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22445 22455 Pacific Coast Malibu, CA 90265
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Key Details
Sold Price $5,800,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
MLS Listing ID CRSB24027892
Sold Date 06/14/24
Originating Board California Regional MLS
Year Built 1955
Lot Size 0.690 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
Interior
Laundry Laundry Area
Exterior
Garage Carport , Garage, Other
Garage Spaces 15.0
Pool None
Building
Story Three or More Stories
Water District - Public
Others
Tax ID 4452023012
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Bought with Todd Wohl • Premiere Estates International Real Estate