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20616 Pacific Coast Highway
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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 |
|---|---|---|---|
| Oct 7, 2024 | Relisted | $675,000 | |
| Relisted | |||
| Oct 6, 2024 | No longer available | - | |
| No longer available | |||
| Oct 5, 2024 | No longer available | - | |
| No longer available | |||
| Oct 13, 2023 | Listed | $675,000 | |
| Listed | |||
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New co-ownership opportunity: Own one-eighth of this turnkey home, professionally managed by Pacaso. Named for the beach just steps away, Las Flores is a perfect oceanfront hideaway, with stunning views of the sparkling Pacific, islands and Queen's Necklace. This two-story contemporary has decks on both levels and private steps leading to the shore. Inside, the open concept layout is all about endless vistas, relaxation and entertaining. The first floor has floor-to-ceiling, wall-to-wall glass sliders plus a picture window, framing views to enjoy the living and dining area as well as the gourmet kitchen. The doors open to a covered balcony perfect for al fresco dining. The kitchen features Caesarstone countertops, high-end stainless steel appliances, a beverage fridge and bar seating. Behind the kitchen is a handy laundry area and a full bathroom is nearby. One of two staircases leads directly to the primary suite, which features a fireplace, a beachfront balcony and a spa-style en suite bathroom with a soaking tub, tiled shower and dual-sink vanity. The other stairway goes to a landing with doors to a private patio. Also on this level are a guest bedroom and bathroom, and a family room/office which is also accessible from the primary suite. This getaway is midway between Malibu and Santa Monica, and close to Duke's Malibu, Nobu and shopping. The home, which has a two-car garage with a second refrigerator, comes fully furnished and professionally decorate
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| Jul 9, 2022 | No longer available | - | |
| No longer available | |||
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