1
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29621 Ridgeway Drive
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 |
|---|---|---|---|
| Oct 15, 2025 | Sold | ||
| Sold | |||
| Sep 16, 2025 | In contract | - | |
| In contract | |||
| Aug 15, 2025 | Price Decreased |
$2,799,950
↓ $200K
(6.7%) | |
| Price Decreased | |||
| Jun 26, 2025 | Listed by RE/MAX ONE | $2,999,950 | |
| Listed by RE/MAX ONE | |||
| Feb 27, 2025 | Listed | $3,149,000 | |
| Listed | |||
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Entertainers paradise awaits you in this true 6-bedroom PLUS bonus room Morrison Highlands estate featuring 2 main-level bedrooms, both equipped with en-suite bathrooms. In the past year, the backyard was fully remodeled boasting all new pavers and a reimagined pergola with ceiling fans, sitting area, and built-in barbeque. Yard also features new sod, flowers, plants, irrigation, and lighting. Designer kitchen has Calcutta slab quartz countertops, top of the line appliances including SubZero Refrigerator, Viking Double-Oven, and Viking range. Open floorplan with vaulted ceilings and incredible natural light. Newer dual triple-zoned HVAC systems combined with owned solar allow you to consistently operate comfortably while keeping costs to a minimum. Garage has new epoxy flooring and EV charger. Zoned for award winning Willow Elementary and Agoura High School. Close to multiple large retail centers with 2 grocery stores, 2 convenience stores/pharmacies, and a slew of shops and restaurants. Easy access to the 101 freeway and a quick drive through the canyon to Malibu and local beaches. Don't miss this unique offering. Come check us out!
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About Morrison Estates
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$7,800 /mo
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$7,500 /mo
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017