617 Paseo De Los Reyes
About This Property
Among the abundant custom and designer details are Quartzite, Carerra and Calcutta finishes, beautiful 8" wire-brushed French white oak wood flooring, Moroccan and custom glass mosaic features in baths, and lovely accent walls throughout. The bright and open chef's kitchen features Thermador appliances, tower refrigerator & freezer, two ovens, pull-out shelves and a sleek Quartzite island. The kitchen flows to a large yet cozy living area with a stunning hemlock wood cathedral/tray ceiling, remote-controlled fireplace, and Nano pocket doors that open to a wrap-around patio, perfect for entertaining. Set on a rare 9,400 sq ft street-to-alley lot, this home is pre-plumbed for A/C, has direct access to a 2-car garage with epoxy floors, and even has room to build a 2nd garage (verify with city). With spectacular views of DTLA and the Hollywood sign from the front patio and ocean views from rear patio, this exceptional home provides the perfect space for everything from family living to large scale entertaining. Possibility to build 2nd garage off alley.
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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%.
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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 |
|---|---|---|---|
| Dec 3, 2019 | Sold | ||
| Sold | |||
| Oct 28, 2019 | No longer available | - | |
| No longer available | |||
| Sep 24, 2019 | Listed by Beach City Brokers | $2,399,000 | |
| Listed by Beach City Brokers | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017