1
Map
$2,600,000
●
House -
Off Market
2003 ALBERTA Avenue
Venice, CA 90291
5 Beds
3 Baths,
1
Half Bath
3,347 Ft²
$4,169,021
RealtyHop Estimate
57.32%
Since Sep 1, 2017
CA-Los Angeles
Primary Model
About This Property
Built in 2006 and designed by Stephen Vitalich, AIA, this Zen-like
modern architectural home is spacious and spectacular, while steps
from Venice Beach and Abbot Kinney. Tall ceilings and a plethora of
windows breathe life and natural light into the home, perfectly
complementing the natural materials used, including polished
concrete and bamboo flooring. Entertaining is a snap with a
multitude of options, from the media room with built-in projector,
screen, and surround sound to the outdoor deck surrounded by lush
greenery and complete with a fire pit and hot tub. Balconies on
each level let in the ocean breezes, while the rooftop deck with
panoramic ocean and mountain views remind you of the beauty of
Venice life. Inside, five bedrooms provide living space galore,
including the incredible master suite and four-piece master
bathroom. For techies, solar panels, pre-wiring for Savant,
Control4, and Sonos, and video intercom show the tech-savvy
features of the home.
Unit Size
3,347 Ft²
Days on Market
80 days
Land Size
0.07 acres
Price per sqft
$792
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
2006
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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 #17231416)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 3, 2017 | Sold | ||
| Sold | |||
| May 15, 2017 | Listed by Halton Pardee and Partners, In | $2,650,000 | |
| Listed by Halton Pardee and Partners, In | |||
Property Highlights
Garage
Air Conditioning
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: Kerry Ann Sullivan, Halton Pardee and Partners, In
Last Updated: 4 months ago
Data Source: CRMLS, MLS# 17231416
Last Updated: 4 months ago
Data Source: CRMLS, MLS# 17231416
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