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31851 Sea Level Drive
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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.
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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 |
|---|---|---|---|
| Jun 16, 2026 | Price Decreased |
$950,000
↓ $49K
(4.9%) | |
| Price Decreased | |||
| Mar 30, 2026 | Listed by The Agency | $999,000 | |
| Listed by The Agency | |||
| Jun 19, 2018 | Sold | ||
| Sold | |||
| Mar 23, 2018 | Listed by Westside Estate Agency Inc. | $5,250,000 | |
| Listed by Westside Estate Agency Inc. | |||
| | |||
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50K Bonus to SA if close by 5/30. Extensively reimagined & remodeled ocean view oasis that was transformed w/ impressive scale & volume only a designers eye could capture. Tucked behind a private gate, a little community called West Sea Level Drive. No expense was spared to bring the level of quality, luxury & lifestyle that would fit anyone's needs. Steps to the worlds luxurious California Coastal beach are right in front of your eyes to enjoy walking, surfing, running or painting the sunsets. New construction built in 2014. 3 bedrooms, 3.5 bathrooms (all 3 are en-suite). Fourth room can be a bedroom or office. State of the art home movie theater w/ projection screen. Additional side gate to access infinity pool, extraordinary decking area off main dining & kitchen for gatherings/party's, BBQ station, lush trees & landscaping, uplighting that will not disturb gazing at the stars at night. Master suite looks out to private lush garden & offers fireplace, walk-in in closet & steam show
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About Western Malibu
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017