1865 Hillcrest Drive
About This Property
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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 |
|---|---|---|---|
| Feb 12, 2026 | Sold | ||
| Sold | |||
| Jan 16, 2026 | In contract | - | |
| In contract | |||
| Jan 5, 2026 | Listed by Radius Agent Realty | $1,999,999 | |
| Listed by Radius Agent Realty | |||
| | |||
|
A rare opportunity in Hermosa Beach: a home with both a yard and expansive ocean views on one of
the most desirable streets in the city. Nestled high in the North Hermosa Hills, this stunning residence
captures breathtaking ocean vistas from the living areas and throughout much of the home.
Indoor/outdoor living unfolds beautifully with accordion doors that open from the great room to a
spacious deck—an ideal place to enjoy morning coffee, evening wine, and unforgettable sunsets over
the Pacific.
Taken down to the studs in 2018, the home features clean lines, elevated finishes, and a thoughtful
design that feels both modern and warm. The backyard provides generous usable space for play,
entertaining, BBQs, and more. A 2-car garage and lush, beautifully maintained landscaping in both the
front and rear yards further enhance the home’s appeal.
Situated in a prime North Hermosa Beach location, you’re close to top-rated schools, parks, shops, and
restaurants. Whether you choose to enjoy the home as it is or explore the potential to build up in the
future, the flexibility is there. The lower level also offers excellent space for
storage, a home office, or a gym.
A truly special place to call home—opportunities like this don’t last.
| |||
| Mar 18, 2023 | No longer available | - | |
| No longer available | |||
| Feb 2, 2023 | In contract | - | |
| In contract | |||
Property Highlights
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About Hermosa Beach
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
$5,995 /mo
- 3 Beds
- 2 Baths
- 2,037 ft²
$7,000 /mo
- 3 Beds
- 2 Baths
- 1,464 ft²
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017