Catalina Island ~ Hamilton Cove ~ 91 Playa Azul. Spectacular,
unobstructed panoramic ocean view from this highly desirable 2
bedroom, 2 bathroom end-unit condominium. Approximately 1,030 sq.
ft., built in 1988, updated and remodeled. Only 24 steps to the
unit and ideally located close to the clubhouse and HOA
amenities.
The open living area takes full advantage of the beautiful ocean
view, creating an exceptional setting for relaxing, entertaining or
working remotely. The end-unit is desirable and provides additional
privacy. The property also has a successful history as a short-term
rental.
Hamilton Cove is a private gated oceanfront community offering a
gated entrance with attendant, swimming pool, hot tub, clubhouse,
fitness center, 18-hole putting course, tennis courts, beach areas,
boat launch and storage yard. Catalina Island offers hiking,
diving, snorkeling, golf, pickleball, boating and offshore
fishing.
This opportunity won't last long. Seize the day and make this condo
your slice of paradise!
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.
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