2044 Corral Canyon Rd · Malibu, CA 90265

$2,295,000

4 bd · 3.0 ba · 2,541 sqft · SingleFamily public records · 37 Days on market

Built 1999 6,387 sqft lot $903/sqft · 8% above area Est $2126k · 8% over

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Why this score? — see what drove the D+ grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +15.5/30.0
• Schools +6.2/10.0
• Appreciation +5.3/10.0
• DSCR +4.8/10.0
• ARV discount +3.9/15.0
• 1% rule +2.9/10.0
• Livability +2.7/5.0
• Condition / age +2.5/5.0
• Rent growth +1.7/5.0

Listing remarks

Architecturally designed and thoughtfully upgraded, this stunning 3-bedroom + den, 3.5-bath residence offers refined mountain and serene living in the heart of Malibu. Privately owned since new, the home showcases soaring ceilings, clean geometric lines, and glass framing sweeping views of the Santa Monica Mountains Conservancy. High-end finishes are featured throughout, including Carrara marble, Vermont slate, and rich Brazilian cherry wood floors. The open-concept layout is complemented by sun decks, glass railings, solid-core wood doors with frosted glass accents, and beautifully upgraded bathrooms finished in limestone and microcement. The property includes a rare flat, fenced yard idea

Key facts

• Fenced yard
• High-end finishes
• Mountain views

Tags

• MOUNTAIN VIEWS
• FENCED YARD
• UPGRADED BATHROOMS
• OPEN-CONCEPT LAYOUT
• HIGH-END FINISHES
• CLOSE PROXIMITY TO NATURE

Property features AI

Finance

• Other: Coastal Commission special zoning; Zoning: LCR17500*
• Financial info: Listing terms: Cash to existing loan

Exterior

• Parking: Attached 2-car garage; Driveway parking; Covered parking for 2 vehicles; 3 additional open parking spaces; Guest parking available
• Utilities: Public (district) water; Septic sewer
• Home design: Detached single-family home; Two levels; Two total floors
• Construction: Stucco exterior
• Exterior features: Balcony; Deck(s); Living room balcony; Open patio; Private barbecue; High (9+ ft) ceilings; Rain gutters; Sliding glass doors; Custom built; Back yard; Canyon and greenbelt views; Has view

Interior

• Kitchen: Gas cooktop; Gas oven; Microwave; Marble counters; Kitchen island; Breakfast bar
• Bedrooms: All bedrooms on the ground level; Walk-in closet
• Flooring: Hardwood floors; Ceramic tile floors; Stone floors
• Bathrooms: One full bath; Two 3/4 baths; One half bath
• Heating & cooling: Central heat; Forced air heating; A/C; Water heater: Propane and electric
• Interior features: Furnished; Ground-level entry with no steps; Powder room; Sunken tub; Shower and tub; Family room; Living room; Formal entry; Separate family room; Entry room; Patio (open)
• Laundry & utility: Washer; Dryer; Laundry located in the garage; Gas or electric dryer hookup

What this means for you Summary

Snapshot

• This is a 4-bed/3.0-bath single-family listed at $2.29M.

Deal economics

• At list price, monthly cash flow is $918 ($11k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $1.81M (21.2% below list).
• Recommended offer: $1.81M (21.2% below list) — sets the bar for 1% rule.
• Cap rate 6.8% vs local median 0.7% in Malibu — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 53/100 on livability (#979 in CA) — a working-class tenant base; expect higher turnover. Strengths: employment A+, schools B; Watch: housing C-, crime F, amenities F.
• Santa Monica-Malibu Unified (urban): math 61% / reading 74% proficiency, ranked #123 of 1,400 in CA (top 9%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Market conditions: Rents falling (-3.4%/yr); 627 active listings in the ZIP; 2 comparable units currently listed for rent nearby; high-income renter base; 19,697 units permitted in Los Angeles County in 2024 (9,426 in 5+ unit buildings).
• At $18,096/mo this rent would consume 110% of the median local household income ($197k/yr) (locally 420% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• In year one you build about $30k of equity ($16k loan paydown + $14k appreciation (0.6% local appreciation)).
• Los Angeles County population projected at +9% by 2050 — modest demand growth; plan on rents tracking national, not racing it.
• By year 5, paydown + projected appreciation supports a ~$146k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 37 days — a 3% lower offer ($2.23M) is reasonable based on typical stale-listing flexibility.
• 6 sale attempts since 29y ago; this cycle's ask is 22850% above the opening price — seller raised mid-cycle; expect resistance to lowballs.
• Current owner paid $30k; list at $2.29M implies a 7550% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Climate carrying-cost: moderate wildfire risk — expect insurance premiums to compound above CPI over the hold.

