3960 ALOMAR Drive
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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%.
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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.
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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 1, 2021 | In contract | - | |
| In contract | |||
| Mar 18, 2021 | Listed | $6,850,000 | |
| Listed | |||
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MAJOR REMODELING UNDERWAY: Majestically located on a knoll within the desirable Longridge Estates, Sherman Oaks best location, the Alomar Compound is situated on one of the largest lots in a tranquil and serene setting. The 2.3 acre compound with manicured gardens, rolling lawns, spectacular views, and extreme attention to privacy offers an unparalleled park-like experience. Behind the gated entrance and tall hedges lays an exceptionally well-built and designed California Ranch-style / Modern farm-like compound of buildings, complete with a long private driveway. Famed architect, BARBARA BESTOR, and her firm BESTOR ARCHITECTURE, have been commissioned by the current owners of the Alomar Compound to design and execute a studs-out remodel on the main residence, and finishing touches on the guest quarters, screening room/basement, and pool house. The property is being sold with plans, permits. A new owner can continue with the work currently ongoing to finish the property, or choose to work with another architect and/or contractor. TO BE SOLD UNFINISHED. The manager has listed the unit size as 8667 square feet.
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| Jul 15, 2020 | Sold | ||
| Sold | |||
| Jan 6, 2020 | Listed by Compass | $8,490,000 | |
| Listed by Compass | |||
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About South Valley
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017