See Home Value
$8,275,000
● House - Off Market

25216 MALIBU Road

Malibu, CA 90265
bedrooms
7 Beds
bathrooms
4 Baths, 1 Half Bath
square feet
4,032 Ft²
$13,538,961
RealtyHop Estimate
51.27%
Since Oct 1, 2018
National-US
Primary Model

About This Property

Incredible opportunity to own this rare beachfront triplex on 50 feet of prime Malibu Road. Stunning penthouse spanning the entire upper level offers an oceanfront great room with fireplace, great dining area and gourmet kitchen, all open to an expansive outdoor deck. The penthouse has 3 bedrooms, 2 baths and private laundry room. There are two lower units, each with 2 bedrooms, one with 1 bath and the other with 1.5 baths. They both have open living and kitchen spaces and private oceanfront decks. The property also has two 1 car private garages, and one 2 car garage with ample parking in front of the garages or street parking. Great owner user while having rental income or current owners are in process with Lester Tobias AIA to turn into a fantastic single family residence. All three units are currently occupied month to month. Perfect for a 1031 tax exchange as well.
Unit Size
4,032 Ft²
Days on Market
257 days
Land Size
0.15 acres
Price per sqft
$2,220
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1961

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Last updated: 4 months ago (CLAW #18302452)

Price History

Date / Event Date Event Price
Sep 26, 2018 Sold
Sold
Aug 13, 2018 No longer available -
No longer available
May 15, 2018 Listed $8,950,000
Listed
Incredible opportunity to own this rare beachfront triplex on 50 feet of prime Malibu Road. Stunning penthouse spanning the entire upper level offers an oceanfront great room with fireplace, great dining area and gourmet kitchen, all open to an expansive outdoor deck. The penthouse has 3 bedrooms, 2 baths and private laundry room. There are two lower units, each with 2 bedrooms, one with 1 bath and the other with 1.5 baths. They both have open living and kitchen spaces and private oceanfront decks. The property also has two 1 car private garages, and one 2 car garage with ample parking in front of the garages or street parking. Great owner user while having rental income or current owners are in process with Lester Tobias AIA to turn into a fantastic single family residence. All three units are currently occupied month to month. Perfect for a 1031 tax exchange as well. The manager has listed the unit size as 4032 square feet.
Jan 12, 2018 Listed by Pinnacle Estate Properties $8,950,000
Listed by Pinnacle Estate Properties

Property Highlights

Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1961
  • Effective Year Built: 1971
  • Building Count: 1
  • Bedroom Count: 8
  • Bathroom Count: 8
  • Full Bathrooms: 8
  • Partial Bathrooms: 8
  • Building Condition: 0
  • Building Quality: 1
  • Construction Type: 17
  • Building Style: 32
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Living Units: 4
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,489
  • Total Building Area: 4,032
  • Gross Building Area: 4,032
  • Building Area: 4,032
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 0
  • Heated Square Feet: 4,032
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: 12939
  • Land Acres: 0000000149
  • Standard Land Use Code: 1103
  • County Land Use Code: 0400
  • Legal Description 1: TRACT NO 12939 VAC ST ADJ ON N AND LOT/SEC 18

Neighborhood

  • School District Name: Santa Monica-Malibu Unified School District
  • Census Tract: 800410

Zoning

  • Zoning: LCR3*

Geography

  • Assessors Map Reference: 113-D5
  • Subdivision Tract Number: 12939
  • Parcel: 4459-015-017
  • Lot: 18
  • Municipality: WEST /MALIBU RES INC
  • Latitude: 34.0321
  • Longitude: -118.724

    Address

  • Full Address: 25216 Malibu Rd
  • Address - House Number: 25216
  • Address - Street Name: Malibu
  • Address - Suffix Type: Rd
  • State: CA
  • City Name: Malibu
  • Carrier Code: C002
  • 4-Digit Zip Code: 4635
  • Zip Code: 90265

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $10,223,613
  • Tax Rate Code Area: 10-865

    Appraisal Valuation

  • Standard Deviation: 0.2212
  • Valuation Date: Aug 04, 2023
  • Confidence Score: 69
  • Final Value: 2,644,877
  • High Value: 3,230,135
  • Low Value: 2,059,619

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $8,872,470
  • Assessed Land Value: $8,041,515
  • Assessed Improvements Value: $830,955

    Sales

  • Current Sale Contract Date: Sep 21, 2018
  • Current Sale Recording Date: Sep 26, 2018
  • Current Sale Price:
  • Current Sale Document Type: 36
  • Current Sale Input Document Number: 18-0981863
  • Previous Sale Recording Date: May 25, 2017
  • Previous Sale Contract Date: Apr 10, 2017
  • Previous Sale Amount: $7,562,500
  • Previous Sale Document Type: 36

    Financing

  • First Mortgage Financing Type: ADJ
Data used for valuation calculations is provided by RealtyHop, and other third party sources

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Central Malibu


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Unit for rent at 25119 Malibu Road, MALIBU, CA, 90265

$6,750 /mo

  • 1 Bed
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Frequently Asked Questions

When was property at 25216 Malibu Road built and last sold?
The property at 25216 Malibu Road was built in 1961 and last sold on Sep 21, 2018 for $8,275,000.
How much is this home worth?
The estimated value of the home located at 25216 Malibu Road is $9,039,500.
What are some comparable homes to 25216 Malibu Road?
There are currently no comparable homes to 25216 Malibu Road.