231 Avenue D
About This Property
Master En Suite includes large Hotel Style Master Bath, custom cabinetry, quartz countertops, Zen-like spa tub, invigorating two person shower and a large custom walk-in closet! Plus - bonus brand new backyard cottage with full bath, sleeps 4, features excellent natural light, high ceilings, fan, custom lighting, outdoor shower, tankless water heater and large double doors which open to the lush and private backyard. Enclosed backyard with automated entry gate for access to your two car garage and additional parking pad for paddle boards, surfboards, golf cart or third car! Perfectly located - just steps from the beach and only five blocks from the Riviera Village dining and shopping area - you can't beat the location! Everything is easily walkable and bikeable without the hills found in the rest of Redondo Beach. Enjoy outdoor barbecue, long evenings with friends by the private patio fire while watching those Sensational Sunsets or walk down to the Riviera for dinner at one of the wonderful restaurants! Walking distance to shops, restaurants, beaches and ocean! Enjoy surfing, sunning, running, volleyball, biking, paddle boarding, boating, sunsets and cool ocean breezes! This is the Best of All Worlds! You are not just purchasing a home but a South Bay Beach Lifestyle that most people just dream of!! To Live, Live by the Sea!
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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 |
|---|---|---|---|
| Oct 22, 2021 | Sold | ||
| Sold | |||
| Aug 14, 2021 | Listed by Beach City Brokers | $2,395,000 | |
| Listed by Beach City Brokers | |||
| May 22, 2015 | Sold | ||
| Sold | |||
| Feb 12, 2015 | Listed by Real Estate West, Inc. | $1,440,000 | |
| Listed by Real Estate West, Inc. | |||
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Rare Opportunity to own a California Craftsman on the Avenues in Redondo Beach! This 2012 remodeled home offers three spacious bedrooms and two baths, an open, flowing floor plan, large living room with a warm and cozy stone fireplace, high ceilings, crown moldings, new hardwood floors, new double pane windows and new doors. Dining room is adjacent to the kitchen featuring breakfast bar, custom cabinets, stainless steel appliances and quartz countertops. Master En Suite includes Hotel Style Master Bath, custom cabinetry, quartz countertops, Zen-like spa tub, invigorating two person shower and a custom walk-in closet! Enclosed backyard with automated entry gate for access to your two car garage and additional parking pad for paddle boards, surfboards, golf cart or third car! Enjoy outdoor barbecue, dining or just relaxing on your private patio while watching those Sensational Sunsets or walk down to the Riviera for dinner at one of the wonderful restaurants! Walking distance to shops, restaurants, beaches and ocean! Enjoy surfing, sunning, running, volleyball, biking, paddle boarding, boating, sunsets and cool ocean breezes! This is the Best of All Worlds! You are not just purchasing a home but a South Bay Beach Lifestyle that most people just dream of!!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017