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4308 Crest Drive
About This Property
Complementing the main home is an attached 2-bedroom, 1-bathroom unit which ideal for guest accommodations or flexible living options. Rich in history and full of character, this property offers a rare chance to own a piece of Manhattan Beach's past while capitalizing on its future upside. Just moments from the sand, downtown, and award-winning schools, the location is second to none. Positioned at the northern edge of the city, this area provides quicker access to Los Angeles, LAX, and Silicon Beach, making it especially attractive for high-level professionals who want a beach lifestyle without sacrificing convenience. Just steps away is one of Southern California's most iconic surf breaks-drawing surfers and beach lovers year-round. The Strand here feels a bit more relaxed, offering space, scenery, and that classic California beach energy without the heavier foot traffic of downtown. It's the sweet spot between coastal living and city connectivity. A true legacy opportunity-properties like this rarely come available.
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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 20, 2026 | In contract | - | |
| In contract | |||
| Sep 3, 2026 | Price Decreased |
$3,450,000
↓ $45K
(1.3%) | |
| Price Decreased | |||
| Jul 23, 2026 | Price Decreased |
$3,495,000
↓ $200K
(5.4%) | |
| Price Decreased | |||
| May 19, 2026 | Listed by eXp Realty of California Inc | $3,695,000 | |
| Listed by eXp Realty of California Inc | |||
| Apr 16, 2026 | Relisted | $3,995,000 | |
| Relisted | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017