5567 Palm Drive
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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.
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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 7, 2021 | No longer available | - | |
| No longer available | |||
| Jul 3, 2021 | In contract | - | |
| In contract | |||
| Jun 1, 2021 | Listed by eXp Realty of California Inc | $1,429,000 | |
| Listed by eXp Realty of California Inc | |||
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IT IS TIME!! ... Very rarely do properties come on the market and quite literally take your breathe away but this Plan 2 Terrace is one of them! Situated in perhaps one of the best locations in the community, on the highly coveted Palm Drive, this 4 bedroom detached townhome is one of the best homes to ever hit the market in 360 South Bay! Walk in from your direct access garage to find the most elegantly upgraded kitchen and living area you've seen in recent memory. Beautiful hardwood floors line the room as you find an upgraded kitchen with the most incredible modern vibe. With cabinet space lining the walls, a walk in pantry, and full size island finished with the most beautiful stone, this kitchen area is perfect for entertaining and hanging out with friends/family. Off of the living room, in this open concept unit, is a backyard to die for! Fully grown trees encapsulate this yard to form your own private oasis right here in 360 South Bay. Edison string lights will create a warm ambience as you walk into your private yard (largest in the community) complete with green space, patio, garden - perfect for kids/pets/BBQ. A powder room rounds off the main floor. Enter the 2nd level to find three amazing guest bedrooms, a full bathroom and a master ensuite awaiting your arrival across the hallway featuring a full ensuite with a sit-in shower and walk in closet!! You'll find a private laundry room as you walk up the stairs to the BEST part of the home...the Terrace. This 3rd level is the star of the show in this home, the 'Terrace' ... This Terrace is a massive multi-functional entertainment room can accommodate almost any purpose you have for it. Indoor/outdoor living is the name of the game as you find a private & shaded oversized balcony just for you! Nothing was missed in this home. This unit comes complete with epoxied garage floors and completely paid off solar panels! If that wasn't enough though, remember that you are in one of the most luxurious gated communities in all of LA complete with two heated pools, hot tub, fitness center, dog parks, security, playground, BBQ, billiards/meeting/recreation room, and SO much more! Located in the highly desirable award-winning Wiseburn School District, you're just a stones through away from LAX, world famous beaches, sitting directly between Downtown LA and Long Beach with direct access to the 405/110/105 freeways! This is one of the best units to ever hit the market in 360 South Bay .... come check it out! The manager has listed the unit size as 2064 square feet.
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| Aug 31, 2017 | Sold | ||
| Sold | |||
| Jul 9, 2017 | Listed | $1,149,000 | |
| Listed | |||
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Large single family home in the highly desirable 360 South Bay community with 3 bedrooms, 2.5 bath, bonus room & 3rd floor family room. Built in 2014, this gorgeous home has numerous upgrades including European oak flooring throughout the first floor, recessed lighting, dual pane windows & central A/C. The 1st level has an open living & dining area with a well-appointed kitchen including quartz countertops, marble backsplash & high quality stainless steel appliances. There is direct access from the 1st level to a 2-car garage with enough space outside to park 2 extra vehicles. Outside you will find a spacious private backyard with a concrete paver patio & lush landscaping. The 2nd level has 3 bedrooms, 2 full bathrooms, full laundry room, and a spacious bonus room that could easily be converted into a fourth bedroom. Master bath has tile flooring, a quartz countertop, limestone backsplash & a tiled shower with a built-in bench, while guest bath has tile flooring, a mosaic tile backsplash & a tiled shower. The 3rd floor is an incredible entertaining area with a large family room that connects to a partially covered rooftop deck with views of PV. 360 South Bay is a beautifully landscaped gated community with incredible amenities, including two heated pools, hot-tub, gym, sports courts, billiard & wine rooms, kids park & two dog parks. This home provides easy access to LAX & the beaches. Highly rated Wiseburn School District including Da Vinci Charter Schools.The manager has listed the unit size as 2064 square feet.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017