Recommended offer $1,809,600 (21.2% below list)

Questions for the listing agent

1. It's been on market 37 days. Have you received any prior offers? Is the seller open to a 21% concession, seller financing, or rate buy-down credit?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. Schools are B-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
4. Crime grade is F in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
5. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
6. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
7. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
8. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 0.79% ✗
• Cap rate: 6.77%
• Cash-on-cash: 1.71%
• DSCR: 1.08
• GRM: 10.6

CMA / ARV

• ARV (median comp): $2,126,000
• List price: $2,295,000
• Delta: 7.95%
• Verdict: FAIR
• Comps: 13 within 1.0 mi

Show comp detail 3 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
26200 Lockwood Rd	0.05mi	4/3.5	2,752 (+8%)	7mo	$2,075,000	$754	76
26160 Fairside Rd	0.12mi	4/5.0	2,679 (+5%)	12mo	$2,420,000	$903	68
26335 Lockwood Rd	0.14mi	3/3.0 (-1)	2,230 (-12%)	5mo	$2,126,000	$953	64

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

0.62% appreciation · 0.0% rent growth · sell at horizon

5-year hold

• IRR: 0.1%
• Equity multiple: 1.01×
• Total profit: $4,545
• Equity at exit: $738,183

10-year hold

• IRR: 3.5%
• Equity multiple: 1.39×
• Total profit: $248,621
• Equity at exit: $946,858

Cash invested: $642,600 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 18 Strongly Tenant-Friendly
• State California: 18 Strongly Tenant-Friendly · D+13
• County: — inherits STATE
• City: — inherits STATE

AB1482 statewide rent cap (10% + CPI). Cities (SF/LA/Berkeley) layer stricter rules. Just-cause statewide.

Methodology + full state rankings →

ZIP-level market 90265

• Home prices YoY: 0.1%
• Rents YoY: -3.4%
• Active inventory: 627
• Price-to-rent: 10.6×

Monthly cashflow live

• Estimated rent: $18,096 medium
• Mortgage (P&I): −$12,035
• Tax from tax record: −$386 /mo · $4,633/yr
• Insurance: −$956
• HOA: −$0
• Vacancy / Maint / Mgmt: −$3,800
• Net cashflow: $918

Break-even live

Break-even rent $16,934

Max offer price $2,295,000

Occupancy floor 90%

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $573,750
• Closing costs: $68,850
• Reserves months: —
• Total cash needed: —

Rent comps 2 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
26237 Fairside Rd Malibu, CA	4.0	4.0	2082	$13,000	$6.24	17d	1	0.03mi
26349 Fairside Rd Malibu, CA	3.0	3.0	1876	$7,500	$4.00	43d	1	0.15mi

Listing history 25 events

1. 2026-06-18
   days on market $2,295,000 Active 37 DOM
2. 2026-06-17
   days on market $2,295,000 Active 36 DOM
3. 2026-06-16
   days on market $2,295,000 Active 35 DOM
4. 2026-06-15
   days on market $2,295,000 Active 34 DOM
5. 2026-06-13
   days on market $2,295,000 Active 32 DOM
6. 2026-06-13
   days on market $2,295,000 Active 31 DOM
7. 2026-06-09
   days on market $2,295,000 Active 28 DOM
8. 2026-06-08
   days on market $2,295,000 Active 27 DOM
9. 2026-06-07
   days on market $2,295,000 Active 26 DOM
10. 2026-06-04
    days on market $2,295,000 Active 23 DOM
11. 2026-06-03
    days on market $2,295,000 Active 22 DOM
12. 2026-06-02
    days on market $2,295,000 Active 21 DOM
13. 2026-06-01
    days on market $2,295,000 Active 20 DOM
14. 2026-05-31
    days on market $2,295,000 Active 19 DOM
15. 2026-05-12
    listed $2,295,000 Active 1179-char remark
16. 2026-05-08
    historical
17. 2026-04-03
    price $2,395,000
18. 2026-03-11
    listed $2,495,000 Active
19. 1998-09-11
    historical
20. 1998-05-14
    historical
21. 1998-03-16
    listed
22. 1997-11-28
    historical
23. 1997-11-14
    listed
24. 1997-05-30
    listed
25. 1994-08-30
    soldstatus $30,000

