405 7th Street
About This Property
Every finish and fixture feels like it was made specifically for this home and curated to blend pacific natural elegance with modern functionality. The thoughtfully designed Beach Room on the walk-street level perfectly embodies the indoor-outdoor surf & sand lifestyle. Its front yard, featuring lush landscaping and drought-tolerant turf, seamlessly extends to the expansive Avalon limestone covered patio, which connects directly to the interior through large glass pocket doors. Striking Encaustic tile floors, a chic wet bar adorned with quartzite countertops, Zellige backsplash, and custom hand-blown glass light fixtures elevate this multi-functional space into a work of art. Stunning Otiima steel-framed windows and doors throughout maximize natural light, creating a seamless, airy connection across all three levels. The main level captures the essence of beach living with wide plank oak floors, a living room balcony that welcomes ocean breezes from just four blocks away, and an open floor plan ideal for entertaining or enjoying a quiet evening. The tasteful finishes throughout this level, including reeded and fluted cabinetry, Calacatta Gold natural stone kitchen counters, and organic ceramic brick backsplash, introduce an exciting modern twist to a warm beach pad.
The kitchen is decked out with Thermador Appliances, wine fridge, ice machine, walk-in pantry and all the bells & whistles you expect from a cook's kitchen. The primary suite offers a resort-like ambiance with clean lines, high ceilings, and a spa-like en suite bathroom including a soaking tub, steam shower and large walk-in closet ready for customization. Few locations can rival this one- just blocks from the sand, and a short walk to the downtown shops and dining that are quintessential Manhattan Beach.
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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 25, 2025 | Sold | ||
| Sold | |||
| Dec 26, 2024 | In contract | - | |
| In contract | |||
| Oct 16, 2024 | Listed by Compass | $9,299,000 | |
| Listed by Compass | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017