Malibu, CA 90265,22445 Pacific Coast

$5,800,000

Est. payment /mo

$7,995,000

27.5%
Est.Price: ?

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22445 Pacific Coast Malibu, CA 90265

7,890 SqFt

SOLD DATE : 06/14/2024

Key Details

Sold Price $5,800,000

Property Type Commercial

Sub Type Other

Listing Status Sold

Purchase Type For Sale

Square Footage 7,890 sqft

Price per Sqft $735

MLS Listing ID CRSB24027892

Sold Date 06/14/24

HOA Y/N No

Year Built 1955

Lot Size 0.690 Acres

Acres 0.69

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 Listing

Zoning LCR3

Interior

Fireplace No

Laundry Other

Exterior

Utilities Available Other Water/Sewer

Building

Water Other, Public

New Construction No

Others

Tax ID 4452023012

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Bridge MLS
Listed by Todd Wohl • Premiere Estates International Real Estate
Bought with ToddWohl
agent

Jodi Nishimura

Founder & Realtor® | License ID: 01762935

+1(510) 459-0471

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