533 3rd Street
About This Property
If you've been waiting for the perfect location, your opportunity has arrived. Nestled in the highly sought-after Sand Section of Manhattan Beach, this charming 3-bedroom, 2-bathroom beach home is just a short stroll to the white sandy beach and the sparkling Pacific Ocean. Enjoy the best of coastal living with easy access to everything Manhattan Beach has to offer.
Take a morning jog or a peaceful walk along the scenic greenbelt just half a block away, or wander down the iconic Strand and soak in the ocean views. This south-facing home is filled with charm and character-you might just fall in love at first sight.
Situated on one of the larger lots this close to the beach, the property offers incredible potential. Build your dream home on a spacious street-to-street lot, or enjoy the existing home while you plan your future build. It's also a fantastic opportunity to generate rental income in a highly desirable area.
Live just minutes from the Manhattan Beach Pier, boutique shops, and top-rated restaurants. You're also located near award-winning schools, including Robinson Elementary, and have convenient access to freeways and scenic coastal routes.
Don't miss this rare chance to own in one of the most coveted neighborhoods in Manhattan Beach!
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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 |
|---|---|---|---|
| Jul 3, 2025 | Sold | ||
| Sold | |||
| Jun 5, 2025 | In contract | - | |
| In contract | |||
| May 29, 2025 | Listed by Jensen Realty | $2,899,000 | |
| Listed by Jensen Realty | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017