17
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21332 Pacific Coast Highway
About This Property
Set on a 5,782 SF lot with 35 feet of direct beach frontage, this one-of-a-kind La Costa Beach parcel offers rare access to one of Malibu's most coveted stretches of coastline. With direct sand frontage, sweeping ocean exposure, and the enduring scarcity of buildable oceanfront land, the property represents a remarkable opportunity to create a legacy coastal residence.
The parcel is being offered with approved building & architectural plans, approved permits, and valuable entitlements for a modern Mediterranean oceanfront residence totaling 2,304 gross square feet, designed by Clear Architecture, an esteemed division of the Santa Barbara-based Clear Group. Years of significant investment have advanced the project through the most challenging stages of the coastal development process.
The plans envision an exquisite 3-bedroom coastal residence, intentionally oriented to capture breathtaking direct ocean views from every bedroom while maximizing privacy from PCH. Clean architectural lines, warm California materials, expansive glass openings, and sophisticated indoor-outdoor flow define the vision, creating a refined coastal sanctuary designed for modern Malibu living.
The plans, permits, and entitlements are intended to transfer to the new owner, allowing the buyer to bypass years of Coastal Commission and municipal delays and move directly toward construction. Clear Group's thoughtful architectural vision provides an exceptional foundation for bringing this brilliant, precision-engineered coastal masterpiece to life.
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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 |
|---|---|---|---|
| Jul 3, 2026 | Listed by Keller Williams Realty-Studio City | $5,000,000 | |
| Listed by Keller Williams Realty-Studio City | |||
| Jan 9, 2019 | Sold | ||
| Sold | |||
| Aug 13, 2018 | No longer available | - | |
| No longer available | |||
| Jul 3, 2018 | Listed by The Agency | $6,499,000 | |
| Listed by The Agency | |||
| | |||
| May 16, 2018 | Relisted | $6,795,000 | |
| Relisted | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017