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$ 8,500,000
Est. payment | /mo
5 Beds
2,560 SqFt
$ 8,500,000
Est. payment | /mo
5 Beds
2,560 SqFt
Key Details
Property Type Single Family Home
Sub Type OTHER
Listing Status Active
Purchase Type For Sale
Square Footage 2,560 sqft
Price per Sqft $3,320
MLS Listing ID CL26875773
Bedrooms 5
HOA Y/N No
Year Built 1955
Lot Size 6,459 Sqft
Acres 0.15
Property Sub-Type OTHER
Property Description
Rare opportunity to acquire a fully occupied 4-unit beachfront building on Malibu Road, one of the most supply-constrained and high-demand rental markets in California. No other comparable income properties are currently available on this stretch, making this a true scarcity-driven investment. The unit mix includes two beachfront 2BD/2BA units with air conditioning and private beachfront decks, and two upper 1BD/1BA units with ocean-view decks. Each unit has its own outdoor space, enhancing rental desirability and long-term tenant retention. Three units have been updated, and one of the updated units is furnished, offering flexibility for premium rental strategies. Each unit includes a private single-car garage with tandem parking, a rare and valuable feature for Malibu beachfront properties. Fully leased with immediate income, the property presents clear potential for rent growth, repositioning, and increased returns over time in a market with extremely limited inventory and high barriers to entry. Direct beachfront location, strong tenant demand, and long-term appreciation potential position this as a high-quality, legacy coastal asset.
Location
State CA
County Los Angeles
Zoning LCR3*
Interior
Heating Wall Furnace
Flooring Tile
Fireplace No
Laundry Common Area, Dryer, Washer, Other
Exterior
View Y/N true
View Water, Other, Ocean
Total Parking Spaces 8
Building
Water Public, Other
New Construction No
Others
Tax ID 4459015010
Virtual Tour https://youtu.be/J6qiE9mJQDY?si=QqgmGh8zhNS1QqXg
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Listed by Gina Alaina Longo • Coldwell Banker Realty
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