5054 Malibu Drive
About This Property
Key features include: Septic system inspection completed – leach field passed, and tank replacement needed. Lot is ready for development in a neighborhood with homes ranging from 1,800 to 2,900 sqft in size. Located just a quick 5-minute drive to Lime Saddle Marina, offering easy access to boating, fishing, and water sports on Lake Oroville.
This is your chance to be part of the Paradise rebuild-where natural beauty, community pride, and modern comfort come together. Take a drive by and see why Paradise is all it's name implies. Owners will carry with an acceptable offer.
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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 |
|---|---|---|---|
| Jan 21, 2026 | Sold | ||
| Sold | |||
| Dec 3, 2025 | In contract | - | |
| In contract | |||
| Jun 20, 2025 | In contract | - | |
| In contract | |||
| Jun 7, 2025 | Listed by Century 21 Select Paradise | $65,000 | |
| Listed by Century 21 Select Paradise | |||
| Oct 6, 2021 | No longer available | - | |
| No longer available | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017