9440 Gallatin Road
About This Property
This home is perfect for buyers who are looking for preserved architecture and beautiful craftsmanship. Families will also feel at home with 4 bedrooms, 5 baths, office with built-in shelving and again beautiful wood paneling all on a huge 16,400 sq. ft. lot. The sunken great room welcomes everyone with the stone fireplace and built-in bar. You must see to truly appreciate this property!
Convenient to Promenade, Stonewood shopping center, movies, restaurants and so much more. Easy access to Downtown Los Angeles and LAX via 605/5/105 freeways.
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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 28, 2026 | Sold | ||
| Sold | |||
| Mar 20, 2026 | In contract | - | |
| In contract | |||
| Mar 5, 2026 | Listed by Sotheby's International Realty | $2,049,000 | |
| Listed by Sotheby's International Realty | |||
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The Hofkin Residence, c.1964, a Mid-Century Modern pool estate by architect Jules Salkin, AIA. Fully gated and discreet from the street, this architecturally significant home was recently featured in Architectural Digest and is the crown jewel of the neighborhood, distinguished by its exceptional provenance and careful preservation. A friend and frequent collaborator of John Lautner, Salkin incorporated Wrightian principles into the expansive 3,450 sq ft single-story layout, emphasizing horizontality, natural materials, and a seamless connection to the outdoors. The current owner, who acquired the property from its only previous steward, has made thoughtful, design-forward updates that honor the home's integrity while enhancing its modern California Ranch-style livability. Original Mid-Century craftsmanship remains beautifully intact: teak kitchen, custom cabinetry and 1960s built-ins, wood paneling, walls of glass, beamed cathedral ceilings, and the primary suite's distinctive colorful bath tile created from bona fide remnants of Charles Kratka's mosaic tunnels at LAX. A dramatic sunken great room anchors the residence, its sculptural stone fireplace serving as a commanding focal point and its sleek integrated bar effortlessly suited for both intimate evenings and grand-scale entertaining. Four bedrooms, five baths, and a dedicated office are set on a lush 16,400 sq ft lot with multiple outdoor entertaining areas and a glistening dive in ready pool. This rare architectural treasure in sought-after Northeast Downey is a one-of-a-kind, trailblazing masterwork that secures Salkin's place in the legendary lineage of Southern California Modernism.
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| Oct 23, 2018 | Sold | ||
| Sold | |||
| Aug 24, 2018 | Listed by Coldwell Banker Alliance | $1,125,000 | |
| Listed by Coldwell Banker Alliance | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017