240 SANTA MONICA 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 |
|---|---|---|---|
| Oct 31, 2024 | Sold | ||
| Sold | |||
| Oct 8, 2024 | In contract | - | |
| In contract | |||
| Sep 19, 2024 | In contract | - | |
| In contract | |||
| Sep 17, 2024 | Price Decreased |
$1,450,000
↓ $49K
(3.3%) | |
| Price Decreased | |||
| Aug 22, 2024 | Listed by Value One Real Estate | $1,499,000 | |
| Listed by Value One Real Estate | |||
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This property is more than just a home; it's a lifestyle, located in the beautiful Channel Islands/Silver Strand Beach. Known for its laid-back environment, it offers the perfect setting to relax and unwind. The home boasts stunning views of the beaches and harbor inlets, with easy access for your kayaks or paddleboards. Featuring three bedrooms and a large additional space that can serve as a fourth bedroom or work area, there's plenty of room to spread out. The main living area allows you to enjoy the sounds of the outdoors and the refreshing ocean breeze. There is also a rooftop area set up for barbecuing and stargazing. The main bedroom includes its own bathroom for added privacy. The driveway is approximately 30 feet wide, providing ample parking space, and the garage offers direct access. The location truly makes all the difference.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017