22445 22455 Pacific Coast, Malibu, CA 90265
- $5,800,000
List Agent Todd Wohl () 866-568-6638 Premiere Estates International Real Estate; CoList () Courtesy of Selling Office: Premiere Estates International Real Estate, Todd Wohl - Selling Agent DRE# and Courtesy of Listing Office Premiere Estates International Real Estate, Todd Wohl - Agent DRE#
- Sold Price
- $5,800,000
- List Price
- $7,995,000
- Closing Date
- Jun 14, 2024
- Status
- CLOSED
- MLS#
- SB24027892
- Year Built
- 1955
- Lot Size
- 30,036
- Days on Market
- 40
- Property Type
- Multifamily
- Property Sub Type
- Mixed Use
- Stories
- Three Or More Levels
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.
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Additional Information
- Pool Description
- None
- Fireplace Description
- Living Room
- Garage Spaces Total
- 3
- Sewer
- Septic Type Unknown
- Water
- Public
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Based on information from CRISNet MLS as of . All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.