24
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24216 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 |
|---|---|---|---|
| Sep 17, 2026 | Listed by Carolwood Estates | $6,250,000 | |
| Listed by Carolwood Estates | |||
| May 8, 2026 | Price Decreased |
$6,695,000
↓ $655K
(8.9%) | |
| Price Decreased | |||
| Feb 25, 2026 | Listed by Compass | $7,350,000 | |
| Listed by Compass | |||
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Here is the perfect beach getaway on coveted Malibu Road: skylights, picture windows, full-width deck, and steps to the sand. You'll find sunrise-to-sunset views from here to Catalina, plus great beach-home styling: plank and beam wood ceilings, Saltillo tile floors, and a bright, open layout. Escape, relax, and entertain in true indoor-outdoor Malibu style in this lovely single-level home. A gated courtyard entry offers tantalizing ocean views, and the front door opens to expansive vistas from the living/dining/kitchen great room and the deck just outside. Perfect for comfort and congenial gatherings, the space has a fireplace and a chandelier dining area. French doors open onto the wraparound oceanfront deck, which offers room for entertaining, lounging, and pergola-shaded al fresco dining. The kitchen is lovely and bright, with white tilework, brick detailing, superb appliances, and a huge picture window looking out at the ocean. The home's three bedrooms are light-filled and peaceful, with large windows. Additional features include central heating and air conditioning, an outdoor shower, and a two-car garage. Watch for dolphins, seabirds, and even whales from your deck, or step down to the sand for a morning or evening stroll. This is beachfront living at its best.
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| Mar 10, 2025 | Listed | $7,750,000 | |
| Listed | |||
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Here is the perfect beach getaway on coveted Malibu Road: skylights, picture windows, full-width deck, and steps to the sand. You'll find sunrise-to-sunset views from here to Catalina, plus great beach-home styling: plank and beam wood ceilings, Saltillo tile floors, and a bright, open layout. Escape, relax, and entertain in true indoor-outdoor Malibu style in this lovely single-level home. A gated courtyard entry offers tantalizing ocean views, and the front door opens to expansive vistas from the living/dining/kitchen great room and the deck just outside. Perfect for comfort and congenial gatherings, the space has a fireplace and a chandelier dining area. French doors open onto the wraparound oceanfront deck, which offers room for entertaining, lounging, and pergola-shaded al fresco dining. The kitchen is lovely and bright, with white tilework, brick detailing, superb appliances, and a huge picture window looking out at the ocean. The home's three bedrooms are light-filled and peaceful, with large windows. Additional features include central heating and air conditioning, an outdoor shower, and a two-car garage. Watch for dolphins, seabirds, and even whales from your deck, or step down to the sand for a morning or evening stroll. This is beachfront living at its best.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017