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast CA · Resets to sale price

• Current annual tax: $4,633 · $386/mo
• Projected year-2 tax: $17,442 · $1,454/mo
• Expected delta: +$12,809/yr (+$1,067/mo · 276.5%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 5/10 Major
• 🌡 Heat 3/10 Moderate 7 d/yr ≥83°F today · 20 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 5/10 Major 7 unhealthy d/yr today · 7 by 30 yrs out

Taxation est. · year 1

• Rental income: $217,152
• − Mortgage interest: −$128,556
• − Property taxes: −$4,633
• − Insurance: −$11,475
• − Repairs & maintenance: −$17,372
• − Management: −$17,372
• − Depreciation: −$66,764
• Taxable loss: −$29,019
• Est. tax savings @ 24.0%: +$6,965
• After-tax cash flow: $17,984/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Santa Monica-Malibu Unified
• NCES district ID: 0635700
• Math proficiency: 61% ▬ 0.00%
• Reading proficiency: 74% ▬ 0.00%
• Median HH income: $81,489
• Composite: 61.58/100
• National rank: #1535
• State rank: #123 of 1400 in CA

Livability — Malibu

• Score: 53/100
• State rank: #979
• US rank: #24630

Category grades

Amenities F Commute F Cost of living F Crime F Employment A+ Housing C- Health & safety C+ User ratings A+

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Los Angeles County · 9,444,647 people
• City population: 15,918
• Metro: Los Angeles-Long Beach-Anaheim, CA
• Population (ZIP): 15,918
• Household income: $196,742
• Rent vs Own: 21.5% rent · 78.5% own
• Severe rent burden: 420.0

Population outlook (Los Angeles County) Hauer SSP2

• Today (2025): 10,940,515 people
• By 2030: 11,256,481 · +2.9%
• By 2040: 11,729,929 · +7.2%
• By 2050: 11,948,407 · +9.2%
• By 2075: 11,818,114 · +8.0%
• By 2100: 10,842,928 · -0.9%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (77%)
• Race & ethnicity: White 77% Two or more races 10% Hispanic / Latino 9% Asian 5% Black 1%
• Hispanic origin (detail): Mexican 6%
• Common ancestry: Italian 8% Scotch-Irish 3% Romanian 3%
• Foreign-born: 16% · Canada, South Korea, China
• Languages at home: 82% English-only · Spanish 6% Other Indo-European 6% French/Haitian/Cajun 2%

Political lean MEDSL · Los Angeles

• 2024 margin: Solid D (+32.9) · D 64.8% · R 31.9% · Other 3.3%
• 2008→2024 swing: -7.4pp toward R · 2008: 40.4pp · 2024: 32.9pp
• All cycles: 2024: D+32.9 2020: D+44.2 2016: D+48.0 2012: D+40.0 2008: D+40.4

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 0.62%
• Current HPI: 498.5117
• Rent YoY: ▼ -3.39%
• Metro: Los Angeles-Long Beach-Anaheim, CA
• State GDP YoY: ▲ 3.21%
• F500 in state: 116

Industry mix (Fortune 500 HQ in CA)

Industry	F500 HQs	Revenue
▸Technology	27	$1,492B
▸Financial Services	3	$174B
▸Retail	3	$44B
▸Insurance	3	$26B
▸Media / Entertainment	2	$115B
▸Pharmaceuticals / Biotech	2	$62B

Price history

-66.7% since first listed

12 events — show timeline

• 2026-06-09 Listed for Rent $10,000 CLAW
• 2026-05-12 Listed $2,295,000 TheMLS
• 2026-05-08 Listing Removed — CRMLS
• 2026-04-03 Price Changed $2,395,000 CRMLS
• 2026-03-11 Listed $2,495,000 CRMLS
• 1998-09-11 Delisted — TheMLS
• 1998-05-14 Delisted — TheMLS
• 1998-03-16 Listed — TheMLS
• 1997-11-28 Delisted — TheMLS
• 1997-11-14 Listed — TheMLS
• 1997-05-30 Listed — TheMLS
• 1994-08-30 Sold (Public Records) $30,000 Public Records

Property tax history

+2.9%/yr

Latest (2025): $4,633 · +12.2% YoY. Source: county tax records.