739 WESTMOUNT 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 |
|---|---|---|---|
| Dec 1, 2021 | No longer available | - | |
| No longer available | |||
| Oct 22, 2021 | In contract | - | |
| In contract | |||
| Oct 8, 2021 | Listed by Compass | $2,849,000 | |
| Listed by Compass | |||
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A very rare, one of a kind offering in the heart of West Hollywood. Two incredible houses on a corner lot great for owner/user or amazing rental potential. THE MAIN HOUSE is a modern architectural masterpiece designed by noted architect John Powel and consist of 2 beds/2 baths, in approximately 1,700 square feet. The home has a very open concept with polished concrete floors, skylights, a sleek Chefs kitchen and top-of-the-line appliances. There is a very Zen-like feel to the home perfect for entertaining with great indoor/outdoor flow through walls of glass in the living room that open to the lush gardens and a 14 concrete firepit as a focal point. The master suite also opens to the lush gardens. The grounds are completely hedged and gated creating a private sanctuary. The driveway and one car garage create ample off-street parking for two cars. THE SECOND HOME is a quintessential California cottage loaded with charm & character. It consists of 1 bed/1 bath in approximately 600 square feet and has been extensively remodeled and renovated. It is completely separate and private from the main house and has its own private and hedged backyard and a separate driveway for two-car off street parking. It has a separate address (8610 Sherwood Drive) but both home are under one APN number. Both homes have their own private laundry rooms.Rents for the main house average $8,000-$10,000 depending on length of stay.Rents for the second home range from $4,000-$6,000 depending on length of stay.Both homes will be delivered vacant at close of escrow. The manager has listed the unit size as 2300 square feet.
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| Oct 21, 2020 | No longer available | - | |
| No longer available | |||
| Oct 12, 2020 | No longer available | - | |
| No longer available | |||
Property Highlights
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About West Hollywood
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
$3,695 /mo
- 1 Bed
- 1 Bath
- 785 ft²
$7,950 /mo
- 3 Beds
- 3 Baths
- 2,600 ft²
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017