3108 Elm Avenue
About This Property
Soak up the Manhattan Beach lifestyle in this brand new construction, thoughtfully designed home on an elevated street in the prestigious Tree Section. With 5 bedrooms & 5 bathrooms, including a downstairs ensuite perfect for guests or a private office, this 3,125 sq. ft. residence blends elegance with modern convenience and energy efficiency. Open floor plan with elevated 10' ceilings, 8' doors, and a grand 4' wide entry door create an open, airy feel, while White Oak hardwood floors and custom stair railings add warmth and sophistication.
The chef's kitchen is a standout, featuring Taj Mahal quartzite counters, Wolf & Asko appliances, a Sub-Zero refrigerator, 8-burner stove, a sleek drawer microwave and walk-in pantry. The primary suite offers a spa-like retreat with Porcelanosa tiles, a freestanding luxury soak tub and Hansgrohe fixtures, with a walk-in wardrobe that would make Oprah jealous. A fireplace with an El Dorado stone accent wall provides a cozy centerpiece to the living space.
Designed for effortless living, this home features Sierra Pacific casement windows, a 14' multi-slide bypass door, and smart energy solutions like solar panels, a tankless water heater with a recirculating hot water line, and a Samsung dual-system HVAC. The insulated garage is equipped with an electric car charger. A conveniently located upstairs laundry room with a sink adds to the home's functionality.
Best part may be the location! Leave the car at home and explore the nearby Veteran's Parkway Greenbelt, now connected via tunnel to Manhattan Village's shops, restaurants, and entertainment. Or follow its scenic 3.5-mile path that winds through Manhattan and Hermosa Beach to Redondo. Enjoy top-rated schools, stunning beaches, year-round sunshine, and a diverse dining and shopping scene-all with the laid-back charm and convenience that make Manhattan Beach one of the most desirable coastal communities in the world.
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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 |
|---|---|---|---|
| May 22, 2025 | Sold | ||
| Sold | |||
| May 8, 2025 | In contract | - | |
| In contract | |||
| Mar 27, 2024 | Listed by Y Realty | $4,799,000 | |
| Listed by Y Realty | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017