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5637 Busch Drive
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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 |
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| Oct 16, 2024 | Listed | $8,750,000 | |
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Introducing The Glass House by John Klopf, AIA, the midcentury modern masterwork of Malibu Park. Thoughtfully conceived within the natural landform on over half an acre, this newly constructed single-level residence is beautifully elevated above Zuma, offering blue-hued views of the Pacific Ocean and the earth-toned coastal mountains. An artfully composed blend of floor-to-ceiling glass, warm woods, and handsome, hand-poured terrazzo creates a paradisal, livable art piece. Beyond the saltwater pool and manicured yard, an outdoor sanctuary of impeccably curated landscaping unfolds, with a meandering pathway leading to a fire pit, sculpture garden, and pickleball court. Completing the estate is a secondary A-frame structure, offering versatile space for an office or gym. The Glass House provides a singular living experience, where every element is masterfully designed to inspire and elevate.
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| Mar 14, 2019 | Sold | ||
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| Mar 3, 2019 | Listed by Coldwell Banker Residential Br | $1,195,000 | |
| Listed by Coldwell Banker Residential Br | |||
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Malibu Park Ocean View Post Fire Lot - .59 acre Lot with previous 2421 sq.ft single story home on property. First prime lot on market after Fire - tremendous opportunity to get permits quickly - lot has working septic , water meter , pad and electric - property has already been cleared of all debris and many steps of obtain Planning approval started. Located in Malibu's most prestigious neighborhoods and within 1 miles of the ocean. Close proximity to trails for riding and hiking, schools, markets , stores and beaches. Price to sell !
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017