5540 Strand #201
About This Property
The manager has listed the unit size as 957 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%.
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 |
|---|---|---|---|
| Apr 21, 2026 | Sold | ||
| Sold | |||
| Apr 4, 2026 | In contract | - | |
| In contract | |||
| Mar 11, 2026 | Listed | $699,000 | |
| Listed | |||
| |||
|
SINGLE LEVEL LUXURY! Welcome to 5540 Strand #201 – an exceptional condo offering a contemporary and convenient lifestyle located in the highly desired "Flats" within the ThreeSixty at South Bay Community. Spanning approximately 957 square feet, this thoughtfully designed home boasts modern comforts and stylish finishes throughout. The spacious condo provides an abundance of living space, an intelligent use of space and plenty of storage. Some of the best features include a large walk-in closet, private balcony and large bath. The bedroom area has some custom partitions to separate the space from the living area. Additional features include in-unit washer and dryer, air conditioning, a private one car garage for your convenience. The building has secured access and there is an elevator to service all floors. Being a resident at 360 offers unmatched lifestyle - take advantage of the the incredible amenities including two heated pools, spa, gym, sports court, green space and on-site barbecue area for outdoor gatherings. You can also relax in any of the three community rooms or rent out for private gatherings with your friends! Don’t miss this opportunity to enjoy the best of SoCal living in ThreeSixty At South Bay. HOA fee includes water, trash, elevator service, insurance, all amenities, community management and security. With convenient features and luxurious amenities, this stunning home is ready for you to move in and start creating memories! Schedule your private showing today!
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| Jul 21, 2022 | No longer available | - | |
| No longer available | |||
| Jun 18, 2022 | In contract | - | |
| In contract | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
03/11/2026
|
1 Bed
|
1 Bath
|
957 ft²
|
$699,000
1 Bed
1 Bath
957 ft²
|
$725,000
+3.72%
04/21/2026
|
Holly Danna
Douglas Elliman of California, Inc.
| |
|
03/08/2022
|
1 Bed
|
1 Bath
|
957 ft²
|
$785,000
1 Bed
1 Bath
957 ft²
|
-
-
|
Matthew Barry
eXp Realty of California Inc
| |
|
05/06/2021
|
1 Bed
|
1 Bath
|
957 ft²
|
$650,000
1 Bed
1 Bath
957 ft²
|
-
-
|
-
| |
|
02/12/2015
|
2 Bed
|
2 Bath
|
1570 ft²
|
$649,000
2 Bed
2 Bath
1570 ft²
|
$643,750
-0.81%
03/31/2015
|
Justin Miller
Beach City Brokers
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017