24162 Lance Place
About This Property
Upstairs, the primary suite offers two large closets and a primary bath with double sinks and a tub. Three additional bedrooms are located upstairs; one has an en-suite bath, and two others share a connected bathroom.
All rooms on the lower level enjoy views of the lush, landscaped yard, which includes an outdoor kitchen and patio, perfect for entertaining in the expansive grassy area. The home also features a three-car garage with ample storage. 24 hour Security patrol is included ass. dues. Also there is a three car garage with plenty of storage.
Conveniently located near shopping Westfield Shopping Mall, the Village in Calabasas Commons, the freeway, and within a "highly desirable school district", this home offers both luxury and practicality.
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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 29, 2025 | Price Increased |
$1,728,000
↑ $88K
(5.4%) | |
| Price Increased | |||
| Mar 28, 2025 | Sold | ||
| Sold | |||
| Dec 19, 2024 | No longer available | - | |
| No longer available | |||
| Nov 17, 2024 | Price Decreased |
$1,738,000
↓ $60K
(3.3%) | |
| Price Decreased | |||
| Oct 9, 2024 | Listed by Coldwell Banker Realty | $1,798,000 | |
| Listed by Coldwell Banker Realty | |||
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About South Valley
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017