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30746 Principio Drive
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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 7, 2024 | In contract | - | |
| In contract | |||
| Jun 14, 2024 | Listed | $2,295,000 | |
| Listed | |||
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First time on the market in over 60 years! Fantastic mid century located in Malibu West, one of Malibu's best neighborhoods with Malibu West Beach Club rights, tennis courts and close to Trancas Shopping Center. This one story has been loved and maintained by the its original owner and exudes a classic charm awaiting a modern touch of updates to unleash its full potential. Embrace the opportunity to transform this mid-century gem into your own haven.
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About Western Malibu
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017