2618 Laurel Avenue
About This Property
A true 60's feel to this home, in its' design and flow. Atrium patio adds natural sunlight to living and dining rooms & offers all kinds of possibilities for indoor/outdoor living. Very convenient location, minutes from LAX, 405 & 105 freeways but true beach living.
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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%.
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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 |
|---|---|---|---|
| Sep 3, 2020 | Sold | ||
| Sold | |||
| Jul 30, 2020 | Listed by Strand Hill Christies International Real Estate | $2,599,000 | |
| Listed by Strand Hill Christies International Real Estate | |||
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Welcome to this completely remodeled coastal traditional home with beautiful custom design by Andrika King. Situated in Manhattan Beach’s Tree Section, this home comes complete with 5 bedrooms & 3 baths. The open concept living area features new Duchateau white Oak floors, vaulted tongue and groove ceilings with recessed lighting throughout, fireplace with custom built-ins, and doors that open seamlessly to the private outdoor patio integrating the indoor and outdoor spaces for the ultimate California experience. The gourmet kitchen features an impressive center island, Shaker cabinetry, Neolith countertops, designer fixtures, luxury Wolf and Subzero appliances and an eating area with stunning window coverings. Also on the main floor is a bonus work from home area and laundry room. The top floor features a beautiful master suite with his/her closets, two additional bedrooms with custom finishes and a bathroom. On the lower floor, there is a spacious bonus room that opens to a welcoming patio and landscaped backyard, along with two additional bedrooms and a bathroom. Also featured is a spacious 2 car garage with plenty of storage. This property was given extensive custom upgrades including all new windows and doors, new outdoor siding and stucco with an outdoor shower, new HVAC, and custom surround sound. Perfectly located walking distance to downtown shops, restaurants, and Grandview Elementary, this property is move in ready!
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| Apr 20, 2017 | Sold | ||
| Sold | |||
| Mar 3, 2017 | Listed by Beach City Brokers | $1,899,000 | |
| Listed by Beach City Brokers | |||
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About Tree Section
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017