$5,800,000
$7,995,000
27.5%For more information regarding the value of a property, please contact us for a free consultation.
22445 Pacific Coast Malibu, CA 90265
7,890 SqFt
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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© 2025 BEAR, CCAR, bridgeMLS. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or Contra Costa MLS or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.
Bought with ToddWohl