$762,500
●
House -
Off Market
416 SHORT TRAIL Lane
Topanga, CA 90290
2 Beds
1 Bath
1,104 Ft²
$1,195,172
RealtyHop Estimate
49.58%
Since Apr 1, 2019
National-US
Primary Model
About This Property
Romantic Topanga Colonial Getaway! This charm-filled 1931 Topanga
Landmark, looks back to east Coast carriage houses, with stone
walls, arches, coved and beamed ceilings, and sweet treetop views.
A cascade of stone terraced gardens surrounds this striking
retreat, and is a gardeners paradise! The home has been lovingly
restored to its former glory, with redone baths, 2 kitchens, new
flooring, electrical, plumbing, and fresh paint, inside and out.
Currently set up as two units, this would make a perfect
pied-AfA -terre, with one owner's unit, and one rental unit,
it could also be a 2 br, single home, or 2 rentals. There is a
partially finished basement, with a laundry, under the house.
Adjacent lot is included in the sale. Located in the cool and lush
Fernwood neighborhood, it is just a short stroll to Topanga's
cafe's, shops and galleries, and a quick drive to the coast, and
the valley! Don't miss this! Motivated sellers!
Unit Size
1,104 Ft²
Days on Market
249 days
Land Size
0.20 acres
Price per sqft
$724
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1931
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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 #18361664)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Mar 12, 2019 | Sold | ||
| Sold | |||
| Jul 6, 2018 | Listed by Compass | $799,000 | |
| Listed by Compass | |||
Property Highlights
Fireplace
With View
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
Beds
Baths
ft²
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Listed On
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HOA + Taxes
About Topanga
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Listed by: Adrian Wright, Compass
Last Updated: 4 months ago
Data Source: CRMLS, MLS# 18361664
Last Updated: 4 months ago
Data Source: CRMLS, MLS# 18361664
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