6
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3040 Gibraltar 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 |
|---|---|---|---|
| Oct 24, 2026 | Listed by Alliance Bay Realty | $3,999,999 | |
| Listed by Alliance Bay Realty | |||
| Mar 17, 2023 | No longer available | - | |
| No longer available | |||
| Feb 11, 2023 | In contract | - | |
| In contract | |||
| Jan 3, 2023 | Listed by Coldwell Banker Greater Valleys | $2,200,000 | |
| Listed by Coldwell Banker Greater Valleys | |||
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Just out of foreclosure. REO. Lender owned. New Construction not completed on the main Estate Home (approximately 4300 sq. ft per builder). Main Home is 5 BR / 4.5 BA per seller. The guest house is fenced and has construction containers on the property, also is a fixer 1 + 1 and built in 1982 and is 1,296 sq. feet. per tax assessor. It is currently renting month to month. One of the highest Homes in the Hills with STUNNING OCEAN VIEWS OF SANTA BARBARA, THE COASTLINE, HARBOR AND CITY LIGHTS! This is a once in a lifetime opportunity for the right buyer. The builder ran out of money during Covid restrictions and could not complete the Buildout. Bring your builder or we have Cost Breakdowns and estimates to complete the project and the Builder would love to help complete it. Main house 2 car garage to be built and there's parking for 4 additional cars. Guest house parking driveway can also fit up to 4 cars. The manager has listed the unit size as 5296 square feet.
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| Dec 12, 2022 | No longer available | - | |
| No longer available | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017