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3531 Alana Drive
About This Property
You are greeted by the spectacular entrance with soaring ceiling, from its grand foyer adorned by terrazzo flooring, high ceilings and floor-to-ceiling windows that bring the outdoors within, offering an abundance of natural light while the lush landscape provides an extraordinary and private tranquil setting.
This custom home offers a flowing, spacious floor plan with entertaining spaces throughout the residence . Walking through its stepped down living room to dining, kitchen and family room you arrive at the rear deck and pool areas, perfect for entertaining.
Upstairs, the great room is set against a dramatic backdrop of breathtaking views. The outdoor terrace wrapped around the great room is the perfect spot to end the day in the glow of the setting Sun. The great room is connected to the spacious master suite overlooking the glistening pool and peaceful mountainside from the rear of the home. 4 other large, comfortable guest rooms are all sizable and well appointed within the split level.
Located minutes from some of the finest private schools in the City including Curtis, Mirman, Milken Community Middle School School and Berkeley Hall. Easy access to the 405 and 101 freeways provide a convenient commute to the Westside, UCLA and Santa Monica.
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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 7, 2020 | Sold | ||
| Sold | |||
| Jul 24, 2020 | Listed by West Shores Realty, Inc. | $2,150,000 | |
| Listed by West Shores Realty, Inc. | |||
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About South Valley
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017