5950 AVENIDA CHAMNEZ
About This Property
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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 |
|---|---|---|---|
| Mar 5, 2025 | Sold | ||
| Sold | |||
| Feb 20, 2025 | In contract | - | |
| In contract | |||
| Feb 20, 2025 | Price Decreased |
$7,980,000
↓ $500K
(5.9%) | |
| Price Decreased | |||
| Nov 12, 2024 | Listed by Strata Property Solutions Inc. | $8,480,000 | |
| Listed by Strata Property Solutions Inc. | |||
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Notable and Award-Winning Mid-Century Masterpiece! Legendary San Diego mid-century architect Loch Crane, an understudy of Frank Lloyd Wright, selected this strategic apex view lot on Avenida Chamnez to construct his personal residence and take advantage of the exhilarating wraparound panorama. Implementing Wright's trademark Hexagonal forms, this property uses masterful architectural intrigue and irreplicable lot position to enhance the unobstructed and expansive views of the Pacific Ocean and beyond. Over 4100 sqft of curated wonder features 4 unique bedrooms and 4.5 luxurious bathrooms. Resort influenced pool suite offers further versatility, stunning ocean views and private patio. The vanishing edge pool and spa design plays along with the home's geometry while the detached Tea House provides yet another area to peacefully sit and enjoy the lush Zen garden and soothing waterfall below. Control 5 Smart Home and Lutron equipped automation. The re-build carefully adhered to Loch Cranes original design in order to preserve historical designation potential.
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| Sep 28, 2022 | No longer available | - | |
| No longer available | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017