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5942 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.
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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 |
|---|---|---|---|
| Oct 9, 2026 | Price Decreased |
$1,595,000
↓ $300K
(15.8%) | |
| Price Decreased | |||
| Mar 9, 2026 | Listed by Compass | $1,895,000 | |
| Listed by Compass | |||
| Sep 23, 2024 | Listed | $2,195,000 | |
| Listed | |||
| | |||
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Beautifully situated above Zuma in ultra-desirable Malibu Park, this .92 acre property is complete with Ready-To-Issue permits, with an active grading permit for a 5 bed, 5 1/2 bath, 4190 square foot home. Save years and hundreds of thousands of dollars with having completed the 3-5 year permit process this property is ready to begin grading & construction immediately. The sleek, two-story architectural residence will enjoy panoramic sunrise-to-sunset views from large decks and ocean-facing patios. Design features include a spacious, open-plan living/dining/kitchen great room with a wall of glass opening onto a huge view deck, three en-suite bedrooms, including the primary, and two additional bedrooms, a family room, and an expansive view patio on the lower level. Created for privacy, comfort and brilliant indoor-outdoor entertaining, the property is located close to beaches and schools, Point Dume shops and restaurants, with miles of hiking, biking, and equestrian trails nearby. Property is located at the end of the Cul De Sac on Little Busch, a private drive situated above Busch Dr.
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| Apr 26, 2024 | No longer available | - | |
| No longer available | |||
| Mar 29, 2024 | Relisted | $2,325,000 | |
| Relisted | |||
Property Highlights
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About Western Malibu
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017