713 N CRESCENT Drive
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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.
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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 |
|---|---|---|---|
| Oct 6, 2021 | No longer available | - | |
| No longer available | |||
| Mar 17, 2021 | In contract | - | |
| In contract | |||
| Feb 28, 2021 | Price Decreased |
$12,900,000
↓ $800K
(5.8%) | |
| Price Decreased | |||
| Jan 22, 2021 | Listed | $13,700,000 | |
| Listed | |||
| | |||
|
Large sprawling lot located on the coveted 700 block of Crescent in the heart of Beverly Hills, once the famed estate of Doris Day. This prime piece of real estate is perfect for any owner, user, or developer. 4,309 sq ft home is currently leased for $17,000 a month through June. Property is in plan check and scheduled for approval in June 2021 to build a 12,000 sqft house with a 1,000 sqft guest house designed by the esteemed luxury architect Ken Ungar. A lot and a half comprising a width of 120 feet and approximately 30,000 feet total. This is a rare opportunity to build a brand new home in the most desirable location. Saving up to a year of time, by close of escrow buyer will obtain plans and permits RTI. The manager has listed the unit size as 4309 square feet.
| |||
| Jun 16, 2020 | Sold | ||
| Sold | |||
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About Beverly Hills
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017