1011 Garnet Street
About This Property
Standing stately on a sunny south facing corner lot is this stylish Spanish home. Completely remodeled in 2007, it feels like new. It was designed to provide the perfect combination of multiple outdoor living spaces including a private yard while requiring minimal maintenance. Its 88 feet of front footage makes for very impressive curb appeal. A total of four bedrooms includes a private top floor master suite with bath and adjoining open sitting room, office or den with peak-a-boo ocean view and second bath. A trio of bedrooms and two additional baths are located on the entry level along with the living room, dining room and a glorious kitchen ready for your culinary crafts. That's not all! The current owner thought ahead! The garage is ADU adaptable to create an additional unit consisting of a living room, kitchen and bath. If you are looking for an alternative to condominium living or for a multi-generational property or just for a beautiful home... you are sure to find it here!
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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 |
|---|---|---|---|
| Jun 12, 2020 | Sold | ||
| Sold | |||
| Apr 8, 2020 | Listed by Strand Hill Christies International Real Estate | $1,399,000 | |
| Listed by Strand Hill Christies International Real Estate | |||
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About South Redondo Beach
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017