5556 Palm Drive
About This Property
bedrooms with additional loft/office, living room and top floor media family room with large roof level covered patio terrace. The
private back yard is landscaped with stone pavers, river rock, tall black bamboo & elegant landscape lighting & offers lots of space
for outdoor dining & entertaining. Large side by side 2 car garage. Home is detailed with beautiful real hardwood floors & built-in
surround sound in both the downstairs living room and the top floor media/family room. Kitchen offers upgraded Kitchen Aid
architect series stainless steel appliances, Caesarstone countertops, custom contemporary cabinets in eco-friendly woods, and
kitchen island overlooking open floor plan living room. Master suite offers beautifully upgraded master bath with real marble
countertops, large walk-in marble-surrounded shower and double sinks. Home is equipped with Life Source water
softener/purification system and Whirlpool washer and dryer. 360 South Bay is a beautifully landscaped gated community that
includes everything you need to enjoy the Southern California lifestyle: state-of-the-art fitness center, two heated pools and a
heated spa, sports court, community rooms, dog parks and only minutes to Manhattan Beach, LAX, El Segundo, Playa Vista/Marina
del Rey. Located within the highly rated Wiseburn School District.
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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 |
|---|---|---|---|
| Oct 6, 2021 | No longer available | - | |
| No longer available | |||
| Mar 12, 2021 | In contract | - | |
| In contract | |||
| Feb 14, 2021 | Listed | $1,300,000 | |
| Listed | |||
| | |||
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STYLISH SOUTH BAY HOME! Rare opportunity to own a four-bedroom Terrace home in the gated community of ThreeSixty South Bay! This incredible home features THE must-haves: an open living/dining on main floor, a private south-facing backyard, four bedrooms on the same level, an upper-level media room and terrace, home office space and more! As you enter the home, you will be delighted to find a welcoming living/dining/kitchen, illuminated with natural light, which opens to an impressively landscaped backyard. The contemporary kitchen showcases grey cabinets, stainless steel appliances, Caesarstone countertops, kitchen island with pendant lighting and pantry closet. On the second floor, behold the master bedroom suite with a walk-in custom closet, as well as three guest bedrooms. The upper level’s spectacular media room boasts custom built-in cabinetry and walks out onto a breezy terrace with unobstructed views of Palos Verdes. Dazzling high-end finishes throughout: Hickory hardwood floors, solar shades, smart home features and more! Direct access two-car garage with carport allows parking for 4 cars! Enjoy resort-class amenities found at ThreeSixty South Bay: two magnificent pools, spa, fitness center, dog parks, meditation garden, green space, tot lot, sports court and community rooms. Ideal South Bay location minutes from beaches, entertainment, LAX, Manhattan Beach, Playa Vista, El Segundo and major employers. Located within the distinguished Wiseburn School District. The manager has listed the unit size as 2064 square feet.
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| Jul 17, 2018 | Sold | ||
| Sold | |||
| May 29, 2018 | Listed by Keller Williams Beach Cities | $1,195,000 | |
| Listed by Keller Williams Beach Cities | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017