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    18103 Coastline Dr

    Malibu, CA 90265
    • $4,388,000
    • STATUS: Active
    • ON SITE: 38 days
    • ID#: 20-622068
    $4,388,000
    • 8
      BEDS
    • 0.28
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 4,858
      SQFT
    • $903
      $/SQFT
    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 the Combined LA/Westside Multiple Listing Service as of 2020-09-28T23:42:26.74. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
    www.randyplaice.com/homes/109242980
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    18103 Coastline Dr Malibu, CA 90265

    • Price: $4,388,000
    • Status: Active
    • ID#: 20-622068
    8
    Beds
    0
    Baths
    0
    ½ Baths
    0.28
    Acres
    4,858
    SQFT
    $903
    $/SQFT
    1967
    Built
    Neighborhood:
    Malibu
    County:
    Los Angeles
    Area:
    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 Lot Size Area 12289 Other Structures None Parking Garage Garage Patio Features None Total Parking 6 View Description OceanCoastline View YN Yes

    Interior Features

    Baths Total 8.00 Common Walls Attached Cooling None Equipment DryerWasher Fireplace Rooms None Flooring MixedTileHardwood Heating Electric Laundry In Unit

    Property Features

    Assessed Total Value 2493442 Gross Income 202236 Gross Operating Income 196169 Like Units1 1 Like Units2 1 Like Units3 1 Like Units4 1 Net Operating Income 127586.00 Number Of Buildings 1 Number Of Units 4 Sale Type Standard Source Living Area Vendor Enhanced Source Lot Size Area Vendor Enhanced Total Annual Expense 68583 Type Of Units Apartments Year Built Source Vendor Enhanced Zoning Lar3

    Listing provided courtesy of Kenny Stevens DRE#01090251 of Compass.


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-09-28T23:42:26.74. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
     
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    Randy Plaice and Associates | RE/MAX
    27720 Dickason Drive
    Valencia CA, 91355