9999 Edmore Place
About This Property
This project offering covers two parcels with a total of over 11 acres and has APPROVAL to be subdivided into 8 residential
lots. The site is located next to the Verdugo Mountain park system which features some of the area's best hiking and
equestrian trails. Lots 1 through 6 are sized to accommodate pools, while lots 7 and 8 are proposed to feature large decks
and floor to ceiling windows that capture the dramatic views. Lots 6 and 9 are combined. The valley views are astounding
from this Sun Valley area, just north of Burbank. From the downtown LA skyline to the far west valley. A retreat from the
city, but minutes away from many major freeways, studios, hollywood, downtown and southern California's world renown
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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 18, 2018 | Sold | ||
| Sold | |||
| Jul 19, 2017 | Listed by Media West Realty,Inc. | $1,000,000 | |
| Listed by Media West Realty,Inc. | |||
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About North Valley
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017