5440 Strand #401
About This Property
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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 | |||
| | |||
|
BREATHTAKING VIEWS!! Magnificent in proportion and unstinting in luxury. This quintessential, luxuriously appointed 2 bedroom penthouse-style condo is created for living & entertaining on a grand scale. Only a limited number of condos here at the Three Sixty have this highly-coveted floorplan. Imbued with sophistication and style, this single-level, top-floor corner unit sits in a resort-like designed community without compromise of taste or quality. Park-like grounds, sports court, pet-friendly parks, gorgeous pool, lap pool, spa, BBQ area, WIFI-enabled community rooms and separate fitness facility are but a few tokens that add to the beauty and livability of this residence. Exquisitely designed with impeccable taste, this home boasts: a large island & breakfast bar; espresso shaker cabinets; neutral-toned mosaic backsplash; whirlpool stainless steel appliances; ceramic tile in living areas; engineered oak hardwood flooring in bedrooms; Hunter Douglas window treatments; nest thermostat; 2-car tandem garage and MORE!! SPECTACULAR MOUNTAIN, CITY & POOL VIEWS! VIEWS!...seamlessly grace this home. Don't miss this rare opportunity to own a unique masterpiece, within close proximity to LAX, Manhattan Beach, Restaurants, Shopping, Entertainment and of course the recognized Wiseburn School District!! Live the life you've always dreamed of in modern elegance and style at the highly sought-after Three Sixty-South bay! PROP PHOTOS COMING SOON! The manager has listed the unit size as 1528 square feet.
| |||
| Oct 19, 2018 | Sold | ||
| Sold | |||
| Sep 13, 2018 | Listed by Douglas Elliman of California, Inc. | $839,000 | |
| Listed by Douglas Elliman of California, Inc. | |||
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