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22445 22455 Pacific Coast

Malibu, CA 90265
  • $7,995,000
  • STATUS: Active
  • ON SITE: 24 Days
  • ID#: SB24027892
UPDATED: 39 min ago
$7,995,000
  • 0
    BEDS
  • 0.69
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1955
County:

School Ratings & Info

Listing Agent(s): Todd Wohl of Premiere Estates International Real Estate (877-337-8283)


Description

Trust Sale - First time on market in 40+ years. Rare opportunity to own multifamily in the heart of Malibu across from the famous Carbon Beach "Billionaires Beach" section of Malibu. 13 units, 3 buildings on almost an acre. A redevelopment opportunity or value add opportunity. Proforma income estimated to be 150% higher than existing gross income. A stones throw from the famous Malibu Pier, close to the Country Mart shopping center and right across the street is the beach access through the some of the most valuable oceanfront properties in California. One unit just remodeled. A 3 car garage may be a possible ADU conversion.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2024-03-03T23:26:07.99. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Berkshire Hathaway HomeServices California Properties. Licensed in the State of California, USA.
www.kevinhillre.com/homes/147398463
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22445 22455 Pacific Coast Malibu, CA 90265

  • Price: $7,995,000
  • Status: Active
  • On Site: 24 Days
  • Updated: 39 min ago
  • ID#: SB24027892
0
Beds
0
Baths
0
½ Baths
0.69
Acres
1955
Built
Neighborhood:
C32 - Malibu Beach
County:
Los Angeles
Area:
C32 - Malibu Beach
Property Description
Trust Sale - First time on market in 40+ years. Rare opportunity to own multifamily in the heart of Malibu across from the famous Carbon Beach "Billionaires Beach" section of Malibu. 13 units, 3 buildings on almost an acre. A redevelopment opportunity or value add opportunity. Proforma income estimated to be 150% higher than existing gross income. A stones throw from the famous Malibu Pier, close to the Country Mart shopping center and right across the street is the beach access through the some of the most valuable oceanfront properties in California. One unit just remodeled. A 3 car garage may be a possible ADU conversion.
Exterior Features

Carport Spaces 11 Carport YN Yes Entry Level 1 Entry Location street Number Of Separate Electric Meters 13 Open Parking Spaces 1 Parking Features CarportDoor-MultiDrivewayGarage Parking Total 15 Pool Features None Pool Private YN No Property Attached YN Yes

Interior Features

Common Walls 2+ Common Walls Fireplace Features Living Room Fireplace YN Yes

Property Features

Additional Parcels YN Yes Common Interest None Community Features Water Sports Garage YN Yes Gross Income 265070 Gross Scheduled Income 265070 Insurance Expense 35683 Land Lease YN No Laundry Features Common Area Levels Three Or More Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms Cash Net Operating Income 1452487 New Construction YN No Number Of Separate Gas Meters 13 Number Of Separate Water Meters 1 Operating Expense 100659 Property Sub Type Mixed Use Rent Control YN Yes Senior Community YN No Sewer Septic Type Unknown Special Listing Conditions Trust Trash Expense 1 Water Sewer Expense 6963 Water Source Public Zoning LCR3*



Based on information from California Regional Multiple Listing Service, Inc. as of 2024-03-03T23:26:07.99. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Berkshire Hathaway HomeServices California Properties. Licensed in the State of California, USA.
 
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Berkshire Hathaway HomeServices California Properties
25909 Pala Dr, Suite 100
Mission Viejo CA, 92691
Listing Agent(s): Todd Wohl of Premiere Estates International Real Estate (877-337-8283)