38
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4002 Admirable Drive
About This Property
Down the hallway are three well-appointed bedrooms, two of which enjoy their own ocean views right from the windows. At the end of the hall, the primary suite feels like a private retreat, complete with a sliding glass door framing the coastline and providing direct access to the backyard.
The backyard itself is designed for relaxation and enjoyment, featuring a soothing in-ground spa, plush landscaping, and a generous grass area perfect for gatherings or quiet outdoor moments.
The home also offers excellent functionality with an individual laundry room conveniently located off the kitchen, along with a spacious walk-in pantry cabinet that adds impressive storage to the open-concept kitchen.
This is a rare opportunity to enjoy coastal living with comfort, charm, and uninterrupted ocean views from multiple vantage points throughout the home.
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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 |
|---|---|---|---|
| Jun 30, 2026 | Sold | ||
| Sold | |||
| May 22, 2026 | In contract | - | |
| In contract | |||
| Apr 24, 2026 | Relisted | $1,850,000 | |
| Relisted | |||
| Apr 4, 2026 | In contract | - | |
| In contract | |||
| Mar 14, 2026 | Price Decreased |
$1,850,000
↓ $145K
(7.3%) | |
| Price Decreased | |||
Property Highlights
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About Rancho Palos Verdes
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017