Listed by: Shen Schulz, Sotheby's International Realty
$2,556,394
●
House -
Off Market
6241 Frondosa Drive
Malibu, CA 90265
4 Beds
3 Baths
2,164 Ft²
$13,641
Est. Monthly
$138
HOA / Fees
5.39%
Cap Rate
About This Property
Malibu coastal living in the Malibu West neighborhood, an
unparalleled lifestyle, coastal charm, and modern comforts in this
post-and-beam style home. Boasting 4 bedrooms and 2.5 bathrooms,
this home embraces the quintessential Californian ethos with its
open floor plan and iconic post-and-beam architectural style. There
is an open courtyard entry with a fountain, sliding glass doors,
granite counters, stainless Sub Zero and Viking appliances, a
fenced backyard, tall trees, and mature landscaping for privacy,
whole house water filtration system, instant hot water. The fenced
backyard is a private oasis, featuring a private spa, BBQ area, and
a pizza oven. Residents of the Malibu West neighborhood will relish
the exclusive privileges of the Malibu West Beach Club, tennis
courts, and the nearby dog park. Convenience meets coastal
sophistication, as this home is ideally situated near Zuma Beach,
local markets, chic boutiques, and tantalizing dining options.
Families will appreciate the proximity to the esteemed educational
institutions at Malibu Park and Point Dume.
Unit Size
2,164 Ft²
Days on Market
55 days
Land Size
0.34 acres
Price per sqft
$1,271
Property Type
House
Property Taxes
-
HOA Dues
$138
Year Built
1962
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Cap Rate
100% Occupancy
N/A (extreme outlier) 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.
Last updated: 2 years ago (CRMLS #24452319)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Dec 9, 2024 | Sold | ||
| Sold | |||
| Nov 16, 2024 | In contract | - | |
| In contract | |||
| Oct 15, 2024 | Listed by Sotheby's International Realty | $2,750,000 | |
| Listed by Sotheby's International Realty | |||
Property Highlights
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Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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About Western Malibu
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Listed by: Shen Schulz, Sotheby's International Realty
Last Updated: 2 years ago
Data Source: CRMLS, MLS# 24452319
Last Updated: 2 years ago
Data Source: CRMLS, MLS# 24452319
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