20438 Pacific Coast Highway, Malibu, California 90265, Malibu, 90265 - 2 bed, 2 bath
20438 Pacific Coast Highway
Malibu, California 90265
Property Price
SUMMARY
Analysis of 20438 Pacific Coast Highway, Malibu, California 90265 reveals a Fairly Priced Property with a current list price of $1,550,000 aligned with the estimated $1,550,000 Fair Market Value. This represents a stable investment opportunity at market rate. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the Malibu Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 20438 Pacific Coast Highway Subject | $1,550,000* List Price | 2 | 2 | 1,490 | $1,040 | - |
A 20464 Pacific Coast Sold | $1,500,000 | 3 | 3 | 1,483 | $1,011 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is moderate renovation needed.
The property, built in 1963, shows signs of partial updates but retains significantly outdated elements. The kitchen features stainless steel appliances and granite countertops, which are functional and relatively modern, but the backsplash style suggests it's not a recent renovation. The main bathroom, however, is notably dated with patterned tiles on the vanity and shower walls, and a gold-framed shower enclosure, indicating a renovation from 30+ years ago or original features. While other areas like flooring (travertine-style tile and wood laminate) and paint appear well-maintained and clean, the overall condition is pulled down by the very outdated main bathroom, which would require immediate renovation for most buyers seeking modern standards. This aligns with the 'Fair' criteria of requiring minor updates and showing signs of being outdated, despite being functional.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Beachfront Location
Directly situated on Big Rock Beach, offering immediate access to the sand and surf, and conveniently located just minutes from Santa Monica and central Malibu.
- Unobstructed Panoramic Views
Features breathtaking, unobstructed panoramic views of the Pacific Ocean, Catalina Island, and the Queen's Necklace from nearly every room and outdoor space.
- Exceptional Outdoor Living Spaces
Boasts multiple private outdoor deck spaces, including an ocean-facing balcony and a subterranean patio, perfect for entertaining and enjoying the coastal environment, plus access to a picturesque pocket beach.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 2, other record bedroom count = 3.
- Low Available Lot Utilization
The property has a small lot size, more than 70 percent of which is taken by its living area. lot size in square feet = 1673, living area = 1490.
- Leased Land
The property is on leased land with a monthly fee of $2,100 (plus approximately 3% annual increase) and only 38 years remaining on the lease, which can complicate financing and long-term investment strategy.
About 20438 Pacific Coast Highway
SELLER MOTIVATED! This residence sits directly on Big Rock Beach, perfectly positioned just minutes from Santa Monica and central Malibu. This beach home captures unobstructed, panoramic views of the Pacific Ocean, Catalina Island, and the Queen's Necklace from sunrise to sunset. The home features two bedrooms, plus an open den or 3rd bedroom area, and 2.5 bathrooms. The open-concept kitchen and dining area flow into a sunlit living room with a balcony perched over the sea, offering a front-row seat to the rhythm of the waves. Upstairs, the romantic primary suite includes an oceanfront balcony and spa-style en-suite bath, while the open loft/family area leads to a private guest suite with its own bathroom, and the laundry is in a closet upstairs. Multiple outdoor deck spaces create an effortless connection to the coast, from an ocean-facing deck ideal for lounging to a private subterranean patio made for al fresco dining beside the surf. A few doors away there is access to a picturesque pocket beach and cove, an idyllic escape for sunbathing, swimming, or quiet walks by the water at low tide. There is an attached 2 car garage. A rare offering onLEASED LAND at $2,100 per month (plus approx. 3% annual increase) with 38 years remaining on the lease. Own the whole building, the adjacent home is for sale as well!
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1963
- Lot Size
- 1,673 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 4.0 | 12% |
| Baths | 2.0 | 4.0 | 18% |
| Square foot | 1,490 | 2,917.5 | 12% |
| Lot Size | 1,673 | 17,639.5 | 2% |
| Price | $1.55M | $3.90M | 11% |
| Price per sq ft | $1.0K | $1.3K | 29% |
| Built year | 1963 | 1977 | 30% |
| HOA | $0 | $0 | 50% |
| Days on market | 113 | 217 | 9% |
Pricing History
Listed for Sale
Jan 19, 2026
$1,550,000
$1,695,000
-9% Price Drop
Initial Listing
Price Change
Dec 12, 2025
$1,695,000
$1,750,000
-3% Price Drop
Initial Listing
Price Change
Dec 1, 2025
$1,750,000
$1,980,000
-12% Price Drop
Initial Listing
Price Change
Nov 13, 2025
$1,980,000
Initial Listing
Sold
Aug 21, 2015
$2,000,000
Public Record