5440 Strand #401
About This Property
The manager has listed the unit size as 1528 square feet.
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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%.
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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 |
|---|---|---|---|
| Oct 6, 2021 | No longer available | - | |
| No longer available | |||
| Apr 16, 2021 | In contract | - | |
| In contract | |||
| Mar 22, 2021 | Listed | $950,000 | |
| Listed | |||
| Oct 19, 2018 | Sold | ||
| Sold | |||
| Sep 13, 2018 | Listed | $839,000 | |
| Listed | |||
| | |||
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TOP FLOOR LUXURY WITH UNOBSTRUCTED PANORAMIC MOUNTAIN VIEWS! Spectacular Northeast facing corner unit with incredible skyline / mountain views from all vantage points in the living areas and bedrooms. At just over 1,500 sq. ft, this single-level Flat Plan 7 is quite spacious and rarely resold. Featuring two balconies: one off the master bedroom and the other off of the living area. Ideally designed to provide privacy, with the guest and master bedrooms and baths located on opposite sides of the living area. The kitchen showcases a large island and breakfast bar, espresso shaker cabinets, neutral-toned mosaic backsplash, Whirlpool stainless steel appliances and light Mocha colored Quartz countertops. Nice upgrades can be found throughout the home: ceramic tile in living areas, engineered Oak hardwood flooring in bedrooms, Hunter Douglas window treatments, Minka Aire ceiling fans, Nest Learning Thermostat and more. A 2-car tandem garage, with direct access to the lobby area is equipped with SafeRacks and has additional room for storage. Ideally located minutes to LAX, Manhattan Beach, El Segundo, Silicon Beach, Playa Vista, The Point, restaurants, nightlife and 4 miles to the beach! Enjoy resort-class amenities found at 360 South Bay: two magnificent pools, spa, fitness center, two dog parks, meditation garden, green space, tot lot, sports court and community rooms. Located within the distinguished Wiseburn School District and home to the newly opened Wiseburn High School.
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Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
10/26/2021
|
2 Bed
|
2 Bath
|
1662 ft²
|
$975,000
2 Bed
2 Bath
1662 ft²
|
-
-
|
Holly Danna
Douglas Elliman of California, Inc.
| |
|
03/22/2021
|
2 Bed
|
2 Bath
|
1528 ft²
|
$950,000
2 Bed
2 Bath
1528 ft²
|
-
-
|
-
| |
|
09/13/2018
|
2 Bed
|
2 Bath
|
1528 ft²
|
$839,000
2 Bed
2 Bath
1528 ft²
|
$890,000
+6.08%
10/19/2018
|
Holly Danna
Douglas Elliman of California, Inc.
| |
|
10/27/2017
|
1 Bed
|
1 Bath
|
957 ft²
|
$569,000
1 Bed
1 Bath
957 ft²
|
$585,000
+2.81%
11/28/2017
|
Derek Hirano
Keller Williams South Bay
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017