1206 1st Place
About This Property
The living room is really spacious, and has a wood-burning brick fireplace with raised hearth. The kitchen has an abundance of wood stained cabinets , an eat-in nook, free-standing range.oven, dishwasher and refrigerator. This house is waiting only for your touches to make iit your home. So many possibilities. You can enjoy ocean views and sunsets from the spacious elevated rear deck, as you contemplate those personal touches.
Or relax in the grassy private front yard, calming and relaxing. This home is serviced by a spacious 1-car garage, and this location is only minutes from the Beach, shopping, restaurants, and major transportation. You can afford a home at the Beach!!!
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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 7, 2026 | Sold | ||
| Sold | |||
| Mar 14, 2026 | In contract | - | |
| In contract | |||
| Jan 8, 2026 | Listed by DOMO Real Estate | $1,299,000 | |
| Listed by DOMO Real Estate | |||
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About Hermosa Beach
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017