1019 Avenue B
About This Property
You're gonna love the gourmet kitchen featuring a fantastic 9-foot quartz island perfect for entertaining that opens up to the living room & dining room, creating a seamless flow. Thermadore stainless appliance suite, lots of pantry space and under-cabinet lighting are also convenient additions to the custom kitchen remodel. Around the corner find the spacious family room addition with a beverage center and custom-built media center. There is also a bedroom & bathroom on this first level.
As you ascend the bright and sunny wood stairs, you will find 4 bedrooms, an office, 2 bathrooms & laundry room. The primary suite is like no other. It's got a huge walk in custom closet, beautifully appointed bathroom, and 2 rooms - one could be the bedroom and the other could be an office, work out room, nursery or whatever you want it to be. Then there are three other bedrooms and a full bathroom.
The 400 sq ft garage has been recently converted into a permitted multi-functional ADU (accessory dwelling unit) that includes a king-sized Murphy Bed, a charming kitchenette, a gorgeous 3/4 bathroom with its own walk in shower, washer/dryer hook-ups & a split HVAC system.
As if all of these features weren't enough, the backyard is a true outdoor paradise. It boasts a pool and spa, a relaxing outdoor gas fireplace area, a covered outdoor kitchen area with BBQ grill, outdoor sink, bar seating and an outdoor refrigerator. Add a turf putting green, and plenty of dining space and you are all set for relaxing regularly with friends & family.
This home truly has it all - style, functionality, and an unbeatable location. Don't miss out on the opportunity to make it yours.
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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 |
|---|---|---|---|
| Oct 8, 2024 | Sold | ||
| Sold | |||
| Oct 7, 2024 | In contract | - | |
| In contract | |||
| Sep 16, 2024 | In contract | - | |
| In contract | |||
| Sep 5, 2024 | Price Decreased |
$2,999,000
↓ $150K
(4.8%) | |
| Price Decreased | |||
| Aug 4, 2024 | Listed by RE/MAX Estate Properties | $3,149,000 | |
| Listed by RE/MAX Estate Properties | |||
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About South Redondo Beach
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017