12324 Yerba Buena Road
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 |
|---|---|---|---|
| Apr 3, 2026 | Sold | ||
| Sold | |||
| Nov 21, 2025 | Listed by Coldwell Banker Realty | $695,000 | |
| Listed by Coldwell Banker Realty | |||
| Feb 25, 2025 | Listed | $795,000 | |
| Listed | |||
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Create your dream home in this idyllic, tranquil, and private mountain setting. Nestled on just under 18 acres, this exceptional property features a spacious, ready-to-build pad integrated into the hillside, offering over 180 degrees of breathtaking mountain, valley, and ocean views. A picturesque driveway, framed by stately pilasters and landscaped with Agave, Cactus, and Pepper trees, guides you to the future home site. Further up the hill, an additional promontory with a flat pad provides sweeping views of the ocean, Boney Mountain, and the surrounding private and state lands. While the land was impacted by the Woolsey fire in 2018, it was previously home to a 2,800 sq ft residence. The property has been meticulously maintained and is fully equipped with two 10,000-gallon water tanks, a full propane system, a rebuilt and easily accessible septic system, and enhanced drainage throughout. A dedicated land caretaker is available for hire. Conveniently located near numerous hiking trails and just three miles from the Pacific Coast Highway and the ocean, this property offers easy access to Malibu, Ventura, Santa Barbara, and the Conejo Valley. It is the ideal retreat for anyone seeking a peaceful mountain getaway with stunning stargazing opportunities. The property is being sold with renderings to build an approximately 3,300 sq ft two-story home under Ventura County building codes, with the potential for an additional structure if desired. This special Malibu oasis is a rare opportunity to create a unique and personal sanctuary.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017