28
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404 Ocean
About This Property
The substantial residence encompasses an extraordinary array of spaces designed for living, entertaining, and relaxation, including formal and informal living and dining areas, a library, lounge and bar, games or billiards room, concealed gallery garage, office or service quarters, three ancillary bedrooms, and six baths. The expansive ocean-facing primary suite captures a spectacular natural tableau of the Pacific and glowing sunsets and features dual bathing areas, vanities, water closets, and wardrobes. The outdoor setting extends the living experience with a private walled oceanfront garden, broad verdant lawn, service or storage cabana, two generous structure-width terraces overlooking the Pacific, rooftop viewing deck, and private gates providing immediate access to the sand. Long held within the same family, the property reflects a character and composition unlike any other in the region. Shaped through decades of thoughtful curation, its richly layered interiors incorporate remarkable architectural artifacts and craftsmanship, including a Parisian hotel lobby reimagined as a library and an authentic roulette table repurposed as the kitchen island, alongside slab stone, intricate wood inlay, ornamental ceiling treatments, and artisan-crafted brass, copper, iron, and millwork. The residence is further distinguished by an extraordinary collection of architectural antiques sourced from France, England, and other locations worldwide. With its idyllic coastal setting, scale, and proximity to amenities in Orange and Los Angeles Counties, this is a rare opportunity to preserve a remarkable legacy residence, reimagine its distinctive character, or explore redevelopment possibilities.
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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.
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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 15, 2026 | Listed by Pacific Sotheby's Int'l Realty | $10,995,000 | |
| Listed by Pacific Sotheby's Int'l Realty | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017