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542 Altair Place
About This Property
Tucked behind lush landscaping and thoughtfully layered outdoor spaces, the home offers a rare sense of calm and separation, while remaining just moments from Abbot Kinney and the beach. This home, designed by beloved Venice architect Steven Shortridge, offers warm wood ceilings, natural light, and carefully composed interiors, creating an environment that feels both grounded and inspiring, while sound-insulated windows enhance the home's quiet, serene atmosphere.
The living spaces open seamlessly to multiple outdoor settings, transforming the property into a true indoor-outdoor sanctuary. Whether gathering around the fire pit, dining under the palms, or enjoying quiet mornings surrounded by greenery, the home is designed for both connection and retreat, with a tranquil water feature adding to the sense of escape.
Inside, craftsmanship and intention are evident throughout-from custom cabinetry to sculptural architectural elements that add depth and character without overwhelming the space. The result is a home that feels curated, comfortable, and quietly distinctive.
The flexible second bedroom is currently used as a creative studio and offers versatility as a workspace, music room, or guest bedroom, adapting easily to a variety of lifestyles.
The upstairs primary suite provides a peaceful escape, complete with abundant natural light, radiant-heated details, and a private balcony that extends the living experience outdoors.
Includes one-car gated carport with EV charging, underground utilities, and a whole-house water purification system. Ideally located just blocks from Abbot Kinney Boulevard and moments from the beach, canals, and the coastal lifestyle that define Venice living. Schedule your private appointment today.
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Apr 20, 2026 | Price Decreased |
$2,750,000
↓ $350K
(11.3%) | |
| Price Decreased | |||
| Dec 22, 2025 | Listed by BEACH REAL ESTATE GROUP | $3,100,000 | |
| Listed by BEACH REAL ESTATE GROUP | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017