$2,925,000
●
House -
Off Market
221 5TH Avenue
Venice, CA 90291
3 Beds
2 Baths,
1
Half Bath
2,860 Ft²
$4,321,291
RealtyHop Estimate
46.98%
Since Jun 1, 2019
CA-Los Angeles
Primary Model
About This Property
Immaculate Venice true Cape Cod home steps to Rose Avenue.
Originally built in 2007 and recently updated to maximize natural
lighting with new desert scape and reimagined exterior bringing a
whole new look to this quality built home. Custom details include
gourmet chef's kitchen with viking appliances and marble
countertops, formal living room with french doors leading to front
porch, and separate den that can be closed off for optimal privacy.
Upstairs the master suite offers vaulted ceilings, french doors
with ocean breeze, 2 walk in closets, a claw foot tub, walk in
shower, and dual vanities with marble countertops. The landing is
drenched with sunlight and has a great nook for an office or play
area. The additional bedrooms are a great size with ample closet
space. Back yard has a patio suited for outdoor dining with an
oversized in ground spa as well as a two car garage with alley
access. This well cared for home offers the perfect location for
the ideal Venice lifestyle.
Unit Size
2,860 Ft²
Days on Market
70 days
Land Size
0.09 acres
Price per sqft
$1,028
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 #19438746)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| May 8, 2019 | Sold | ||
| Sold | |||
| Feb 27, 2019 | Listed by The Agency | $2,940,000 | |
| Listed by The Agency | |||
| May 10, 2018 | Sold | ||
| Sold | |||
| Jan 11, 2018 | Listed by Halton Pardee and Partners, In | $2,995,000 | |
| Listed by Halton Pardee and Partners, In | |||
| | |||
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One of a kind Venice Cape Cod steps from Rose Ave's restaurants & boutiques. No compromises are spared with the home offering loads of custom details includ a living area w/sea grass covered walls, large brick fireplace, & large French doors opening to the front porch. The living area seamlessly flows into the open kitchen & family room w/ natural ebony wood flooring throughout. The gourmet kitchen will delight chefs w/ Carrara marble counters, stainless appliances, custom cabinetry, a walk-in pantry w/ adjoining laundry room, & a large eat-at island. The master boasts soaring ceilings, 2 walk-in closets, an en-suite bath w/ claw foot tub, separate walk-in shower, Carrara marble counters w/ dual sinks, & French doors that invite ocean breezes. additonal bedrooms also offer soaring ceiling fully built out custom closets and each rooms is sundrenched. Perfect location for those dreaming of the Venice lifestyle, steps to the beach, Rose and Main Street shops and eateries.
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Property Highlights
Garage
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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About West Los Angeles
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Listed by: Alice Cannington, The Agency
Last Updated: 4 months ago
Data Source: CRMLS, MLS# 19438746
Last Updated: 4 months ago
Data Source: CRMLS, MLS# 19438746
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