18431 Coastline 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%.
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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jun 23, 2026 | Listed by Sotheby's International Realty | $1,849,000 | |
| Listed by Sotheby's International Realty | |||
| May 12, 2026 | Price Decreased |
$1,899,000
↓ $326K
(14.7%) | |
| Price Decreased | |||
| Mar 10, 2026 | Listed by Coldwell Banker Realty | $2,225,000 | |
| Listed by Coldwell Banker Realty | |||
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Set within Malibu's coveted Sunset Mesa enclave just 2 blocks from the white sandy beaches along iconic PCH, 18431 Coastline presents rare opportunity to build on one of "the Mesa's" premier ocean-view parcels. Offered with fully-permitted plans and shovel-ready approvals, this remarkable offering eliminates months of entitlement and design work, allowing you to move directly toward construction of a thoughtfully designed 3,166-square-foot contemporary residence with 4 bedrooms and 4.5 baths. Positioned on 7,723-square-foot lot, the property captures sweeping ocean vistas from nearly every major living space an uncommon advantage even within Sunset Mesa. The architectural plans have been carefully designed to maximize both the site and its extraordinary view corridors, featuring an open-concept floorplan where the living, dining, and kitchen spaces seamlessly connect to expansive walls of glass framing the Pacific Ocean from the front, and the surrounding Malibu hills from the back. Outdoor living is equally compelling, with plans for a generous backyard, expansive view deck, and spa, plus the flexibility to incorporate a pool if desired. Already approved by Sunset Mesa's Architectural Committee, this is a truly turnkey development opportunity in one of Malibu's most established and tightly held coastal communities. Sunset Mesa is one of Malibu's few ocean-view neighborhoods, distinguished by underground utilities, broad sidewalks, and extra-wide streets. Designed for both privacy and convenience, the community offers a rare sense of seclusion with no through streets or commercial traffic, yet remains just minutes from Santa Monica, Pacific Palisades, downtown Malibu, and some of Southern California's most iconic beaches. This truly is an extraordinary offering in one of Malibu's most sought-after coastal neighborhoods. Neither Seller nor Broker/Agents guarantee the accuracy of the square footage, lot size, permits or other information concerning the conditions or features of the property. Buyer is advised to independently verify the accuracy of all information (including square footage) through personal inspections and with the appropriate professionals. Views, if any, are based on current conditions and drone imagery taken at the time of listing. Future construction or development may impact views. Buyer to independently verify. See DOCS for Offer Guidelines and plans, etc. See Virtual Tour for view 360. Ask for plans + JADU.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017