301 16th Street
About This Property
The interior showcases two state-of-the-art gourmet kitchens, perfect for the culinary enthusiast or for hosting lavish gatherings. The three-story elevator seamlessly connects all levels, adding convenience and accessibility throughout the home. Additional highlights include dual sets of washers and dryers that ensure functionality and ease, and over 7 parking spaces with 5 in private garages-an exceptional amenity in this sought-after area.
The primary suite serves as a tranquil retreat with panoramic ocean views, a spa-like en-suite bathroom, and ample closet space. Each additional bedroom is generously sized, offering en-suite baths and custom finishes.
Located just one block from the beach, this residence is the epitome of Southern California living. Enjoy the vibrant Manhattan Beach community with its upscale dining, shopping, outdoor activities and exceptional schools all while retreating to your private luxurious sanctuary.
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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 |
|---|---|---|---|
| Feb 14, 2025 | Sold | ||
| Sold | |||
| Jan 1, 2025 | Listed by Compass | $8,425,000 | |
| Listed by Compass | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017