$1,700,000
●
House -
Off Market
429 Via Malaga
Redondo Beach, CA 90277
4 Beds
1 Bath
2,123 Ft²
$2,780,055
RealtyHop Estimate
58.95%
Since Nov 1, 2017
National-US
Primary Model
About This Property
A property like this only comes on the market once or twice a
decade. Located on a quiet street with few homes, close to
the ocean, the property boasts a spectacular ocean view and is
located on a magnificent, over 11,000 sq ft lot, two of the
factors that make this property so rare. This one level home
features a gorgeous driveway with lush vegetation, pergola and
stone entry. Once you are inside this mid-century modern home,
one is reminded of some of the mid-century modern homes built
by Frank Lloyd Wright. The backyard feels like you are in the
park with a wood deck, nestled between the family room and the 4th
bedroom. Property has beautiful beveled glass front door, gleaming
hardwood floors in the living room, remote-control window
treatments in the living room, new carpeting in the bedrooms and
the family room, copper plumbing, two fireplaces (one in the living
room and one and in a family room), an updated kitchen (with
stainless steel appliances, shaker-style cabinetry, pendant
lighting, and recessed lights.) Home has charm that is out of
this world.
Unit Size
2,123 Ft²
Days on Market
107 days
Land Size
0.26 acres
Price per sqft
$824
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1954
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Cap Rate
100% Occupancy
N/A (extreme outlier) 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.
Last updated: 4 months ago (CRMLS #PV17159009)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 27, 2017 | Sold | ||
| Sold | |||
| Jul 29, 2017 | Listed | $1,749,000 | |
| Listed | |||
| | |||
|
A property like this only comes on the market once or twice a decade. Located on a quiet street with few homes, close to the ocean, the property boasts a spectacular ocean view and is located on a magnificent, over 11,000 sq ft lot, two of the factors that make this property so rare. This one level home features a gorgeous driveway with lush vegetation, pergola and stone entry. Once you are inside this mid-century modern home, one is reminded of some of the mid-century modern homes built by Frank Lloyd Wright. The backyard feels like you are in the park with a wood deck, nestled between the family room and the 4th bedroom. Property has hardwood floors in the living room, copper plumbing, two fireplaces (one in the living room and one and in a family room), an updated kitchen, recessed lights and a charm that is out of this world. The manager has listed the unit size as 2123 square feet.
| |||
| Jul 12, 2017 | Listed by RE/MAX Estate Properties | $1,749,000 | |
| Listed by RE/MAX Estate Properties | |||
Property Highlights
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Torrance
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Currently no similar homes aroundNearby Rentals
Listed by: Igor Nastaskin, RE/MAX Estate Properties
Last Updated: 4 months ago
Data Source: CRMLS, MLS# PV17159009
Last Updated: 4 months ago
Data Source: CRMLS, MLS# PV17159009
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