12 The Strand
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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.
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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 |
|---|---|---|---|
| Nov 2, 2018 | Sold | ||
| Sold | |||
| Jun 12, 2018 | Listed by Vista Sotheby’s Realty | $5,613,000 | |
| Listed by Vista Sotheby’s Realty | |||
| Jul 9, 2017 | Listed | $7,480,000 | |
| Listed | |||
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Toes in the sand location, on the ultra desirable Hermosa Beach Strand, offers the best in coastal living. Fabulous ocean views from this updated contemporary four bedroom PLUS an office home. This beautiful home captures the views with folding walls of glass that also provide seamless indoor/outdoor living. The strand level, FIRST floor, features a family/entertainment room with a bar, ice maker, refrigerator, 1 full bath, large patio, elevator, and direct beach access. On the SECOND floor, you will find another family/entertainment center, 2 bedrooms, 2 updated baths, an office or small bedroom, updated chefs kitchen, large dining area, and a spacious living room with a fireplace and a glass enclosed deck with barbecue grill, all with stunning ocean and sunset views. The TOP floor has a large master bedroom with a deck and big views. The master has a fireplace, tons of closets, a bath/steam room, dressing area, outdoor kitchen, and a second wood deck with heaters, motorized retractable awning, and plenty of night lights for entertaining or just having dinner under the stars. This location is close to the public parking lot, so your guests will have plenty of spaces to park. The bottom two floors are leased. See agent notes. Now is your opportunity to own this one of a kind Strand home.The manager has listed the unit size as 2693 square feet.
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About Hermosa Beach
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017