$1,988,000
●
House -
Off Market
615 BROOKS Avenue
Venice, CA 90291
4 Beds
3 Baths
1,848 Ft²
$2,981,243
RealtyHop Estimate
57.32%
Since Sep 1, 2017
CA-Los Angeles
Primary Model
About This Property
Two beautifully renovated modern homes on a large lot, moments away
from the shops & restaurants of Abbot Kinney & Rose. Front
house offers a spacious floor plan w/abundant natural light, high
ceilings, hardwood floors, douglas fir wood trim throughout & an
inviting open kitchen w/poured concrete counters & stainless
appliances. Rounding out the picture are 3 comfortable BR + a den
(4th BR) off the open living-dining area. The house opens to a
wraparound deck & professionally landscaped yard - perfect for
year-round entertaining & relaxation. On the other side of the
property is a delightful 1 BR cottage w/ it's own private walkway,
eat-in kitchen, laundry room & outdoor deck. Garage is being
utilized for an office/extra storage area & works well as an art
studio. This legal duplex is currently tenant-occupied w/solid
rents. It's a great fit for an owner-user who wants rental
income, a family compound, live/work or bread-and-butter investment
w/ build & upside rent potential.
Unit Size
1,848 Ft²
Days on Market
28 days
Land Size
0.12 acres
Price per sqft
$1,025
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1907
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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 #17249946)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 9, 2017 | Sold | ||
| Sold | |||
| Jul 12, 2017 | Listed by Teles Properties, Inc. | $1,895,000 | |
| Listed by Teles Properties, Inc. | |||
Property Highlights
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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Status
Type
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ft²
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HOA + Taxes
About West Los Angeles
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Listed by: Jerry Jaffe, Teles Properties, Inc.
Last Updated: 4 months ago
Data Source: CRMLS, MLS# 17249946
Last Updated: 4 months ago
Data Source: CRMLS, MLS# 17249946
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