18 5th Street
About This Property
On the second level, two well-appointed bedrooms provide comfort and privacy-one featuring its own ensuite bathroom, and the other with easy access to a second hallway bathroom. Additionally, enjoy a centrally located laundry room that adds convenience to all living quarters. Ascending to the expansive primary suite that encompasses the entire third level, you'll find a bright and inviting space with wood-vaulted ceilings, sweeping panoramic ocean views, and abundant natural light streaming in from the beachside. The luxurious ensuite features a dual vanity, a freestanding bathtub, and a spa-inspired rain shower for ultimate relaxation. Just off the suite, a private terrace offers a serene retreat with breathtaking views of the ocean and beach. This Hermosa Beach residence is a true coastal haven, offering unparalleled elegance and comfort just steps from the sand. With thoughtfully designed spaces indoors and out, every detail enhances beachside living, providing a perfect blend of style and tranquility that embodies the best of California coastal living.
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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 |
|---|---|---|---|
| Dec 26, 2024 | Sold | ||
| Sold | |||
| Nov 19, 2024 | In contract | - | |
| In contract | |||
| Nov 12, 2024 | Listed by Compass | $4,950,000 | |
| Listed by Compass | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017