5879 Ridgebrook Drive
About This Property
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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 |
|---|---|---|---|
| Jun 10, 2026 | Sold | ||
| Sold | |||
| May 12, 2026 | In contract | - | |
| In contract | |||
| May 6, 2026 | Price Decreased |
$2,274,000
↓ $25K
(1.1%) | |
| Price Decreased | |||
| Apr 3, 2026 | Listed by Pinnacle Estate Properties | $2,299,000 | |
| Listed by Pinnacle Estate Properties | |||
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Located in Morrison South Meadows, this 4-bedroom, 3-bath home offers approximately 3,141 sq ft and captures sweeping, direct views of Ladyface Mountain and the Santa Monica Mountains. Set on a quiet residential street, the home is designed to maximize natural light, privacy, and a seamless indoor-outdoor lifestyle. Extensively updated in 2020, improvements include copper plumbing, updated electrical, newer roof, HVAC system, garage door, EV charger, roof-mounted fire sprinklers, and cement siding at the front elevation. The interior is designed for both everyday living and entertaining, featuring an open-concept layout that connects the kitchen, dining, and living spaces. The remodeled kitchen is finished with a premium Thermador appliance suite and quality materials throughout. A main-level bedroom and full bath offer flexibility for guests, office, or multigenerational living. The primary suite is positioned to capture sunset and mountain views and includes a private balcony and a large, finished walk-in closet with its own views, creating a true retreat experience. Outdoor spaces are built for entertaining and relaxation, with a redesigned pool, multiple seating and dining areas, and open sightlines to the surrounding hills—blending indoor and outdoor living. Additional features include a 2-car garage with direct access, custom cabinetry, epoxy flooring, and a storage loft. Located near Morrison Park, Chumash Park, Santa Monica Mountains trailheads, shopping, dining, and convenient access to the 101 freeway.
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| Apr 3, 2018 | Sold | ||
| Sold | |||
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About Morrison Ranch
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$7,200 /mo
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$5,850 /mo
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017