$7,500,000
●
House -
Off Market
1316 Morningside Way
Venice, CA 90291
5 Beds
3 Baths,
2
Half Baths
7,034 Ft²
$8,219,321
RealtyHop Estimate
2.81%
Since May 1, 2023
CA-Los Angeles
Primary Model
About This Property
Spectacular, inspired Modern Farmhouse from GreveBuilt and Hamilton
Architects. Exceptional light-filled home for entertaining with
dramatic soaring two-story foyer and expansive living, dining, and
great rooms, all seamlessly framed by artful walls of sliding
glass. Masterwork kitchen with full Viking suite. Master suite
aerie with gracious volume and dramatic beamed ceiling. Three-story
glass-framed architectural jewel-box master staircase.
Fully-equipped 4K home theater/media room. Wine room. Billiard's
room. Basement white brick-style wall magically rolls away to
reveal gym/pilates studio or top-secret workspace for the latest
transformative start-up. Additional multiple office opportunities
for at-home productivity. Smart Home with installed Ipads.
Sparkling swimmers pool and spa. Separate guesthouse/office with
outdoor shower. Ample backyard for pets or play on a rare, nearly
11,000 square foot flat lot. BBQ bar and spacious decking for
entertaining under the sun and stars. Solar panels. A singular,
Ultimate Staycation resort-inspired Venice home, blending glamorous
indoor/outdoor living, comfort and unparalleled amenities.
Unit Size
7,034 Ft²
Days on Market
98 days
Land Size
0.25 acres
Price per sqft
$1,137
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
2019
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Cap Rate Calculator
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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: 3 months ago (CLAW #23231580)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Apr 19, 2023 | Sold | ||
| Sold | |||
| Jan 11, 2023 | Listed by Coldwell Banker Realty | $7,995,000 | |
| Listed by Coldwell Banker Realty | |||
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: Todd Baker, Coldwell Banker Realty
Last Updated: 3 months ago
Data Source: CRMLS, MLS# 23231580
Last Updated: 3 months ago
Data Source: CRMLS, MLS# 23231580
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