848 Prospect Avenue
About This Property
Impeccable Hermosa Beach Home has a Spacious Open Kitchen with lots of built in Storage and Pantry. Stainless Steel Appliances with Double Electric Oven and 5 Burner Gas Stove and Granite Counters.
Beautiful Fireplace in Open Living Room with Vaulted Ceilings and Built in Speakers. Tree top view walk out Deck. Large Grand Master Suite with plenty of closet space and Balcony overlooking the back patio. Large attached garage with direct access into the home and lots of built in storage cabinets. Close to Schools, Shopping, Restaurants and the 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 |
|---|---|---|---|
| Jun 16, 2015 | Sold | ||
| Sold | |||
| Mar 1, 2015 | Listed by NWRE Brokers | $1,399,000 | |
| Listed by NWRE Brokers | |||
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About Hermosa Beach
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017