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1515 2nd Street
About This Property
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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 |
|---|---|---|---|
| Aug 23, 2018 | No longer available | - | |
| No longer available | |||
| Jul 13, 2018 | Sold | ||
| Sold | |||
| Jun 11, 2018 | Listed | $1,699,000 | |
| Listed | |||
| | |||
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Resting up on an elevated lot, this comfy classic Manhattan Beach cottage has charm and flexible family space. Expanded and remodeled over the years, it offers three spacious bedrooms in the main house, all on a single level. A fourth bedroom with bath is separately built into the garage (formally permitted), and could make a good home office or guest suite. The full master suite with walk-in closet opens out to the quiet, gorgeous garden, surrounded by a picket fence. You’ll love the bright, open kitchen with casual dining area and family room. Another living room is at the front of the house. Dine al fresco on the side patio under the pergola and hanging lights. There are hardwood floors throughout the main living spaces, with newer carpet in the bedrooms. There’s even carpet in the garage, inviting you to use the space as a bonus room. (Playroom? Man cave? Garage band studio?) You will find plenty of outdoor space and a location that's close to schools and everything! With this great price, don't wait! The manager has listed the unit size as 1904 square feet.
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| May 23, 2018 | Listed by Confidential Realty | $1,699,000 | |
| Listed by Confidential Realty | |||
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About Eastside Manhattan Beach
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017