24844 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 |
|---|---|---|---|
| Nov 30, 2025 | Listed | $12,000,000 | |
| Listed | |||
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Introducing Populis, an exclusive new membership that includes partial economic ownership and access to incredible properties, including this architecturally significant Tadao Ando-designed oceanfront residence in Malibu, formerly owned by Ye and one of only a handful of Ando homes in the United States. This is not a traditional whole-asset sale. It is a private, membership-driven opportunity designed for buyers seeking exposure to blue-chip real estate without assuming full ownership, management, or renovation responsibility. Populis members can purchase SmartDeeds, digital contracts that document their interest in the property program. This property is being restored using high end artists and artisans. Members gain priority access to curated information, on-property experiences and restoration updates, as well as a wide array of networking and educational opportunities. Members also get to participate in real economic upside upon clearly defined exits, like sale or buyback. Populis is creating a curated portfolio of architecturally significant, design-driven properties along the West Coast and beyond. This is a rare opportunity to participate in a modernized, next-generation model of luxury real estate access centered around transparency, design excellence, and long-term value. Come join Populis and AD100 firm Marmol Radziner, Ando's executive architect and original general contractor on an unprecedented journey on this first Populis offering. Further, you'll get a complete education on the restoration of a portfolio of properties, learning how to upgrade them to maximize profit on resale, including our list of fully vetted professionals. Finally, you get a unique opportunity to buy an economic interest in properties Populis is purchasing for membership, or for restoration and sale. These are particularly interesting because you purchase them at a discount to market value, profiting when there is a sale.
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| Aug 14, 2025 | Relisted | $34,900,000 | |
| Relisted | |||
| Aug 14, 2025 | Price Decreased |
$34,900,000
↓ $4M
(10.5%) | |
| Price Decreased | |||
| Mar 24, 2025 | Listed | $39,000,000 | |
| Listed | |||
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An architectural tour de force and only one of the few private homes in the United States designed by the renowned Pritzker Prize-winning Japanese architect, Tadao Ando. Best known for his minimalist structures and his assured use of reinforced concrete, Ando's trademark design of "smooth-as-silk" concrete is wholly present in the structure and surface of the home. Constructed of approximately 1,200 tons of concrete, 200 tons of steel reinforcement, and 12 massive pylons driven more than 60 feet into the sand, the structure is an everlasting beacon of permanence on California's coastline. AD100 architecture firm Marmol Radziner, the executive architect and general contractor on the original build which sold for $57 million, has been commissioned to restore the architectural specifications of the property with modern mechanical and technological upgrades. The home spans +/- 4,000 sq. ft. of interior space and approximately 1,500 sq. ft. of outdoor decks with ocean views from every room. Natural light is used creatively throughout the space, another signature of Ando, to manipulate a warm feeling throughout the building and harmonize with its natural surroundings. Thoughtfully located on the prestigious and quiet Malibu Road, with easy access and close proximity to the finest restaurants, shopping, and entertainment in all of Malibu. An exceedingly rare architectural achievement that should be seen as a masterful work of art, rather than just a residence.
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| Sep 26, 2024 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017