23950 MALIBU 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 |
|---|---|---|---|
| Aug 24, 2020 | Sold | ||
| Sold | |||
| May 29, 2020 | Listed by Compass | $18,995,000 | |
| Listed by Compass | |||
| Mar 25, 2020 | No longer available | - | |
| No longer available | |||
| Mar 9, 2020 | Listed | $20,000,000 | |
| Listed | |||
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Completely reimagined & rebuilt custom home built from the sand up. This three-level home is equipped with the highest quality finishes & no expense spared. Quality construction, fully integrated Crestron smart system, & remarkable ocean views from every level. The sophisticated light-infused open-plan layout includes apx. 4,800sf of living space, 1,300sf of ocean view decks, plus a 400sf sand level entry/deck, boat house, & storage. Main level living area flows seamlessly between family room, chef's kitchen, & living room opening onto an ocean view deck spanning the width of the house. On the lower level, a large exercise suite (or bedroom) opens onto another wide deck. The upper level, with very high ceilings, has two family bedrooms, an office/den, plus the spectacular master suite, with one fireplace inside & another outside on the private ocean view deck w/hot tub. With toes in the sand on one of Malibu's most desirable beaches & prime location, this is coastal living at its best. The manager has listed the unit size as 4800 square feet.
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| Oct 4, 2019 | No longer available | - | |
| No longer available | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017