407 30th Street
About This Property
Nestled just blocks from the beach, this stunning South-facing home in North Hermosa Beach epitomizes the quintessential coastal lifestyle. Whether you're entertaining guests or seeking a peaceful retreat, this residence offers the perfect blend of space, light, and luxury.
Main Level: Spacious and Inviting oversized family room/3rd bedroom or a possible Jr ADU, with its own fireplace, a convenient wet bar, refrigerator, and a private bath. French doors lead to a secluded south-facing front patio, perfect for enjoying the coastal breeze.
Second Level: The heart of the home is found on the second level, where the living area and kitchen come together under soaring vaulted ceilings. A wall of windows bathes the space in natural light. The bright kitchen is equipped with newer appliances, and custom cabinetry and features a pass-through breakfast bar that connects seamlessly with the living area. Enjoy the warmth of a second fireplace or step out onto the south-facing balcony for some fresh air. This level also includes a separate dining area and two well-appointed bedrooms. The primary suite is a private oasis, complete with a walk-in closet and a luxurious bathroom that features a soaking tub and an oversized sink. The second bedroom is sunny and inviting, with a cedar-lined closet, while the guest bathroom offers a walk-in shower and stylish white-tiled counters.
Top Level: Rooftop Deck & Loft- Ascending to the top level, you'll find an open loft/office/gym, that provides access to a spacious rooftop deck. This outdoor space offers pastoral views and an abundance of sunshine, making it the perfect spot for relaxation or outdoor gatherings.
Additional Features: Central AC, Ample Parking and Storage -The property includes a laundry room, a two-car garage with additional storage/workshop, outside storage area, and two coveted covered parking spaces on the pad outside the garage = 4 car parking, unheard of in this area! Come take a look!
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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 3, 2024 | Sold | ||
| Sold | |||
| Aug 25, 2024 | In contract | - | |
| In contract | |||
| Aug 14, 2024 | Listed by RE/MAX Estate Properties | $2,599,000 | |
| Listed by RE/MAX Estate Properties | |||
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About Hermosa Beach
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017