3029 SEQUIT 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 |
|---|---|---|---|
| Feb 6, 2026 | Sold | ||
| Sold | |||
| Jan 22, 2026 | In contract | - | |
| In contract | |||
| Dec 31, 2025 | Listed by Sotheby's International Realty | $1,295,000 | |
| Listed by Sotheby's International Realty | |||
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Nestled in the serene and sought-after El Nido neighborhood of Malibu, this 3-bedroom, 2-bathroom home offers sweeping ocean and mountain views, capturing the very best of coastal California living. Surrounded by natural beauty and a welcoming community, this property provides both tranquility and peace of mind with excellent fire safety features such as underground power lines and strategically placed fire hoses at every other home. Step inside and be greeted by a light-filled kitchen adorned with warm terracotta tile and stainless steel appliances. The main level features an inviting living room with ocean views that a stretch to the horizon, a bedroom that can be used for guests or an office space, and a full bathroom with tub/shower. Downstairs, you'll find the primary bedroom, an additional bedroom, and the second bathroom with a soaking tub, offering comfort and privacy. Each room boasting magnificent ocean views. A charming spiral staircase leads to a bonus nook and access to the outdoor garden space below. An ideal space for quiet reflection or creative inspiration. The property also includes two single-car garages, one of which has been converted into a flexible bedroom or home office, perfect for remote work or artistic pursuits. With hiking trails just steps from your front door and world-renowned beaches only minutes away, this home offers the ultimate blend of mountain serenity and coastal convenience. Whether you're soaking in the views, exploring nature, or simply enjoying the calm of this fire-conscious neighborhood, this property is more than a house, it's a lifestyle. Property requires some work; inspection reports are available for review.
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| Oct 28, 2025 | In contract | - | |
| In contract | |||
| Oct 9, 2025 | Price Decreased |
$1,395,000
↓ $100K
(6.7%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017