1601 Wendy Way
About This Property
PICTURE PERFECT IN MANHATTAN BEACH - Uncompromising and luxurious. It's amazing from the moment you see it. Located on an east-west facing lot, the property offers an abundance of natural light throughout the day. This residence is renovated and so finely tuned with the surprising power to offer many areas to chillout and enjoy life. Beautiful brand new wide-plank French oak hardwood floors adorn throughout. The front formal living room is picturesque as the curb appeal suggests. High-end new bath and kitchen amenities, along with AC throughout, the home exceeds the expectations in this price range. Then, there's the large family room with a light & airy element offering a fireplace and exposed beam ceilings that lead to an easy indoor-outdoor living space in a very well-appointed backyard. The property also boasts a bonus family room / playroom that adds to the dynamic of living spaces. Smart control lighting that you can control from your smart phone. Truly turnkey for a most discerning would-be buyer.
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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 |
|---|---|---|---|
| Oct 16, 2020 | Sold | ||
| Sold | |||
| Mar 12, 2020 | Listed by Compass | $1,699,000 | |
| Listed by Compass | |||
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About Eastside Manhattan Beach
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017