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    18103 Coastline Drive

    Malibu, CA 90265
    • $4,388,000
    • STATUS: Active
    • ON SITE: 61 days
    • ID#: 20622068
    UPDATED: 7 min ago
    $4,388,000
    • 0
      BEDS
    • 0.28
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1967
    County:
    Area:

    School Ratings & Info

    Description

    18103 Coastline Drive, a well-maintained four-unit multifamily property overlooking the Pacific Ocean in the tranquil coastal community of Malibu. Located around the corner from The Getty Villa and one mile north of Sunset Boulevard, residents are close in proximity to the Pacific Palisades and Santa Monica. The 4,858 SF two-story building sits on a 12,288 SF lot, and is comprised of (4) bright and spacious two-bedroom and two bath units featuring stunning panoramic ocean views from every room (except the back bedroom). Each unit comes equipped with a washer and dryer. Additionally, the subject property includes 6 side-by-side garage parking spots. This beachside property offers a significant value-add opportunity to potential investors, as current rents are approximately 43% below market value for nicely remodel remodeled units in the area. 18103 Coastline Drive allows investors to acquire a phenomenal multifamily property in Los Angeles elite coastal community.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-10-22T07:30:23.58. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Marelly Group | Compass. Licensed in the State of California, USA.

    www.themarellygroup.com/homes/109245579
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    18103 Coastline Drive Malibu, CA 90265

    • Price: $4,388,000
    • Status: Active
    • Updated: 7 min ago
    • ID#: 20622068
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.28
    Acres
    1967
    Built
    Neighborhood:
    C33 - Malibu
    County:
    Los Angeles
    Area:
    C33 - Malibu
    Property Description
    18103 Coastline Drive, a well-maintained four-unit multifamily property overlooking the Pacific Ocean in the tranquil coastal community of Malibu. Located around the corner from The Getty Villa and one mile north of Sunset Boulevard, residents are close in proximity to the Pacific Palisades and Santa Monica. The 4,858 SF two-story building sits on a 12,288 SF lot, and is comprised of (4) bright and spacious two-bedroom and two bath units featuring stunning panoramic ocean views from every room (except the back bedroom). Each unit comes equipped with a washer and dryer. Additionally, the subject property includes 6 side-by-side garage parking spots. This beachside property offers a significant value-add opportunity to potential investors, as current rents are approximately 43% below market value for nicely remodel remodeled units in the area. 18103 Coastline Drive allows investors to acquire a phenomenal multifamily property in Los Angeles elite coastal community.
    Exterior Features

    Entry Location Ground Level W/Steps Garage Spaces 6.00 Lot Size Units Square Feet Parking Features Garage Parking Total 6.00 Parking YN Yes View OceanCoastline View YN Yes

    Interior Features

    Cooling None Cooling YN No Fireplace Features None Fireplace YN No Flooring TileWood Heating Electric Heating YN Yes

    Property Features

    Additional Parcels YN No Country Us Financial Info As Of 2020-08-21 00:00:00 Gross Income 202236.00 Gross Multiplier 21.70 Gross Operating Income 196169.00 Net Operating Income 127586.00 Senior Community YN No Special Listing Conditions Standard Total Expenses 68583.00 Zoning Lar3

    Listing provided courtesy of Kenny Stevens of Compass


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-10-22T07:30:23.58. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Marelly Group | Compass. Licensed in the State of California, USA.

     
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    The Marelly Group | Compass
    5256 South Mission Rd, Suite 1006
    Bonsall CA, 92003