5705 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%.
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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 |
|---|---|---|---|
| Jan 20, 2025 | Sold | ||
| Sold | |||
| Oct 7, 2024 | Relisted | $4,850,000 | |
| Relisted | |||
| Oct 6, 2024 | No longer available | - | |
| No longer available | |||
| Oct 5, 2024 | No longer available | - | |
| No longer available | |||
| Jun 15, 2024 | Listed by Compass | $4,850,000 | |
| Listed by Compass | |||
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With the blue expanse of the Pacific in one direction and the rolling green foothills of the Santa Monica Mountains in the other, this brand-new Mediterranean modern residence is open, beautifully detailed, and awash with natural light. Vaulted ceilings, cascading chandeliers, expansive art-gallery walls, and wood floors set the tone for this carefully designed and expertly finished home. Perched above Zuma on a lot of approximately 0.47 acre, the residence has comfortable view decks. The main living area is inviting and open, with multiple sets of sliding glass doors suggesting easy indoor-outdoor entertaining. A huge pivoting glass entry door offers tantalizing sight lines as it welcomes visitors to living, dining, and kitchen areas. The living room, detailed with a sleek linear fireplace, opens on two sides to a large wraparound deck where there is ample room for dining, lounging, and enjoying the gorgeous sunsets and ocean views. Across the entry hall is a spacious dining area, also opening to the deck, and the all-Thermador kitchen. Beautiful custom cabinets and elegant tile work define a highly functional and efficient chef's domain with marble countertops, an island with bar seating, a breakfast area, and a butler's pantry. The home's four bedrooms are spacious and serene, with high beamed ceilings and wood floors. The primary suite has a private balcony, a walk-in closet, and a sliding barn door to the lovely spa-style bath. A floating-step stairway leads to a top floor aerie with windows on three sides and enchanting ocean and mountain views. This very special space could easily serve as an extra guest room, a yoga or art studio, an office, media room, or library. The home has a pristine two-car garage and room for garden and patio entertaining in addition to the main deck. This is a handsome and comfortable home convenient to Point Dume, beaches, trails, and all the pleasures of Malibu living. READ AGENT REMARKS REGARDING SQUARE.
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About Western Malibu
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017