5709 BUSCH Drive
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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 |
|---|---|---|---|
| Jul 27, 2021 | No longer available | - | |
| No longer available | |||
| Jul 19, 2021 | Price Decreased |
$3,695,000
↓ $300K
(7.5%) | |
| Price Decreased | |||
| Jun 11, 2021 | No longer available | - | |
| No longer available | |||
| Jun 9, 2021 | Listed by Keller Williams Realty-Studio City | $3,995,000 | |
| Listed by Keller Williams Realty-Studio City | |||
| | |||
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Views, Views, Views - NEW CONSTRUCTION! Single level 4 bed, 3 baths, plus office, and 14-foot ceilings! Here it is, your chance to own a home in the highly sought-after city of Malibu. As you drive along the historic Pacific Coast Highway, you arrive at the elegant, sterling dolphin gate that dramatically opens and leads you up the greenery-lined, brick driveway and up to this Malibu Park Estate. Upon entry, this Smart Home greets you with its single level open floor plan boasting 14’ ceilings. The living room flowing into the dining area and kitchen, highlighted by the double-sided fireplace, 2 sets of sliding glass doors, surround sound inside and outside, and amazing views of the Malibu Coast which will be great for entertaining. As you move through the living room, you will ease into the formal dining area which includes a waterfall counter that seats 4 and doubles as an island. The kitchen has been designed with the most modern, elegant, stainless-steel Thermador appliances and marble counter tops. All of the bedrooms are drenched in sunlight. One bedroom is separated for privacy and can be used for a teenager/live-in parent/maids’ quarters. The baths are uniquely tiled and include glass enclosures and only the best fixtures; no expense was spared. The master suite is a retreat in itself. The master bedroom is host to an array of its own facets; beginning with the coastal views and leading to the walk-in closet, and culminating with the tranquil standalone bath tub and dual shower arrangement highlighted by floor to ceiling, marble slab walls. The home, from the master suite to the kitchen, oversees an appox. 1000 sq. ft deck built securely on caissons, great for BBQ’s or parties leading to a grassy area great for boundless games of badminton, lawn bowling, or daydreaming while watching those spectacular California sunsets. Park your cars in the finished garage with separate office/gym area for privacy. You can, also, enjoy the famous city of Malibu. This home is close to some of Malibu’s most famous surf spots and beaches; Zuma, Trancas, and Point Dume as well as many others. Enjoy a night out, brunch or just hanging out in some of the places that make Malibu the community it is; Lily’s, Spruzzo’s. Geoffrey’s, Paradise Cove Beach Café, Duke’s, Malibu Fish House and much more. Malibu is a small town within a big city; come and stay…you’ll never leave. The manager has listed the unit size as 3039 square feet.
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| May 18, 2021 | Relisted | $4,300,000 | |
| Relisted | |||
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About Western Malibu
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017