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1104 Palm Lane
About This Property
Owners have upgraded the property during the years, and this charming home is now ready for its new owners.
Get ready to bike to the beach, walk to a coffee shop in the neighborhood, and have access to the many amenities, as this lovely house has a walkscore of 89, and is only blocks away from Mira Costa, Hermosa Valley, and Hermosa Vista schools.
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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 16, 2026 | Sold | ||
| Sold | |||
| Mar 27, 2026 | In contract | - | |
| In contract | |||
| Mar 13, 2026 | Listed by Coldwell Banker Realty | $1,385,000 | |
| Listed by Coldwell Banker Realty | |||
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About North Redondo Beach
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017