$3,700,000
●
House -
Off Market
514 ALTAIR Place
Venice, CA 90291
4 Beds
3 Baths,
1
Half Bath
2,936 Ft²
$5,511,851
RealtyHop Estimate
46.98%
Since Jun 1, 2019
CA-Los Angeles
Primary Model
About This Property
Built in 1909, this original Craftsman home on a private, oversized
lot-and-a-half has been beautifully remodeled to offer warmth and
elegance just moments from Venice Beach and Abbot Kinney. The
inviting front porch leads into an open living room with a gas
fireplace; cherry wood library; welcoming den; and formal dining
room with original Pierre Madel Paris chandelier. The gourmet
chef's kitchen is complete with Le Cornue range, Subzero
refrigerator and large built-in bluestone island. The wet bar
includes wine refrigerators and skylights allow for plenty of
light. Upstairs holds a generous master suite with a large en-suite
bathroom and walk-in closet, two guest bedrooms, and beautiful
terrace looking onto a canopy of trees with the secluded
backyard/patio. Great for indoor-outdoor dining/entertaining,
outdoors boasts an original EarthStone pizza oven. Altair Place
exemplifies the balance of classic architecture and modern urban
living in one of L.A.'s most dynamic enclaves.
Unit Size
2,936 Ft²
Days on Market
53 days
Land Size
0.09 acres
Price per sqft
$1,277
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1909
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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 #19443088)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| May 10, 2019 | Sold | ||
| Sold | |||
| Mar 18, 2019 | Listed by The Agency | $3,750,000 | |
| Listed by The Agency | |||
Property Highlights
Garage
Parking Available
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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Status
Status
Type
Beds
Baths
ft²
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Listed On
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Sold On
HOA + Taxes
About West Los Angeles
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Listed by: Michael Grady, The Agency
Last Updated: 4 months ago
Data Source: CRMLS, MLS# 19443088
Last Updated: 4 months ago
Data Source: CRMLS, MLS# 19443088
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