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1504 Prospect Avenue
About This Property
The main living areas flow seamlessly, ideal for both relaxed coastal living and upscale entertaining. The luxurious primary suite serves as a private retreat with generous space, stunning views, and a spa-inspired bathroom. Each additional bedroom is well appointed with its own bathroom, offering comfort and privacy for family and guests.
Step outside to a resort style backyard featuring a private pool and outdoor entertaining areas which is perfect for enjoying warm Southern California days while taking in the panoramic ocean scenery. The home is also equipped with solar panels, offering enhanced energy efficiency, and helping to reduce utility costs while supporting sustainable living.
Located just minutes from the beach, dining, and shopping, this exceptional property offers the perfect blend of luxury, privacy, and the best of the Hermosa Beach coastal lifestyle. A rare opportunity to own a high-end ocean view home with a pool in one of the South Bay's most desirable neighborhoods.
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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 |
|---|---|---|---|
| May 29, 2026 | Sold | ||
| Sold | |||
| Apr 21, 2026 | In contract | - | |
| In contract | |||
| Apr 17, 2026 | Price Increased |
$4,299,000
↑ $100K
(2.4%) | |
| Price Increased | |||
| Mar 12, 2026 | Listed by eXp Realty of California Inc | $4,199,000 | |
| Listed by eXp Realty of California Inc | |||
| Dec 10, 2025 | Price Decreased |
$4,549,000
↓ $50K
(1.1%) | |
| Price Decreased | |||
Property Highlights
Building Info
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About Hermosa Beach
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017