3248 Ocean 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 |
|---|---|---|---|
| May 21, 2026 | Sold | ||
| Sold | |||
| Apr 23, 2026 | In contract | - | |
| In contract | |||
| Mar 19, 2026 | Listed by RE/MAX Gold Coast-Beach Office | $1,350,000 | |
| Listed by RE/MAX Gold Coast-Beach Office | |||
| Sep 22, 2025 | Listed | $1,500,000 | |
| Listed | |||
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Location ........ Location ...... and then Location, in that order! Walk across the street to the Beach, Hollywood Beach that is! This property is located South of Santa Barbara and North of Malibu, with Channel Islands Harbor right around the corner, so why not make this an income-producing property or your little weekend getaway for biking, fishing and other water sports. No HOA and the property does include Beach rights and Ocean access.
Huge upside potential on this 2613' sq ft lot, to go up and back for it's Highest and Best use. Come see this charming, single family updated modern beach cottage with 3 bedroom and 1 bath, dual glazed windows, luxury vinyl plank flooring throughout the house, along with a peek-a-boo ocean view. The Kitchen is features stainless steel appliances, a built in refrigerator, a washer/dryer combo, along with two (2) Skylights for Natural light and some additional ventilation and a side door from the Kitchen for an additional entry / exit point. It also has a small enclosed courtyard backyard for privacy, a rooftop deck above the garage with a for stargazing or just relaxing. The front of the property had a large area done with pavers which can accommodate 3-4 cars. Property has a Golf Cart garage, large enough for all your toys, scooters, bicycles and / or hanging surfboards / kayaks. Come see what you are missing out on and make this your next home or even your 2nd home. Price includes all existing furniture. Will consider carrying paper for 2-3 years with 50% down.
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Property Highlights
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Price/ft²
Listed On
Sold On
About Hollywood
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017