624 N Arden Drive
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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 24, 2026 | Listed by Carolwood Estates | $19,500,000 | |
| Listed by Carolwood Estates | |||
| Oct 3, 2025 | Listed | $19,500,000 | |
| Listed | |||
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Casa Veleta is a reimagined Spanish jewel created by the renowned luxury home design and build partnership of Aeries Development and AMG. Fresh from a total renovation completed in 2025, classic 1920's details embrace modern day conveniences. Behind a high hedge and past a wrought iron gate, a glamorous fountain and outdoor fireplace invoke historic Montecito. The courtyard sets the stage for a sensory experience beyond. Bathed in light, the entry stair hall and all interior walls are clad in hand-troweled plaster masterfully crafted by artisans. A grand living room with vaulted ceilings is ideal for large-scale entertaining. Elegant formal dining and wine rooms open to an outdoor kitchen and dining area. A gourmet kitchen with oversized marble island and banquette seating opens to a vast terrace and pool beyond. The primary suite is a world apart, with large marble bath, retail quality closet, and a wall of French doors opening to a private terrace with fire feature. Three additional bedrooms (with walk-in closets and en-suite bathrooms) and a common terrace space complete the upper floor. Additional features include a private office (or generous fifth bedroom) with fireplace and full en-suite bathroom, a complete chefs/catering kitchen, a gym/wellness room with sauna that leads directly out to the pool and hot tub, and a gorgeous separate guest villa/ADU. This is an exceptional opportunity to own a piece of living art on the prized 600 block of Arden. Surrounded by important estates, this is hands-down one of the finest locations in Beverly Hills. Casa Veleta is a rare gem for the most discerning buyers.
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| Jul 15, 2022 | No longer available | - | |
| No longer available | |||
| Jun 30, 2022 | In contract | - | |
| In contract | |||
| Jun 10, 2022 | No longer available | - | |
| No longer available | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017