24752 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 |
|---|---|---|---|
| May 20, 2020 | Sold | ||
| Sold | |||
| Feb 20, 2020 | Listed by Compass | $11,995,000 | |
| Listed by Compass | |||
| Oct 4, 2019 | No longer available | - | |
| No longer available | |||
| Aug 21, 2019 | Listed | $12,995,000 | |
| Listed | |||
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Three levels of sleek architectural serenity on the beach with non-stop ocean views from main living areas and all bedrooms. Beautiful, open living and dining area awash in light and ocean views from a wall of windows. Glass doors open onto full-width ocean-view deck. Gorgeous gourmet kitchen with island, black granite countertops, high-end appliances, stunning mahogany-finished cabinetry. Powder room also on this level. Entire upper floor is exceptionally private owner's retreat with high ceilings, fireplace, huge closet with built-ins; spa-style bathroom with marble floors, six-headed shower, spa tab; private ocean-view deck; and large media room with skylight. Lower level has two bedrooms that share an ocean-view deck, plus large laundry room and storage room. Additionally, there is a two-car garage and secure access to steps that descend to beach. This impressive and immaculate contemporary beach residence embodies the very best of the Malibu lifestyle. The manager has listed the unit size as 3826 square feet.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017