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3124 Ocean Drive
About This Property
Step inside to an inviting layout designed for modern living:
• Downstairs features a spacious family room perfect for relaxing, a formal living room for gatherings,two comfortable bedrooms sharing a full bath-ideal for guests, family, or multi-generational setup.
• Upstairs hosts the luxurious primary bedroom suite with its own private balcony showcasing those mesmerizing ocean views, plus an additional half bath for convenience.
The crown jewel is the expansive third-floor rooftop deck - your personal oasis for morning coffee, evening cocktails, or hosting unforgettable sunset parties with unobstructed views of the sparkling ocean and dramatic skies.
Outside, enjoy year-round entertaining:
• A charming front yard with fire pit for cozy gatherings under the stars.
• A fully fenced backyard offering privacy and space to play or unwind.
• Two-car garage plus guest parking for easy access.
This home delivers true California dream living-close to beaches, dining, and trails-while providing the seclusion and wow-factor of elevated ocean panoramas. Whether you're sipping wine on the rooftop as the sun dips below the horizon or relaxing by the fire pit with friends, every moment feels magical.
Don't miss this rare opportunity to own a slice of coastal paradise!
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Cap Rate Calculator
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 |
|---|---|---|---|
| Jun 16, 2026 | Sold | ||
| Sold | |||
| May 17, 2026 | In contract | - | |
| In contract | |||
| Mar 17, 2026 | Price Decreased |
$2,200,000
↓ $190K
(8%) | |
| Price Decreased | |||
| Feb 20, 2026 | Price Decreased |
$2,390,000
↓ $200K
(7.7%) | |
| Price Decreased | |||
| Jan 18, 2026 | Listed by Equity Union | $2,590,000 | |
| Listed by Equity Union | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017