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.
Sold for $5,800,000
Zillow last checked:
Listing updated:
Bought with:
Todd Wohl, DRE #01912556
Premiere Estates International Real Estate
Source: CRMLS,MLS#: SB24027892
Originating MLS: California Regional MLS
Originating MLS: California Regional MLSPrice history
| Date | Event | Price |
|---|---|---|
| 6/14/2024 | Sold | $5,800,000$735/sqft |
Source:  CRMLS #SB24027892 Report a problem | ||
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Estimated market value
$7,972,200
