Malibu, CA 90265,22445 22455 Pacific Coast
Malibu, CA 90265,22445 22455 Pacific Coast
Malibu, CA 90265,22445 22455 Pacific Coast
35
$5,800,000
$7,995,000
27.5%
Est.Price: ?

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0.69 Acres Lot

22445 22455 Pacific Coast Malibu, CA 90265

Est. payment /mo
SOLD DATE : 06/14/2024

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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

MLS Listing ID SB24027892

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*

Interior

Fireplaces Type Living Room

Laundry Common Area

Exterior

Parking Features Carport, Door-Multi, Driveway, Garage

Garage Spaces 3.0

Garage Description 3.0

Pool None

Community Features Water Sports

Building

Story 2

Sewer Septic Type Unknown

Water Public

New Construction No

Others

Acceptable Financing Cash

Listing Terms Cash

Special Listing Condition Trust

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California Regional MLS (CRMLS)
Listed by Todd Wohl • Premiere Estates International Real Estate • 310-704-3616
Bought with Todd Wohl • Premiere Estates International Real Estate

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Todd Kingsley

Agent | License ID: 02118744

+1(310) 710-8633

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