$3,900,000
●
House -
Off Market
541 GRAND
Venice, CA 90291
3 Beds
3 Baths,
1
Half Bath
2,812 Ft²
$6,563,155
RealtyHop Estimate
54.43%
Since Jan 1, 2018
CA-Los Angeles
Primary Model
About This Property
Double Lot!! Once a four unit apartment building and an SFR, this
modern barn-style home was remodeled in 2010 and it takes some of
its cues from its previous life with modern additions of exposed
beams, high ceilings, lots of windows, wide plank floors, white
cladding and a hayloft window. The Grand House was published in CA
Home & Design Magazine and boasts beautiful oversized pendant light
fixtures, custom cabinetry, a large kitchen island, Viking & Sub
Zero appliances and a Nana Wall that blurs the lines between inside
and out. The outdoor area is fully equipped with built-in BBQ, Big
Green Egg and a beverage refrigerator. There is also an outdoor
shower to rinse off that beach sand! The master bedroom is
large and includes an en-suite bathroom w/ a stand-alone tub
and walk-in shower. The 2nd and 3rd bedrooms are generously sized
and they offer plenty of light. Located five blocks from the beach
& 2 blocks from shopping & dining on Abbot Kinney!
Unit Size
2,812 Ft²
Days on Market
98 days
Land Size
0.12 acres
Price per sqft
$1,511
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1924
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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 #17265350)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Dec 5, 2017 | Sold | ||
| Sold | |||
| Aug 29, 2017 | Listed by Advantage Real Estate | $4,250,000 | |
| Listed by Advantage Real Estate | |||
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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Status
Status
Type
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ft²
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Sold On
HOA + Taxes
About West Los Angeles
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Listed by: David Rosenfeld, Advantage Real Estate
Last Updated: 4 months ago
Data Source: CRMLS, MLS# 17265350
Last Updated: 4 months ago
Data Source: CRMLS, MLS# 17265350
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