17
Map
2535 S Foose Road
About This Property
The property includes an existing architectural concept plan for a custom residence, along with prior survey work, a biological resources assessment, and city review history, providing a valuable head start for future planning and development. Buyers are encouraged to verify all development potential, approvals, and permitted uses with the appropriate governmental agencies.
Located approximately four miles from Pacific Coast Highway, the property offers privacy while remaining conveniently accessible. A private water well will be required, similar to neighboring properties.
Whether envisioning a luxury estate or a peaceful retreat immersed in nature, this remarkable parcel offers the opportunity to create a one-of-a-kind property in the heart of Malibu.
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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 20, 2026 | Price Decreased |
$398,000
↓ $92K
(18.8%) | |
| Price Decreased | |||
| Aug 20, 2026 | Price Decreased |
$490,000
↓ $100K
(17%) | |
| Price Decreased | |||
| Jun 24, 2026 | Listed by eXp Realty of Greater Los Angeles, Inc. | $590,000 | |
| Listed by eXp Realty of Greater Los Angeles, Inc. | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017