22357 Pacific Coast Highway presents a rare four-unit investmentopportunity in prime Malibu, ideally positioned just steps from the beach and minutes from some of the area's most sought-after dining, shopping, and lifestyle destinations, including Nobu Malibu and Cross Creek Ranch. The property is fully furnished and features an attractive unit… Read More mixconsisting of two (2) two-bedroom, two-bathroom units and two (2) one-bedroom, one-bathroom units. With statewide rent control applicable in Malibu, the property offers investors an opportunity to own a well-located multifamily asset in one of Southern California's most supply-constrained coastal markets. Multifamily properties of this size rarely become available in Malibu, with only four multifamily transactions of fewer than 16 units occurring over the past four years. The area's historically low turnover and significant barriers to new supply further enhance the long-term value of the offering. In addition to its investment appeal, 22357 Pacific Coast Highway may present an exceptional owner-user opportunity, with the potential to utilize residential financing while enjoying the benefits of living in Malibu andgenerating income from the remaining units. Read Less
Property listed by Lyon Stahl Investment Real Estate, Inc., David Saghian 310-259-7556
Listing Snapshot
Days Online
9
Last Updated
Beds
6
3/4 Baths
6
Square Ft.
3,558
Lot Size
0.18 Acres
Year Built
1961
MLS Number
26987323
Additional Details
Appliances & Equipment
Microwave, Refrigerator
Building
Built in 1961, Living area: 3558.0, 1 building, 2 stories, Levels: MultiSplit
Floors
Laminate
Heating
Central
Income
Gross Income: $204,912, Net Operating Income: $136,045
Lot
0.181 acres
Parking
8 total parking spaces, Garage, Tandem
Taxes
Parcel Number: 4452024015, Zoning: LCR3*
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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