700 John
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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 |
|---|---|---|---|
| Sep 19, 2024 | Listed by Chris Broadhurst | $10,000,000 | |
| Listed by Chris Broadhurst | |||
| Dec 8, 2023 | No longer available | - | |
| No longer available | |||
| Aug 2, 2023 | Listed by Vista Sotheby's International Realty | $9,999,000 | |
| Listed by Vista Sotheby's International Realty | |||
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A rare opportunity to have it all in Manhattan Beach. Located on prestigious John Street on the front side of the Hill section and perched on one of the highest points in the area with panoramic, unblockable ocean views, this expansive property is a gem. Currently it is a 6 bedroom traditional home with spacious square footage and a massive back yard. The future prospect of this property is especially unique as it is almost 10,000 square feet of flat, usable space and is "street to alley", which is highly desirable and few and far between on properties in Manhattan Beach. It is elevated from the street providing privacy and faces south and west, maximizing natural light. The current home was designed with family in mind, with a large family room, great room and living room with high vaulted ceilings giving the home an open flow. The yard is so large, and gets your mind thinking about all the possibilities... a pool and spa with a water slide or a regulation pickle ball court. Yet heading into the future even more, this site would be the ultimate location to build your own custom dream home. The true chance to have it all, and check ALL the boxes! This purchase can include approved plans by the award winning KAA Design Group. The plans are for a total 7.200 sq. ft home and garage with epic ocean and Palos Verdes views which would be experienced on both the first and second levels. Privacy, views and light are the main components in the exquisite warm contemporary floorplan. New home design includes 5 bedrooms, family room, wellness center with sauna, cold plunge & pool lounge where you can experience the best of indoor outdoor living. This A+ location, views and lot size of this caliber are extremely rare. A true opportunity to HAVE IT ALL in the Hill section in Manhattan Beach! The manager has listed the unit size as 4770 square feet.
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About Hill Section
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017