining or relax in the sunken hot tub below a row
of giant bamboo. Once you close the gates you're in a completely
different world!
Unit Size
2,988 Ft²
Days on Market
162 days
Land Size
-
Price per sqft
$718
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1965
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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 #19486200)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Dec 20, 2019 | Sold | ||
| Sold | |||
| Oct 4, 2019 | No longer available | - | |
| No longer available | |||
| Sep 5, 2019 | Price Decreased |
$2,245,000
↓ $50K
(2.2%) | |
| Price Decreased | |||
| Aug 12, 2019 | Price Increased |
$2,295,000
↑ $150K
(7%) | |
| Price Increased | |||
| Jul 11, 2019 | Listed by Westside Estate Agency-Malibu | $2,145,000 | |
| Listed by Westside Estate Agency-Malibu | |||
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
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About West Los Angeles
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Listed by: Mark S. Gruskin, Westside Estate Agency-Malibu
Last Updated: 4 months ago
Data Source: CRMLS, MLS# 19486200
Last Updated: 4 months ago
Data Source: CRMLS, MLS# 19486200
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