3380 SWEETWATER MESA 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 |
|---|---|---|---|
| Dec 15, 2021 | No longer available | - | |
| No longer available | |||
| Oct 14, 2021 | In contract | - | |
| In contract | |||
| Oct 6, 2021 | Relisted | $7,995,000 | |
| Relisted | |||
| Oct 5, 2021 | In contract | - | |
| In contract | |||
| Aug 23, 2021 | Listed by Pinnacle Estate Properties | $7,995,000 | |
| Listed by Pinnacle Estate Properties | |||
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This home in Serra Retreat is located on one of the most desirable and exclusive streets in all of Malibu. Sweetwater Mesa has sweeping coast line ocean views with 24 hour guard gated security. Final permits expected in the Fall of 2022 for a stunning Modern Architectural Estate. 6,240 square feet of living space, 5 bedroom main house, 1 bedroom guest house, gym, screening room and 50 foot ocean view infinity pool. Lush landscape and completely gated for privacy. Current home could be remodeled and offers 7 bedrooms, 5 baths, pool and 3 car garage. Property is leased until mid November but can be shown with 24 hour notice. Homes on this street rarely become available. The manager has listed the unit size as 3562 square feet.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017