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3311 Waverly Drive
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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 |
|---|---|---|---|
| Oct 6, 2021 | No longer available | - | |
| No longer available | |||
| Apr 9, 2021 | In contract | - | |
| In contract | |||
| Feb 1, 2021 | Relisted | $1,999,000 | |
| Relisted | |||
| Jan 30, 2021 | No longer available | - | |
| No longer available | |||
| Jan 11, 2021 | Listed | $1,999,000 | |
| Listed | |||
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**Attention builders/developers/flippers/history buffs and those looking add their touches to reimagine one of LA’s most unique properties** This is an ideal opportunity. Classic, 1920’s Los Feliz gated single story pool home with breathtaking, unobstructed front and back views and an infamous history. Sitting on a huge 31,000+ sq foot lot, this property has tremendous upside potential as the lot size is truly rare for the pristine location. Prime pocket north of the Rowena Reservoir. Featuring front views of the Silver Lake hills and Downtown Los Angeles, while the backend of the property shares views of Griffith Park, Glendale, and the majestic San Gabriel Mountains. An expansive living room with gas fireplace and Italian tile floors open to a formal dining room with a covered patio that overlooks the pool. Surrounded by lush greenery, including mature fruit trees and offering unparalleled privacy. Just minutes away from Griffith Park Observatory and trails, DTLA, Silver Lake, Los Feliz and all the trendy eateries/entertainment. Don’t miss it! AGENTS PLEASE SEE PRIVATE REMARKS The manager has listed the unit size as 1655 square feet.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017