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2408 Ocean Drive
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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%.
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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 |
|---|---|---|---|
| Jul 22, 2026 | Sold | ||
| Sold | |||
| Jun 23, 2026 | In contract | - | |
| In contract | |||
| Apr 30, 2026 | Price Decreased |
$2,275,000
↓ $220K
(8.8%) | |
| Price Decreased | |||
| Oct 28, 2025 | Listed by Coldwell Banker Realty | $2,495,000 | |
| Listed by Coldwell Banker Realty | |||
| Jun 16, 2025 | Listed | $2,495,000 | |
| Listed | |||
| | |||
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Oceanfront Escape | Unmatched Views | Fully Furnished Coastal Showpiece
Welcome to your ultimate beachside dream — a rare, three-story stunner with unobstructed ocean views in one of Southern California’s best-kept secrets: Silver Strand Beach in Ventura County. Just over an hour from LA and tucked between Malibu and Santa Barbara, this hidden gem delivers the charm of a laid-back surf town with none of the crowds.
Located just steps from the sand, this architectural retreat offers panoramic views of the Pacific Ocean and Channel Islands Harbor from nearly every room — plus two expansive rooftop decks where golden sunsets, stargazing, and ocean breezes are daily rituals.
Inside, the first floor features two generous bedrooms, a full bath, and a flexible bonus room that can serve as a fourth bedroom, office, or media lounge. The second level is the heart of the home — boasting soaring ceilings, sun-drenched windows, and an open-concept layout that brings the ocean inside. The living room centers around a cozy fireplace and opens to a huge balcony with stunning water views. Cook and entertain in your gourmet kitchen featuring granite counters, stainless appliances, a walk-in pantry, and formal dining with a coastal backdrop.
The oversized primary suite includes a spa-style bath and a walk-in closet so large it could be its own room. Upstairs, the third-floor loft can easily be turned into a 5TH bedroom and is built for fun — complete with a second fireplace, wet bar, ¾ bath! Step outside to two rooftop decks offering 360° views from the ocean to the mountains.
Bonus features include: a 2-car garage, hand-laid brick driveway with space for 4+ cars or an RV (a beachside rarity), and luxury furnishings included — just bring your toothbrush.
Silver Strand offers direct access to paddleboarding, harbor dining, beachfront walks, local cafés, and a tight-knit, friendly vibe you won’t find in tourist-heavy beach towns.
This is more than a home — it’s a lifestyle. A rare chance to own one of the most iconic homes in the area. Come see why Silver Strand is California’s best-kept coastal secret.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017