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Key Details
Sold Price $5,125,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 23241153
Sold Date 03/17/23
Bedrooms 5
HOA Y/N No
Year Built 1964
Lot Size 0.252 Acres
Property Description
Location! Location! Location! This diamond-in-the-rough is sold "AS IS" & situated in a highly SOUGHT-AFTER location in coveted Point Dume! It is surrounded by eight-figure homes & is the best-priced property in the area! Just a few feet away from majestic trails at nearby bluffs w/ panoramic ocean views, & trails to sandy Westward Beach! This OCEAN-VIEW, classic, beachy triplex offers an investment opportunity by improving the current rental income to market rates, potentially maximizing w/ short-term rentals, or by possibly renovating it into a single-family of your dreams! The property has a classic Malibu-beach-style motif, emphasizing indoor/outdoor & open-concept living. Oversized windows, beamed ceilings & ceiling fans maximize their sunlit and airy rooms. Each unit is separately metered. UNIT #1: 1 bd/1 bath. The ocean-view living room which opens onto a view deck is everything! There's an abundance of space for relaxing & dining indoors/outdoors. An in-unit washer/dryer is in the kitchen (in addition to the building's laundry room) & an enclosed garage has plenty of storage. BBQ anyone? Enjoy the add'l downstairs covered patio space! UNIT #2: 2 bd/2 bath. Another great ocean-view unit w/ a large, semi-covered deck, enclosed garage, & lots of storage space. Return from the beach to the open living-family room drenched with sunlight via the wraparound windows. UNIT #3: 2 bd/2 bath. Take in the ocean-view, open-concept living room-kitchen-sunroom & a spacious private patio for dining &/or reading w/ lovely treetop & ocean views. A bonus storage area can fit beach equipment, surfboards, etc! Embark on classic stunning Malibu beach days & sunset nights at this memory-making special property w/ its easy beach/hiking access, gentle, cool, ocean breezes & off-street parking. This is prime Point Dume location and investment opportunity.
Location
State CA
County Los Angeles
Area C32 - Malibu Beach
Zoning LCR220000*
Interior
Interior Features Ceiling Fan(s)
Heating Wall Furnace
Cooling None
Fireplace No
Appliance Dishwasher, Disposal, Dryer, Washer
Exterior
Garage Assigned, Concrete, Guest, Private, Uncovered
Parking Type Assigned, Concrete, Guest, Private, Uncovered
Total Parking Spaces 6
Building
New Construction No
Others
Senior Community No
Tax ID 4468020022
Special Listing Condition Standard
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Bought with Hakop Taglyan • Butlered Real Estate Brokerage
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Monique H. Ott-Beacham
Broker | License ID: DRE #01448692
Broker License ID: DRE #01448692