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1748 Correa Way
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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%.
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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.
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Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
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Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 23, 2026 | Price Decreased |
$15,900,000
↓ $1M
(5.9%) | |
| Price Decreased | |||
| Jul 7, 2026 | Listed by Christie's International Real Estate SoCal | $16,900,000 | |
| Listed by Christie's International Real Estate SoCal | |||
| Apr 22, 2025 | Listed | $13,850,000 | |
| Listed | |||
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Hidden on nearly an acre, this ultra-private Lower Mandeville Canyon estate, located at the end of a cul-de-sac, offers a rare retreat of scale, timeless design, and exceptional value, surrounded by homes valued at up to forty million dollars. Located at the end of a small, quiet cul-de-sac just two streets up from Sunset Boulevard, it provides the ultimate in privacy and security. This custom 6-bedroom, 9-bathroom residence unfolds with high ceilings, city vista views, and a transitional organic modern design that nods to the elegance of Paul Revere Williams. Interior highlights include wide-plank white oak floors, a dual-island chef's kitchen with European oak cabinetry and marble countertops, and thoughtfully designed living spaces that offer effortless indoor-outdoor flow to the expansive, manicured grounds. Two primary suites, each situated on its own level, provide the ultimate in privacy and comfort, featuring luxurious spa-like bathrooms, floating vanities, soaking tubs, and designer dressing rooms. French doors throughout the home open to limestone terraces, a sprawling flat lawn, a saltwater pool, and a Hollywood Regency-style cabana designed for the pinnacle of California living and entertaining. Additional highlights include a 13-car motor court, a rose garden, a private courtyard, and thoughtfully layered landscaping that creates the feel of a true private compound. The combination of architectural integrity, estate-scale land, and an exceptional location, close to the finest dining, shopping, schools, and more, offers unmatched value at this price point. This is a true legacy home with enduring appeal in one of Los Angeles' most sought-after neighborhoods.
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About West Los Angeles
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017