$1,450,000
●
House -
Off Market
1648 Palm Drive
Hermosa Beach, CA 90254
3 Beds
2 Baths
1,196 Ft²
$2,170,467
RealtyHop Estimate
49.69%
Since Nov 1, 2018
CA-Los Angeles
Primary Model
About This Property
Back on market, previous contingent buyers unable to perform. This
quintessential beach house offers 3 bedrooms, 2 baths, large deck &
garage located north of downtown Hermosa & one short block from the
beach! The original craftsman style of this home exudes
character while giving you the modern conveniences of updated
kitchen, bathrooms, large laundry room, newer windows &
plumbing...plus lots of storage! Walk to all of the amazing
Hermosa Beach restaurants, shops & nightlife or take a stroll along
The Strand to Manhattan Beach or Redondo. This classic home
is perfectly located close to downtown...but not too close!
Live in now & build later to capture the beautiful ocean
views. No other home in the sand section offers such an
incredible beach lifestyle for this price!
Unit Size
1,196 Ft²
Days on Market
244 days
Land Size
0.03 acres
Price per sqft
$1,212
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
2021
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Cap Rate
100% Occupancy
N/A (extreme outlier) 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.
Last updated: 4 months ago (CRMLS #SB18030969)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 12, 2018 | No longer available | - | |
| No longer available | |||
| Oct 10, 2018 | Sold | ||
| Sold | |||
| Aug 23, 2018 | Listed | $1,450,000 | |
| Listed | |||
| | |||
|
This quintessential beach house offers 3 bedrooms, 2 baths, large deck & garage located north of downtown Hermosa & one short block from the beach! The original craftsman style of this home exudes character while giving you the modern conveniences of updated kitchen, bathrooms, large laundry room, newer windows & plumbing…plus lots of storage! Walk to all of the amazing Hermosa Beach restaurants, shops & nightlife or take a stroll along The Strand to Manhattan Beach or Redondo. This classic home is perfectly located close to downtown...but not too close! Live in now & build later to capture the beautiful ocean views. No other home in the sand section offers such an incredible beach lifestyle for this price! The manager has listed the unit size as 1196 square feet.
| |||
| Feb 8, 2018 | Listed by Palm Realty Boutique, Inc. | $1,450,000 | |
| Listed by Palm Realty Boutique, Inc. | |||
| Aug 26, 2014 | Sold | ||
| Sold | |||
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Property Highlights
Garage
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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Status
Status
Type
Beds
Baths
ft²
Price/ft²
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Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Hermosa Beach
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Listed by: Tony Puma, Palm Realty Boutique, Inc.
Last Updated: 4 months ago
Data Source: CRMLS, MLS# SB18030969
Last Updated: 4 months ago
Data Source: CRMLS, MLS# SB18030969
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