1932 The Strand
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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 |
|---|---|---|---|
| Jul 31, 2025 | Sold | ||
| Sold | |||
| Jun 17, 2025 | In contract | - | |
| In contract | |||
| Jan 16, 2025 | Listed by Strand Hill Properties | $14,500,000 | |
| Listed by Strand Hill Properties | |||
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This Coastal Modern masterpiece offers unparalleled luxury and convenience in a prime north Hermosa Beach location. With three ocean-facing levels (thanks to rare 30-foot height zoning), the home is packed with high-end features, including three entertainment spaces, a dedicated media room, Savant Control System, automated Lutron lighting and shades, radiant heating, a 3-zone AC system, four fireplaces, a 120-bottle wine wall, and a 3-stop elevator. Top-quality finishes include Quantum doors and windows, Dornbracht fixtures, Walker Zanger and Ann Sacks tile, Miele appliances, four Sub-Zero refrigerators, and custom Rift Walnut cabinetry. Perfect for entertaining, the home also boasts a show-stopping bar, thoughtful details like a foot wash by the Strand entry, and a compressed air dispenser in the garage. Just two blocks from local favorites like Martha’s 22nd Street Grill, The Green Store, and The Bottle Inn, this home exemplifies beach living at its finest!
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| Dec 21, 2018 | Sold | ||
| Sold | |||
| May 17, 2018 | Listed by Strand Hill Christies International Real Estate | $11,950,000 | |
| Listed by Strand Hill Christies International Real Estate | |||
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About Hermosa Beach
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017