$1,800,000
●
House -
Off Market
1620 CRESCENT Place
Venice, CA 90291
2 Beds
1 Bath
664 Ft²
$2,824,535
RealtyHop Estimate
49.05%
Since Jun 1, 2018
CA-Los Angeles
Primary Model
About This Property
Welcome home to this quintessential Venetian cottage!Located on one
of Venice's best Walk Streets, this home exudes Californian
indoor/outdoor living at its finest.This darling 2 bedroom, 1
bathroom home features newly tiled floors and walls, new redwood
decks in both the front and back yards, and a new
concrete garage pad. Additional updates include fresh paint
on the interior and exterior, new lighting throughout, and new
landscaping. Both the front and back decks extend off of the house
to create an entertainer's paradise, complete with areas for
outdoor dining and an area perfect for a fire-pit. A few houses
away from Palms Blvd and A‚A½ block to Abbot Kinney Blvd, this home
is in the prime Venice location on the most coveted of Garden Walk
streets.
Unit Size
664 Ft²
Days on Market
55 days
Land Size
0.06 acres
Price per sqft
$2,854
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1923
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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 #18329404)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| May 29, 2018 | Sold | ||
| Sold | |||
| Apr 4, 2018 | Listed by Halton Pardee and Partners, In | $1,895,000 | |
| 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
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Status
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Type
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ft²
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Sold On
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HOA + Taxes
About West Los Angeles
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Listed by: Penny Muck, Halton Pardee and Partners, In
Last Updated: 4 months ago
Data Source: CRMLS, MLS# 18329404
Last Updated: 4 months ago
Data Source: CRMLS, MLS# 18329404
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