$5,650,000
●
House -
Off Market
529 Paseo De La Playa
Redondo Beach, CA 90277
4 Beds
2 Baths
3,179 Ft²
$8,131,988
RealtyHop Estimate
40.21%
Since Jul 1, 2020
National-US
Primary Model
About This Property
Perched high on a bluff overlooking the Pacific with panoramic
views from both levels, this property has approx. 120 feet of
beachfront access with a switch-back park-like wide trail,
including hand rails and benches for awesome views from Palos
Verdes to Malibu. This dramatic home is impossible to
duplicate and one of a kind. The two story open floor plan
offers 4 large bedrooms, 3 baths including the master with
private deck, white water views, fireplace, extra closets and en
suite bathroom with separate shower, tub and dual vanities.
The office/4th bedroom on ground level has a private enclosed
patio and full bathroom. The cook's kitchen opens to the
dining area and family room with a large stone fireplace and access
to a beautiful lanai leading to the beach. The extra-large
living room adjacent to the family room has a separate stone
fireplace and patio/beach access. Very private back yard and
ideal for entertaining. The trail is permitted and approved
by the city and coastal commission. Fabulous opportunity to
own at the beach.
Unit Size
3,179 Ft²
Days on Market
5 days
Land Size
0.51 acres
Price per sqft
$1,824
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1962
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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 #SB20112988)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jun 17, 2020 | Sold | ||
| Sold | |||
| Mar 20, 2020 | Listed by Vista Sotheby’s International Realty | $5,800,000 | |
| Listed by Vista Sotheby’s International Realty | |||
Property Highlights
Garage
Fireplace
With View
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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Status
Status
Type
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Baths
ft²
Price/ft²
Price/ft²
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Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Torrance
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Listed by: Hal Licht, Vista Sotheby’s International Realty
Last Updated: 4 months ago
Data Source: CRMLS, MLS# SB20112988
Last Updated: 4 months ago
Data Source: CRMLS, MLS# SB20112988
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