537 3rd Street
About This Property
Enjoy the best of coastal living with easy access to volleyball courts, surfing spots, and scenic walks along the iconic Strand and greenbelt just half a block away. The south-facing property sits on a spacious, large lot, presenting incredible potential for customization-whether you're looking to build your dream home or invest in a rental property in one of Manhattan Beach's most coveted neighborhoods.
This versatile home is perfect for move-in ready living or revitalization projects, offering convenience to award-winning schools, scenic coastal routes, freeways, and local attractions. Don't miss this rare opportunity to own a piece of paradise just minutes from the Manhattan Beach Pier-your dream beach lifestyle awaits!
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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 15, 2025 | Sold | ||
| Sold | |||
| Jun 17, 2025 | In contract | - | |
| In contract | |||
| May 30, 2025 | Listed by RE/MAX of Santa Clarita | $3,299,000 | |
| Listed by RE/MAX of Santa Clarita | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017