3740 Ocean Drive
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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%.
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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 |
|---|---|---|---|
| Sep 2, 2023 | No longer available | - | |
| No longer available | |||
| Aug 15, 2023 | In contract | - | |
| In contract | |||
| Jul 21, 2023 | Listed by RE/MAX Gold Coast | $2,399,000 | |
| Listed by RE/MAX Gold Coast | |||
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Welcome to the Beach Life! Get ready to be captivated by the breathtaking 360-degree vistas of the Channel Islands, the endless ocean, and the Channel Islands harbor. This Hollywood Beach Home is an absolute gem, just a stone's throw away from the soft sands. With 3 bedrooms and 3 bathrooms, it's already fantastic, but wait till you hear about the optional 4th bedroom that comes with ocean views, a cozy fireplace, and direct access to outside decks. Imagine being able to listen to the soothing waves from any corner of the house while witnessing the most stunning sunsets. And that's not all! Unwind and savor your privacy on the 4th-level rooftop deck, where the coastal magic surrounds you. The open floor plan with floor-to-ceiling windows ensures that you never miss out on the mesmerizing ocean views. The kitchen, adorned with a top-notch Thermador range and a spacious walk-in pantry, invites you to create culinary wonders while enjoying the coastal vibes. The first floor, graced with two bedrooms, boasts one bedroom with a separate entry, providing versatility and convenience. And don't forget the incredible home features that make life here even more blissful: a 2-zoned heating system keeps you comfortable all year round, a central vacuum system maintains cleanliness with ease, and the heated towel warmer in the master bathroom adds a touch of luxury. There's even a hot water circulating system, a jacuzzi tub in the upstairs bathroom, and custom built-ins throughout the home, adding a sense of charm and practicality. This is the ultimate retreat at the beach, a sanctuary you've been dreaming of. So put on your flip-flops, embrace the coastal breeze, and make this piece of paradise your very own! Take a stroll and check out the Sundays farmers market, Yacht clubs, various restaurants and pubs. Enjoy summer concerts in the parks. Live where everyday feels like a vacation The manager has listed the unit size as 2761 square feet.
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| Mar 2, 2018 | Sold | ||
| Sold | |||
| Oct 16, 2017 | Listed by Coldwell Banker Realty | $1,435,000 | |
| Listed by Coldwell Banker Realty | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017