22357 Pacific Coast Hwy - Apartments FOR SALE


Malibu, CA 90265- Eastern Malibu
$3,150,000 USD
818-231-5540
22357 Pacific Coast Hwy, Malibu, CA for Sale
$3,150,000 USD
Apartments - FOR SALE
1/23
null | 4.41% Cap Rate

22357 Pacific Coast Hwy
Malibu, CA 90265
Eastern Malibu


HIGHLIGHTS

  • Fully renovated residences featuring premium finishes throughout
  • Subject to Statewide Rent Control (AB 1482) — Not Subject to Los Angeles RSO
  • All units are delivered fully furnished
  • Eight on-site parking spaces configured as four tandem spaces
  • Exceptional scarcity, with only four multifamily properties under 16 units trading in Malibu during the past four years
  • Attractive unit mix consisting of two spacious 2-bedroom/2-bath units and and two 1-bedroom/1-bathroom units

OVERVIEW

22357 Pacific Coast Highway presents a rare four-unit investment opportunity 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 mix consisting 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 and generating income from the remaining units.

FOR SALE DETAILS

PRICE

$3,150,000 USD

PRICE/SF

$733 USD /SF

# OF UNITS

4

PRICE/UNIT

$787,500

CAP RATE

4.41%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Rare Turn-Key 4 Unit in Prime Malibu

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1961

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.18 AC

LAND SF

7,841 SF

ZONING

LCR3*

APN/PARCEL ID

4452-024-015

ASK ABOUT THIS PROPERTY

David SaghianLyon Stahl Investment Real EstateMore Info
818-231-5540

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David SaghianLyon Stahl Investment Real EstateMore Info
818-231-5540

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.