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20747 Pacific Coast Highway, Malibu, CA

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20747 Pacific Coast Highway

Malibu, CA 90265-5418 - Eastern Malibu MF Submarket

Property Type:Multi-Family Number of Units:13 Status:Existing Year Built:1963
Stories:2 Building Size:9,620 SF Land Area:.71 AC (30,814 SF)
For Sale Price:$13,295,000 Price/Unit:$1,022,692.31 Cap Rate:3.40 % GRM:19.23

Parking:2.39 Parking Spaces / 1,000 SF

Property Description: Multi Family - 12 Units

Sale Notes:
Marcus & Millichap, as the exclusive listing agent, is pleased to present the opportunity to acquire 20747 PCH, a 13-unit (12+1NC) apartment community overlooking the Pacific Ocean in Malibu. Originally built in 1963 and completely renovated in 2015-2016, 20747 PCH represents an opportunity to acquire a turnkey luxury apartment community in an unparalleled location with approximately 20% of upside in rental income through raising all rents to market levels already achieved at the property.

Marcus & Millichap Inc
Michael DiSimone
(213) 943-1854

Ronald Harris

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