$717,000
●
House -
Off Market
7518 OAK PARK Avenue
Lake Balboa, CA 91406
3 Beds
2 Baths
1,650 Ft²
$1,162,501
RealtyHop Estimate
59.47%
Since Sep 1, 2017
National-US
Primary Model
About This Property
New energy efficient modern Craftsman home in prime Lake Balboa.
Desertscape front yard with a water capturing rain garden leads up
to the fully insulated home with vaulted ceilings, new dual pane
windows and doors, solar roof vents and LED lighting throughout.
Brand new kitchen with grey cabinetry, new low energy appliances
and beautiful Calcutta gold marble countertops. A huge La Cantina
12ft wide & 8ft tall accordion door opens the entire living area to
the landscaped backyard with deck and built-in fire pit. Master
bedroom suite with vaulted ceilings and Carrera marble master
bathroom and custom closet. Two additional bedrooms with
custom closets share another bath with deep tub. Wide plank wood
flooring throughout, new 200 amp electrical, copper plumbing and
prewired for an electric car charging station and solar. Pre-wired
for DTV & pre-installed surround speakers in the living room. Bring
your toothbrush and move right in!
Unit Size
1,650 Ft²
Days on Market
25 days
Land Size
0.15 acres
Price per sqft
$442
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1951
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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 #17255110)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 22, 2017 | Sold | ||
| Sold | |||
| Jul 28, 2017 | Listed by RE/MAX ESTATE PROPERTIES | $729,000 | |
| Listed by RE/MAX ESTATE PROPERTIES | |||
| Jul 8, 2017 | Listed | $729,000 | |
| Listed | |||
| | |||
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Reduced for a quick sale! Designer done new modern craftsman custom home. Located in prime Lake Balboa, this 3 bedroom & 2 bathroom home has been built with the highest quality craftsmanship and materials. Designed with a great architectural open floor plan, the custom kitchen with Calcutta Gold counters & grey cabinetry flows into the dining area & living room. Brand new Kitchen Aid appliances & new washer dryer. A 12 ft wide 8ft tall accordion door opens the entire house to the deck with built-in granite fire pit & spacious backyard creating total indoor/outdoor living. The master bedroom suite has 12 ft vaulted ceilings, a huge closet & beautiful Carrera master bathroom. Two additional bedrooms with custom closets & a soaking tub guest bathroom are perfectly laid out. Every room is pre-wired for DTV & living room has pre-installed surround speakers. Attached 2-car garage is insulated and finished. Seller financing available!The manager has listed the unit size as 1650 square feet.
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Property Highlights
Air Conditioning
Fireplace
Garage
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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About South Valley
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Listed by: Emory Donelson, RE/MAX ESTATE PROPERTIES
Last Updated: 4 months ago
Data Source: CRMLS, MLS# 17255110
Last Updated: 4 months ago
Data Source: CRMLS, MLS# 17255110
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