20505 Acre Street
About This Property
Inside, updated flooring, new doors, and fresh interior and exterior paint create a bright, airy interior. The great room layout features vaulted ceilings with crown molding and a gas/wood-burning fireplace in the living room. Custom wood blinds, recessed lighting, and ceiling fans add to the ambiance. The kitchen boasts newer cabinets, granite countertops, a tile backsplash, new stainless steel appliances, and copper plumbing.
Energy efficiency and comfort are ensured by double-pane vinyl windows, recently serviced central air conditioning, a Nest Thermostat and a well-maintained furnace. Outside, the entertainer's backyard offers a heated saltwater pool with a new state-of-the-art heater and filter, surrounded by tropical landscaping. A large patio BBQ area, 10-foot privacy fencing, and a finished 2-car garage enhance the outdoor space.
The garden features mature fruit trees, avocado, lemon, orange, mango, and passion fruit, alongside berry bushes and edible hibiscus flowers. Centrally located between Woodland Hills and Porter Ranch, the property provides quick access to Topanga Mall, Northridge Mall, and Porter Ranch shopping centers. It's a short 25-minute drive to Burbank Airport and 40 minutes to Malibu beaches. Close proximity to prestigious private schools like Sierra Canyon and Chaminade adds to its appeal.
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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 |
|---|---|---|---|
| Mar 24, 2025 | Sold | ||
| Sold | |||
| Dec 10, 2024 | In contract | - | |
| In contract | |||
| Oct 3, 2024 | Listed by Coldwell Banker Realty | $1,059,000 | |
| Listed by Coldwell Banker Realty | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017