738 35th Street
About This Property
The bright and light one-level 4 four-bedroom, 3 bathroom home is located on a street-to-alley corner lot in the highly sought-after Tree Section of Manhattan Beach. The main house features a spacious and open floor plan with hardwood floors, a great kitchen with stainless steel appliances, and a cozy fireplace in the living room. The main living area flows perfectly to the large quaint deck and large grassed yard space, which is perfect for entertaining!
IN ADDITION to the main house, there is a charming guest house approximately 1337 square feet above the two-car garage with 2 bedrooms, 1 bathroom, a full kitchen, a spacious living room with high ceilings, a dining room, and inside side-by-side laundry. This makes a perfect place for guests to visit or extended family to live. The outdoor space is ideal for entertaining, each house can have its own separate yard space.
This home is just a short walk to the beach, local shops, and restaurants, making it the ideal beachside retreat.
Don't miss out on this incredible and unique opportunity to own a piece of paradise in Manhattan Beach!
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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 |
|---|---|---|---|
| Sep 16, 2024 | Sold | ||
| Sold | |||
| May 15, 2024 | Listed by Lyon Stahl Investment Real Estate, Inc. | $2,995,000 | |
| Listed by Lyon Stahl Investment Real Estate, Inc. | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017