1308 Ocean Avenue
About This Property
Step into a world of coastal elegance where the open and airy floor plan seamlessly connects living spaces, inviting both relaxation and entertainment. From the chef's kitchen equipped with a warming oven, prep sink, wine fridge, and a center island with bar-height seating, to the adjacent media room (with ½ bath) featuring a gas and wood-burning fireplace, surround sound and custom cabinetry plus sound proofing glass doors, every corner exudes warmth and hospitality. The primary bedroom (with peek a boo water view) serves as a tranquil retreat with its spacious lounging area, double walk-in closets, and a lavish ensuite bath featuring dual vanities, an air bubble spa tub, and a Grohe spa shower. A second primary bedroom offers privacy and comfort, complete with an ensuite bath, built-in desk with custom lighting, bay window, and private balcony with view of the serene landscaping. The 3rd spacious bedroom features a walk in closet, built- in desk with overhead lighting and en-suite bath. Ascend the spiral staircase to the upper deck, where panoramic ocean views await. Enjoy a morning cup of coffee or and evening sunset with friends. The custom ambient lighting and exceptional views create the perfect backdrop for outdoor gatherings. Opposite the deck is the wet bar and refrigerator for easy entertaining. Custom cabinets, crown molding, and designer lighting elevate the home's allure. Other features of the home include an EV charging station+power box, alarm system, dual paned windows, stairwell skylight and wired for TV in the kitchen and bath plus side patio off the media room. This home offers the space for an elevator and the possibility for a 4th bedroom. Located within walking distance to Main Street boutiques, cafes, and the Pier, this residence offers the epitome of coastal living. After a day of beachcombing and water adventures, rinse off in the outside shower before retreating to the comfort of your seaside haven. Enjoy the Seal Beach lifestyle! Check out the video too!
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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 |
|---|---|---|---|
| Aug 19, 2024 | Sold | ||
| Sold | |||
| Aug 8, 2024 | In contract | - | |
| In contract | |||
| Feb 14, 2024 | Listed by Compass | $2,895,000 | |
| Listed by Compass | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017