1220 9th Street
About This Property
$2,195,000
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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.
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 |
|---|---|---|---|
| Jul 11, 2023 | No longer available | - | |
| No longer available | |||
| May 26, 2023 | In contract | - | |
| In contract | |||
| Apr 28, 2023 | Listed by Strand Hill | Christie's International Real Estate | $3,495,000 | |
| Listed by Strand Hill | Christie's International Real Estate | |||
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Fresh from a sparkling top-to-bottom reimagining, 1220 9th Street is where you and yours can bask in pure coastal contemporary luxury. This fully fenced and gated East Manhattan Beach home just minutes from world-class shopping, dining & schools boasts 4 generous bedrooms, 3 spa-like bathrooms and over 3000 square feet of breathing room; a true entertainer’s dream come true. Just off the dramatic entryway, the home’s light-filled living room with fireplace boasts vaulted ceilings above and crisp hardwood flooring below (which extend throughout the first floor). Nearby, a private guest room could easily double as an in-home gym or playroom. Head towards the rear of the home and you’ll discover an open-concept family, dining & kitchen area designed to take your breath away every day. The massive chef’s island kitchen includes stainless Viking appliances (including a showcase 8-burner range) and bar seating for your cooking show’s most loyal fans. Nearby, a charming built-in dinette overlooks the spacious family room with ribbon fireplace, wine storage, wet bar and folding glass walls that open to the rear patio.1220 9th Street’s rear outdoor space is perfect for large-scale entertaining; lined with trees for maximum privacy, the massive wraparound patio with fire pit is large enough for multiple dining/lounging areas and is pre-wired for an outdoor TV. Out front, a large fully fenced yard is ideal for both kids & pets. Back inside, heading up the skylit staircase to the second floor reveals the vaulted, resort-like owner’s suite with fireplace, custom walk-in closet, built-in desk and stunning spa bathroom with double sinks and 2-person soaking tub. Two more bedrooms on this floor share a generous Jack & Jill bathroom (also with double sinks). With stunning finishes & details throughout, room to roam, a knockout location in a quiet neighborhood, a 3-car garage, a dog run, and it’s a Smart Home 1220 9th Street is everything you want… and everything you deserve. Just make your move before your East Manhattan Beach dream home *stays* in your dreams. The manager has listed the unit size as 3085 square feet.
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| Dec 27, 2018 | Sold | ||
| Sold | |||
| Oct 25, 2018 | Listed by Engel & Volkers LA-South Bay | $2,195,000 | |
| Listed by Engel & Volkers LA-South Bay | |||
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About Eastside Manhattan Beach
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017