$2,750,000
●
House -
Off Market
469 SHERMAN AVE
Venice, CA 90291
3 Beds
3 Baths
1,750 Ft²
$4,237,232
RealtyHop Estimate
48.94%
Since Jul 1, 2018
CA-Los Angeles
Primary Model
About This Property
Ideally situated w/rare long views down 2 canals, this bright &
spacious Venice Canal home is one-of-a-kind. Wake up to Snowy
Egrets & relax to gorgeous sunsets from vantage points throughout
this gem of a home.The living room w/vaulted wood-beamed ceilings,
skylight, & large windows offers gorgeous canal views, as do the
dining area & kitchen, which is complete w/stainless steel
appliances & butcher-block countertops.Upstairs, the spacious
master suite serves as a private sanctuary w/water views, a sitting
area, high ceilings, & a substantial canal-front balcony. The 2nd
en-suite BD boasts tall ceilings, ample closet space, & a balcony
w/treetop views.The 3rd BD opens to an outdoor side yard.
Entertaining is a delight w/an expansive waterside deck providing
the ultimate indoor/outdoor living experience. Fun fact-the house
has a rich history as the "Baywatch" home of lifeguard Mitch
Buchanan & includes a fully permitted dock.Walking distance to
Beach, Abbot Kinney & Washington Blvd!
Unit Size
1,750 Ft²
Days on Market
51 days
Land Size
0.06 acres
Price per sqft
$1,626
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1980
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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 #18332182)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jun 1, 2018 | Sold | ||
| Sold | |||
| Apr 11, 2018 | Listed by Halton Pardee and Partners, In | $2,845,000 | |
| Listed by Halton Pardee and Partners, In | |||
Property Highlights
Garage
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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Type
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Baths
ft²
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HOA + Taxes
About West Los Angeles
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Listed by: Penny Muck, Halton Pardee and Partners, In
Last Updated: 4 months ago
Data Source: CRMLS, MLS# 18332182
Last Updated: 4 months ago
Data Source: CRMLS, MLS# 18332182
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