$1,950,000
●
House -
Off Market
217 Marine Place
Manhattan Beach, CA 90266
2 Beds
2 Baths,
1
Half Bath
1,211 Ft²
$2,759,077
RealtyHop Estimate
38.02%
Since Aug 1, 2020
CA-Los Angeles
Primary Model
About This Property
Beautiful corner lot home two blocks to the beach with amazing
panoramic ocean views from Catalina to Malibu. Located in the
quietest area of the sand section in the highly coveted community
West of Highland where values typically range from $3 to $16
Million. Ideal location with the Strand a few doors away and a
short walk to Manhattan Beach Pier and El Porto. The upstairs
living area offers an open plan living at its best with stunning
180- degree ocean views from the living room, kitchen, dining, and
balcony. The home's lower level showcases two comfortable bedrooms;
a master suite with an en-suite bath and a private balcony, as well
as a guest bedroom with en-suite bath. This turn-key home offers
high-end amenities including a Viking range stainless steel
appliances, hardwood and travertine stone floors, plantation
shutters, a designer staircase, and a 2-car garage with a modern
glass garage door. This is the one! Come enjoy beach living at its
finest.
Unit Size
1,211 Ft²
Days on Market
93 days
Land Size
0.02 acres
Price per sqft
$1,651
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1987
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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 #SB20070286)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jul 17, 2020 | Sold | ||
| Sold | |||
| Apr 15, 2020 | Listed by Compass | $1,999,000 | |
| Listed by Compass | |||
| Dec 8, 2019 | No longer available | - | |
| No longer available | |||
| Nov 26, 2019 | Price Decreased |
$2,149,000
↓ $50K
(2.3%) | |
| Price Decreased | |||
| Jul 25, 2019 | Listed | $2,199,000 | |
| Listed | |||
| | |||
|
Just two blocks from the beach, this classic contemporary California home is perfectly situated between all of the dining and entertaining Manhattan Beach has to offer. The sunny, main level entry greets you with a beautiful wrought-iron staircase. Both bedrooms are located on this level, complete with hardwood flooring, plantation shutters, ceiling fans, and full en suite baths. The west bedroom features a corner balcony, perfect for curling up with a good book or evening glass of wine. The bright and open top level’s main feature is the panoramic picture window with views from Catalina to Malibu. A second Southwest facing balcony offers endless sunsets. The scenic views can also be enjoyed from the spacious kitchen with stainless steel appliances and wine fridge. A powder room and living/dining area finish off the upper level. Park the car in the two car garage, grab your surfboard and head on down to the beach or take a walk up the street to dine at one of Manhattan’s many great restaurants! The manager has listed the unit size as 1179 square feet.
| |||
Property Highlights
Garage
Parking Available
Fireplace
With View
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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Status
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Type
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Baths
ft²
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Listed by: Lauren Forbes, Compass
Last Updated: 4 months ago
Data Source: CRMLS, MLS# SB20070286
Last Updated: 4 months ago
Data Source: CRMLS, MLS# SB20070286
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