24575 Piuma Road
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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 |
|---|---|---|---|
| Feb 18, 2025 | Sold | ||
| Sold | |||
| Jan 4, 2025 | Listed by Land & Real Estate Investments | $299,000 | |
| Listed by Land & Real Estate Investments | |||
| Mar 14, 2023 | Listed by Land & Real Estate Investments | $499,000 | |
| Listed by Land & Real Estate Investments | |||
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Rare 6.5 acre Malibu lot with ocean views, and valley and snow capped mountain views. Motivated seller has priced this to sell. Located on Paved Piuma Rd close to the Saddlepeak community. Power is in the street, and water is close by. This property had approved plans and coastal permit in the 1990's for nearly 6000 sq ft of home. All of the old reports and records are available. The driveway and building areas were cleared in the 1990's but have since overgrown. We will have them cleared again when the rain stops. Submit on price, owner financing, escrow. We will make a deal.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017