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429 24th Street
About This Property
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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%.
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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 13, 2025 | Sold | ||
| Sold | |||
| Apr 1, 2025 | Listed by Pacifica Properties Group, Inc. | $4,995,000 | |
| Listed by Pacifica Properties Group, Inc. | |||
| | |||
|
This one-of-a-kind, custom-built Spanish Villa embodies the ultimate family-friendly beach lifestyle with wonderful views
and a big backyard for play and entertaining. Designed by respected architect Michael Lee to maximize its hilltop location
on an oversized lot, this serene home artfully combines old Hollywood glamour with modern elements. A dream location
among some of Hermosa’s finest homes, it’s just steps to the beach, neighborhood restaurants, Valley Park, Hermosa
Vista School, and Hermosa Valley School. It’s within the highly sought-after Mira Costa High School District too. Best of
all, your sidewalk stroll will be along sleepy and safe side streets!
Perched at one of the highest points in the Sand Section, you’ll feel like you're above it all. Nearly every room offers a
view - whether it’s of the ocean, Catalina Island, Palos Verdes, or the hillsides to the east. The oversized 3,905 sf lot is
120’ deep, which is very rare this close to the beach. It’s 40’ deeper than the typical sand section lot! The large backyard
and covered patio encompass approximately 1,000 sf - a great place for fun and gatherings.
With multiple decks, balconies, LaCantina retracting doors, skylights, numerous windows and French doors, this home
effortlessly blends indoor and outdoor living with all-day sun, sea breezes, and the calming sound of the surf. The roof
deck is a peaceful retreat where you can relax and enjoy panoramic views and stunning sunsets.
Designed with family and pets in mind, the ingenious floor plan includes entertaining spaces that flow seamlessly to
outdoor areas, an owner’s wing with a panoramic view primary suite and a large office (or 6th bedroom/nursery), and a
dedicated "kids' floor" with its own family room. It’s perfect for large families, out of town visitors and kids home from
college. Pets can roam freely and securely among the home’s multiple, connected outdoor spaces. Complementary
finishes include Peruvian walnut hardwood floors, custom Douglas Fir kitchen cabinets, soapstone, Carrara marble, and a
wood burning fireplace. Additional features include radiant heated floors, a surf shower, security system and cameras,
Cat-6 wiring throughout, 4 car parking, and a welcoming entry courtyard with a security gate. Don’t miss this rare find in
North Hermosa — schedule your private tour today!
| |||
| Aug 20, 2019 | Sold | ||
| Sold | |||
| Jul 4, 2019 | Listed by RE/MAX Estate Properties | $3,645,000 | |
| Listed by RE/MAX Estate Properties | |||
| Nov 17, 2018 | No longer available | - | |
| No longer available | |||
Property Highlights
Building Info
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About Hermosa Beach
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
$5,995 /mo
- 3 Beds
- 2 Baths
- 2,037 ft²
$7,200 /mo
- 3 Beds
- 2 Baths
- 1,805 ft²
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017