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2909 N Valley
About This Property
Whether you're a developer, investor, or future homeowner, the upside is compelling. New construction homes in the Tree Section are now selling in the $6 million range, making this an outstanding opportunity to build substantial equity while designing a home tailored to today's luxury lifestyle. The expansive 50-foot frontage allows for exceptional curb appeal, more flexible floor plans, enhanced indoor-outdoor living, and a truly distinctive architectural presence.
Enjoy an unbeatable location just minutes from downtown Manhattan Beach's acclaimed restaurants, boutiques, cafes, the iconic beach and Strand, Manhattan Village shopping, and award-winning Manhattan Beach schools. Build the home you've always envisioned in one of Southern California's premier coastal communities. This is the lowest priced lot in the Tree Section.
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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 |
|---|---|---|---|
| Sep 11, 2026 | Sold | ||
| Sold | |||
| Jul 28, 2026 | In contract | - | |
| In contract | |||
| Jul 1, 2026 | Listed by Strand Hill Properties | $1,999,000 | |
| Listed by Strand Hill Properties | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017