26
Map
1041 Marine Drive
About This Property
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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 |
|---|---|---|---|
| May 21, 2025 | Price Increased |
$18,800,000
↑ $300K
(1.6%) | |
| Price Increased | |||
| May 19, 2025 | Listed by Plus Real Estate | $18,500,000 | |
| Listed by Plus Real Estate | |||
| Oct 14, 2020 | Sold | ||
| Sold | |||
| Mar 21, 2019 | Listed by Coldwell Banker Realty | $8,990,000 | |
| Listed by Coldwell Banker Realty | |||
| | |||
|
Great opportunity to own an oceanfront lot with steps* to the sand below. This parcel was previously on the "historical" property list, but has now been excluded. This means that the owner is free to design and construct a home of his/her choosing, subject to the normal City of Laguna Beach Design and Review Committee review. Initial guidance is that a 3500 square foot footprint would be allowed (perhaps split level terracing down the gentle slope). Please note the existing development of neighboring properties.
* Subject to recordation of a joint use steps easement with neighbor.
| |||
| Mar 2, 2019 | No longer available | - | |
| No longer available | |||
Property Highlights
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017