1316 6th Street
About This Property
See conceptual drawings from renowned local luxury architect Anthony Laney in the photos, showcasing a stunning 6,000-7,000 square foot residence. These plans feature a two-story home with a large basement, a four-car tuck-under garage, expansive living spaces, and a substantial rear yard perfect for entertaining or private relaxation. The design also maximizes the potential for serene vistas to the North, making this property a unique canvas for your vision.
While the focus is on the lot's exceptional potential, the existing home offers an opportunity to settle in while planning your new build. The residence is ample in size and can be lightly refreshed to provide a comfortable living space during the design and permitting process.
Whether you're ready to embark on building your custom estate immediately or prefer to take your time and enjoy the expansive yard and tranquil surroundings, this property is a rare gem in a premier location. Don't miss the chance to bring your vision to life in the heart of Manhattan 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 |
|---|---|---|---|
| Mar 17, 2025 | Sold | ||
| Sold | |||
| Dec 13, 2024 | Listed by eXp Realty of California, Inc | $3,500,000 | |
| Listed by eXp Realty of California, Inc | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017