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31851 Sea Level Drive
Single Family Cash-flow positiveWithin your budget

31851 Sea Level Drive

31851 Sea Level Drive, Malibu, CA

3 beds 4 baths 2,906 sqft

New Co-Ownership Opportunity: Own one-eighth of this professionally managed, turnkey coastal retreat. This property engages every sense, from its striking modern architecture to the refined textures and finishes within, all complemented by the sound and scent of nearby ocean breezes. Just steps from the beach, the home offers ocean views, an infinity pool, and seamless indoor-outdoor living throughout. The living room features a gas fireplace, beamed ceilings, and sliding glass pocket doors that open wide to frame the coastal views. The gourmet kitchen is equipped with high-end appliances, a generous island with breakfast bar, and direct access to a grilling deck. In the formal dining room, glass doors lead to an inviting outdoor setting complete with pool, spa, and fire pit. The primary suite is a private sanctuary with its own fireplace, walk-in closet, and pocket doors opening to a tranquil garden. The spa-like en suite bath includes a dual-sink vanity and steam shower. Downstairs, enjoy a state-of-the-art home theater with projection screen, along with two guest suites, each with en suite baths, and a versatile office or flex space. Offered fully furnished and professionally designed, this home delivers effortless luxury and turnkey ownership in an exceptional beachside setting.

List price

$950,000

Est. monthly rent

$18,000

DSCR2.68×

Lender minimum: 1.25×

Monthly cash flow

$8,393

Cash-on-cash return

35.34%

Down payment (25%)$237,500
Closing costs (5%)$47,500
Total cash needed$285,000
Loan amount (75%)$712,500
Monthly mortgage (7.50%, 30yr)$4,982
Annual property taxes$11,875
Insurance, vacancy, mgmt.$43,630
Net operating income (yr)$160,495
Gross yield22.74%

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