$1,607,000
●
House -
Off Market
4038 MICHAEL Avenue
Los Angeles, CA 90066
2 Beds
2 Baths
1,375 Ft²
$2,181,914
RealtyHop Estimate
48.94%
Since Jul 1, 2018
CA-Los Angeles
Primary Model
About This Property
Ideally located unique home offers the perfect balance of
architectural style infused with Zen landscaping to enhance the
ultimate indoor-outdoor flow for living & entertaining. This home
has an open concept floor plan maximizing natural light from
soaring vaulted ceilings creating open living areas to ensure space
is brilliantly utilized. Walk through the private gate into the
garden edged drought friendly front yard & soak up the sunshine on
the porch bench. The guest bedroom features a built in desk area
w/serene view of the front garden. The Zen like backyard is a
surprising contrast to redesigned architecture of the post-war
home.Offers sublime outdoor area for dining, relaxing &
entertaining under the stars. The garage has been converted into a
creative space with bamboo hardwood floors, lots of storage,
kitchenette and bathroom (w/o permits). Nestled on a quiet street
yet walkable to restaurants, shops & entertainment PLUS bike to
Venice Beach or Marina Del Rey!
Unit Size
1,375 Ft²
Days on Market
64 days
Land Size
0.13 acres
Price per sqft
$1,065
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1947
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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 #18334952)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jun 22, 2018 | Sold | ||
| Sold | |||
| Apr 19, 2018 | Listed by Coldwell Banker Residential Br | $1,465,000 | |
| Listed by Coldwell Banker Residential Br | |||
Property Highlights
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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Status
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Type
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ft²
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HOA + Taxes
About West Los Angeles
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Listed by: Babette Ison, Coldwell Banker Residential Br
Last Updated: 4 months ago
Data Source: CRMLS, MLS# 18334952
Last Updated: 4 months ago
Data Source: CRMLS, MLS# 18334952
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