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Key Details
Sold Price $5,800,000
Property Type Multi-Family
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
Square Footage 7,890 sqft
Price per Sqft $735
MLS Listing ID SB24027892
Sold Date 06/14/24
HOA Y/N No
Year Built 1955
Lot Size 0.689 Acres
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.
Location
State CA
County Los Angeles
Area C32 - Malibu Beach
Zoning LCR3*
Rooms
Ensuite Laundry Common Area
Interior
Laundry Location Common Area
Fireplaces Type Living Room
Fireplace Yes
Laundry Common Area
Exterior
Garage Carport, Door-Multi, Driveway, Garage
Garage Spaces 3.0
Carport Spaces 11
Garage Description 3.0
Pool None
Community Features Water Sports
Parking Type Carport, Door-Multi, Driveway, Garage
Total Parking Spaces 15
Private Pool No
Building
Story 2
Entry Level Three Or More
Sewer Septic Type Unknown
Water Public
Level or Stories Three Or More
New Construction No
Others
Senior Community No
Tax ID 4452023012
Acceptable Financing Cash
Listing Terms Cash
Financing Contract
Special Listing Condition Trust
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Bought with Todd Wohl • Premiere Estates International Real Estate
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