60
Map
1505 Ocean 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 |
|---|---|---|---|
| Sep 10, 2026 | Price Decreased |
$3,490,000
↓ $100K
(2.8%) | |
| Price Decreased | |||
| Sep 3, 2026 | Price Decreased |
$3,590,000
↓ $100K
(2.7%) | |
| Price Decreased | |||
| Aug 10, 2026 | Listed by Equity Union | $3,690,000 | |
| Listed by Equity Union | |||
| May 27, 2020 | Sold | ||
| Sold | |||
| Feb 26, 2020 | Listed by Keller Williams West Ventura County | $1,550,000 | |
| Listed by Keller Williams West Ventura County | |||
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Ventura County has found permit violations and requires major renovation to remedy. Priced to reflect condition. Call agent with any questions or for the list. Buyer to investigate permitting, use, square footage & condition. Incredible opportunity to make this Silverstrand Beach home your very own. Directly on the sand with amazing views of the ocean and islands from each level. Lowest price home on the beach side of the street. Don't miss your chance to live here! This home has four bedrooms, updated kitchen with granite counters and stainless appliances, two game rooms, two fireplaces and more! Plenty of places to relax indoor and outdoor with two family rooms, beach front patio and upstairs master sitting area. Paver tile floors and wood accents, ocean view from master bath. This could be your chance to customize this home and live the beach life you've always desired. There's a possibility a lender may not loan on this, check with lender on permit violations. List available upon request. Broker and Broker's agent do not represent or guarantee square footage, bedroom/bathroom count, lot size or lot dimensions, permitted or non-permitted space or renovations. It is Buyers' sole responsibility to perform investigations,
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017