10
Map
$275,000
●
Land -
For Sale
26557 Ocean View Dr
Malibu, CA 90265
Studio
0 Bath
$1,351
Est. Monthly
About This Property
Use these coordinates to locate the property (34.0477119,
-118.7721332)
Rare
opportunity to create a Malibu retreat on a downslope ocean-view
lot in an established neighborhood approximately 3 miles from PCH.
The property is situated on a paved street with neighboring homes
and previously had a Coastal Development Permit for a proposed
1,979 sq. ft. residence plus approximately 1,282 sq. ft. of decks
and balconies. Supporting documentation on file includes a Water
Department Will Serve letter, Fire Department approval, signed
Health Department approval of the septic system, a Notice of
Extension Request for the CDP, and a Notice of Intent to Issue CDP.
The prior CDP has expired, and any future development will be
subject to current regulations and agency approvals. Newer height
restrictions may affect the allowable square footage and overall
design of a future residence. Buyer to conduct independent due
diligence regarding development potential, permits, approvals, and
applicable restrictions.
Unit Size
-
Days on Market
17 days
Land Size
0.50 acres
Price per sqft
-
Property Type
Land
Property Taxes
-
HOA Dues
-
Year Built
-
Listed By
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Cap Rate
100% Occupancy
N/A (extreme outlier) 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.
Last updated: 16 days ago (CLAW #26992819)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 30, 2026 | Listed by Sotheby's International Realty | $275,000 | |
| Listed by Sotheby's International Realty | |||
| Dec 16, 2020 | No longer available | - | |
| No longer available | |||
| Jun 15, 2020 | Listed | $195,000 | |
| Listed | |||
| | |||
|
Huge Price Reduction, Seller has indicated OWNER FINANCING AVAILABLE Downslope lot with Expired Coastal Development Permit for a 1979 sq ft home with 1282 sq ft of decks/ balconies. Ocean view on paved street with neighboring homes. The following are on file 1.Will Serve letter from Water Dept. 2 .Fire Dept Approval 3 .Signed Health Dept Approval of Septic System 4. Notice of Extension request for CDP (expired) 5.Notice of Intent to Issue CDP (expired). There will be limitations on a new CDP due to new height restrictions. Seller is open the idea of carrying part of the purchase price in the form of a 1st Trust Deed and Note. Please submit on owner financing.
| |||
| Oct 4, 2019 | No longer available | - | |
| No longer available | |||
| Sep 15, 2019 | Price Decreased |
$195,000
↓ $100K
(33.9%) | |
| Price Decreased | |||
Show More
Property Highlights
Exterior Details
Lot Features: Sloped Down
Lot Size Area: 21736
Lot Size Units: Square Feet
Lot Size Acres: 0.499
Lot Size Square Feet: 21736
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Los Angeles
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Listed by: Chris Frost, Sotheby's International Realty
Last Updated: 16 days ago
Data Source: CRMLS, MLS# 26992819
Last Updated: 16 days ago
Data Source: CRMLS, MLS# 26992819
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