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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 |
|---|---|---|---|
| Jun 25, 2026 | Listed by Carolwood Estates | $7,950,000 | |
| Listed by Carolwood Estates | |||
| Mar 9, 2023 | No longer available | - | |
| No longer available | |||
| Sep 23, 2022 | Listed by The Agency | $7,995,000 | |
| Listed by The Agency | |||
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"The Art House", one of the most iconic homes in Venice. This widely published, internationally recognized property sits privately above the street behind a wall & gates, A green architectural masterpiece on a huge corner lot close to Abbot Kinney & the beach in one of Venice's most sought after neighborhoods (Milwood). An urban oasis w/ striking exteriors w/ an industrial warehouse feel, w/ sun-drenched interiors, an open floor plan & vibrant layers of color that evoke the purest sense of joy. Walls of glass open to several distinct outdoor experiences on all 4 sides w/ large-scale entertaining & plenty of room for a pool, including sunken courtyard, fireplace, 2 roof decks w/ views & ocean breezes, & featuring the worlds first residential commission by renown anonymous French street artist, Invader. Striking main suite on the 2nd level, while the 1st level features a high-functioning kitchen opening to the living spaces, plus 2 large guest bedrooms. Across the courtyard is a 2-car garage & guest studio w/ great scale, perfect home office or high income rental opp. This unique architectural compound is a utopian sanctuary of art & life. The manager has listed the unit size as 3414 square feet.
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| Nov 2, 2020 | No longer available | - | |
| No longer available | |||
| Jul 29, 2020 | Listed | $8,250,000 | |
| Listed | |||
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Playful architectural compound in historic Milwood, one of Venice's most appealing neighborhoods... moments away from the Abbot Kinney shopping district & the ocean. Created by a toy executive, it features striking exteriors that evoke urban warehouses, eclectic art installations & sun-drenched interiors with vibrant color, art walls & high ceilings. Perched above the street on an expansive parcel, the main house, 3 br/4 ba, offers luxurious flex spaces that open to picturesque outdoor areas, including a sunken courtyard suitable for large-scale entertaining (w/room for a pool), a fireplace/conversation area, outdoor staircases resembling fire escapes & 2 roof decks that function as outdoor living rooms. There's also a separate studio building w/the world's first residential commission created on-site by the renown, mysterious French street artist Invader.For a property w/such scale & openness, there's a remarkable sense of shelter, privacy (and fun). Welcome to Venice in 2020. The manager has listed the unit size as 3414 square feet.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017