354 Ocean View Ave
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 |
|---|---|---|---|
| Apr 1, 2026 | Sold | ||
| Sold | |||
| Feb 4, 2026 | In contract | - | |
| In contract | |||
| Dec 11, 2025 | Listed by Berkshire Hathaway HomeServices California Properties | $9,750,000 | |
| Listed by Berkshire Hathaway HomeServices California Properties | |||
| Sep 18, 2025 | Price Decreased |
$9,750,000
↓ $400K
(3.9%) | |
| Price Decreased | |||
| Jun 23, 2025 | Listed | $10,150,000 | |
| Listed | |||
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An extraordinary seaside setting of beauty and privacy awaits, where vast whitewater ocean and sunset views immerse you in coastal splendor, soothing breezes, and the rhythmic sound of the surf. Completely rebuilt in 2005, this exceptional Olde Del Mar home is set on a meticulously landscaped 0.34-acre parcel, sheltered by lush plantings and majestic Torrey Pines. Four sets of Fleetwood doors open to ocean-facing decks, creating a seamless indoor-outdoor environment ideal for entertaining and relaxed coastal living. Architecturally striking wood ceilings and expansive windows enhance the open main-level living areas, which include a dedicated office. The stunning chef’s kitchen, remodeled in 2017, features a large center island with bar seating, walk-in pantry, and abundant cabinetry designed for both style and functionality. Downstairs, three en suite bedrooms—including the ocean-view primary—and a family room offer comfort and flexibility, with each room opening to the exterior. A detached studio, which sits below the two-car garage, connects to the main house via a tranquil turfed yard. The backyard retreat is thoughtfully designed with flagstone patios, an outdoor kitchen/bar with a Lynx barbecue, spa with waterfall, fire pit, and sculpted lawns overlooking the Pacific. A rare opportunity to embrace everyday life by the sea, just minutes from Del Mar’s iconic beaches, scenic trails, and the boutique shopping and dining of The Plaza and Village.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017