1345 RESERVE DRIVE
About This Property
Pelican Pointe is Venice's Premier community offering resort style amenities including Clubhouse with bar/grill, card room/library, and banquet facilities. Heated pool with lap lanes for swimming, fitness center, tennis courts and pickle ball, tons of sidewalks for enjoying the weather throughout the community, and 27 holes of golf with Pro Shop. Tons of social opportunities for non golfers, including trivia night, special occasion activities, and huge Women's association. Golf is NOT mandatory. All of this Centrally located minutes to Venice Beach, Venice Downtown, shopping, theatres, restaurants, highways, airports, and so much more. Venice is the quaint gem you have been looking for on the West Coast.
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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 |
|---|---|---|---|
| Nov 3, 2025 | Sold | ||
| Sold | |||
| Sep 17, 2025 | In contract | - | |
| In contract | |||
| Jun 14, 2025 | Listed by COLDWELL BANKER REALTY | $550,000 | |
| Listed by COLDWELL BANKER REALTY | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017