95 Ocean Way
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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 |
|---|---|---|---|
| Aug 5, 2024 | Sold | ||
| Sold | |||
| Apr 26, 2024 | Listed by Douglas Elliman of California, Inc. | $4,895,000 | |
| Listed by Douglas Elliman of California, Inc. | |||
| Apr 25, 2024 | No longer available | - | |
| No longer available | |||
| Feb 22, 2024 | Listed by Douglas Elliman Real Estate | $5,495,000 | |
| Listed by Douglas Elliman Real Estate | |||
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Perched on the bluffs of the highly-coveted Santa Monica Canyon, this iconic oceanfront gem boasts arguably the best ocean views on the Westside. Jim Charlton AIA, an apprentice of Frank Lloyd Wright and who also worked with John Lautner, designed this mid-century modern stunner. This bright and airy home offers 3 bedrooms, 2.5 bathrooms, wall-to-walls of glass, and impeccable design throughout. The open floor-plan features the spacious living room with a fireplace, dining area, and the well-appointed kitchen with a breakfast bar. Panoramic sliding glass doors span the main living space and seamlessly open onto the covered balcony that showcases breathtaking coastline views. The main level provides two bedrooms, including the Primary Suite with views up and down the coast, a large walk-in closet, and bathroom with a dual-vanity. Downstairs you will find an additional ocean view bedroom, bathroom, massive storage room, and expansive covered patio that can potentially be enclosed to add additional square footage. A two-car garage with direct entry and gated driveway with additional space for guest parking completes this rare home. Immediate beach access is provided by an adjacent staircase and tunnel that lead you to the sand, boardwalk, surf, and the world famous "State Beach" volleyball courts in front. Also located a stones throw to "The Beach Club", the legendary Giorgio Baldi, Shorebar, The Golden Bull, and Canyon Square. In less than a five minute drive, you can also be at Palisades Village & Erewhon or head the other way to Montana Ave shops and Downtown Santa Monica. It truly does not get better than this. The manager has listed the unit size as 1978 square feet.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017