20
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2826 Coralglen Drive
About This Property
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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 31, 2026 | Price Decreased |
$949,000
↓ $236K
(19.9%) | |
| Price Decreased | |||
| Sep 10, 2026 | Listed by Compass | $1,185,000 | |
| Listed by Compass | |||
| Jan 6, 2025 | Listed | $1,300,000 | |
| Listed | |||
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Over five acres in Corral Canyon with breathtaking unobstructed views and Regional Planning Approval! This premium lot is situated on a private knoll with true 360-degree views of the Queen's Necklace, Catalina Island, and the untouched mountains above Solstice Canyon Park. The future modern retreat, envisioned by Aux Architecture, totals ~5,022 sq. ft. and offers a gracious open floor plan and an impressive outdoor deck with a pool that spans the entire length of the entry-level. The upper level features a luxury primary suite with endless views and three additional bedrooms. Additional features include a wine room, office, and four-car garage. Regional Planning has also approved a Variance for widening the private driveway, and clearance has been recommended by the Fire Department, Parks and Recreation, Public Health, Public Works, and ERB. Sold AS-IS with the current approvals from the City of Los Angeles Regional Planning Department. Buyer to obtain all necessary final approvals required for active building permits. Corral Canyon is widely considered Malibu's most accessible canyon and this property is just 2 miles, approx. 6 minutes driving, from Pacific Coast Hwy! This property's convenient Central Malibu location means you are moments away from peaceful trails, sandy beaches, markets, restaurants, schools, and more. Bypass the years and costly process of planning, studies, and meetings! Contact listing agents for offering memorandum.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017