19846 Pacific Coast Highway
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.
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 |
|---|---|---|---|
| Aug 27, 2024 | Sold | ||
| Sold | |||
| Aug 8, 2024 | In contract | - | |
| In contract | |||
| May 28, 2024 | Listed by Beverly and Company, Inc. | $4,750,000 | |
| Listed by Beverly and Company, Inc. | |||
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Experience ultimate coastal luxury at this beachfront home in Malibu in the sought after Big Rock Beach location. Perched on the sand, the home offers an expansive open floor plan perfect for a seamless indoor-outdoor lifestyle. The home can serve either as an income producing duplex or the possibility of an owner occupied upstairs unit with a guest unit below. With private access to each floor these two units serve as the ideal income producing opportunity with either short or long term tenants. The living area of the upper two bedroom two full bath features vaulted beamed ceilings, an antique fireplace and glass accordion doors that open to an oceanfront al fresco dining deck. The chef's kitchen boasts a marble island, Thermador appliances with a built-in beverage cooler. The media room or second bedroom, is located on the main floor of the upper unit which includes a luxurious full bath with marble finishes and an enclosed steam shower. The primary suite offers a breathtaking view of Los Angeles' world famous "Queen's Necklace" that is just beyond the sweeping ocean views also has access to a spacious open deck. The spa-inspired bathroom is complete with a tub overlooking the ocean through a large bay window. The lower unit offers one spacious bedroom with two full beautiful bathrooms and features a sophisticated living room with enchanting ocean views, literally steps away. Watch the dolphins frolic amongst the surfers and catch the whales pass by from either side of the gourmet kitchen and large living room area. Both the upper and the lower unit offer ample storage, climate control, and generous closet space. The home has three oceanfront decks ideal for entertaining family, friends and is perfect for group gatherings. With convenient access to the sand for both units from the ground level, the private staircase allows for direct beach access on this gated property. Additional amenities include an on-site washer and dryer and garage parking for two cars. This location on the beach gives you the feeling of being lightyears away from the hustle and bustle of the city yet has easy access to Santa Monica by way of PCH. Plus, the benefit of having a streetlight just a few doors down provides for safe in and out entrance of the driveway. Get ready to grow your real estate portfolio and live the Malibu Beach dream in a relaxed, private setting. Call to schedule your showing today before this home is sold.
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| Nov 18, 2023 | No longer available | - | |
| No longer available | |||
| Nov 17, 2023 | Relisted | $5,850,000 | |
| Relisted | |||
Property Highlights
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About Eastern Malibu
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017