4-Unit Turnkey Multifamily In the Heart of Malibu
LIST PRICE: $3,150,000 CAP RATE: 4.32% GRM: 15.37 PRICE PER SQUARE FOOT: $885
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
Investment Highlights
Rare four-unit trophy asset in Malibu ’s highly supply-constrained multifamily market
Attractive unit mix consisting of two spacious 2-bedroom/2-bath units of approximately 1,100 square feet and two 1-bedroom/1-bathroom units of approximately 700 square feet
Fully renovated residences featuring premium finishes throughout
Eight on-site parking spaces configured as four tandem spaces
Ideally located along Pacific Coast Highway near Nobu, Cross Creek Ranch, Malibu Sands Shopping Center, and an array of premier dining, shopping, and entertainment destinations
Exceptional scarcity, with only four multifamily properties under 16 units trading in Malibu during the past four years
Originally built in 1961 and situated on an approximately 7,883-square-foot lot, the property has undergone extensive improvements, including upgrades to the roof, plumbing, and other major building systems
All units are delivered fully furnished, providing a turnkey opportunity for the new ownership and minimizing upfront furnishing costs
Subject to Statewide Rent Control (AB 1482) — Not Subject to Los Angeles RSO
Exclusively Listed By:
David Saghian
(310) 401-1559
dsaghian@lyonstahl.com