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24818 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 29, 2026 | Listed by Compass | $17,450,000 | |
| Listed by Compass | |||
| Jul 8, 2025 | Listed | $19,995,000 | |
| Listed | |||
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Completely remodeled contemporary oceanfront home done by Babineau Construction on world-renowned Malibu Rd. The house sits on a rare 60 feet of ocean frontage. With sweeping coastline and island views, this 4 bedroom, 4.5 bathroom home is designed with thoughtful attention to detail throughout. The interior features custom white oak cabinetry and plastered walls. The open plan living room and dining room include a bespoke separate bar area. The extensive primary suite runs the length of the home and includes a large bathroom, and expansive walk-in closet. The 60-foot deck that stretches along the soft sand of Malibu Rd is an entertainer's dream. There is dedicated surfboard storage and outdoor shower. This prime Malibu location is close by to SoHo house and Nobu, and just a short drive to Santa Monica.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017