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Malibu, CA Multifamily Home for Sale

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    $8,000,000

    • 1 Bed
    • 1 Bath
    • 6,076 Sq Ft

    20656 Pacific Coast Hwy, Malibu, CA 90265

    10-unit apartment complex on Las Flores Beach with 110 feet of frontage on PCH. Unbelievable opportunity for income property.

    Jonathan Minerick Homecoin.com

    20656 Pacific Coast Hwy, Malibu, CA 90265

Why Live in Malibu

Malibu, California, is renowned for its stunning beaches, luxurious homes, and strong sense of community. Located 14 miles west of Los Angeles, Malibu offers residents a mix of natural beauty and upscale amenities. The city is famous for its world-class surfing beaches like Zuma Beach and Surfrider Beach, as well as scenic hiking trails in the Santa Monica Mountains, including Zuma Canyon and Escondido Canyon. Malibu's real estate market features a range of properties from beachfront villas to hillside mansions with ocean views, making it one of the most sought-after areas in the country. The local schools, part of the Santa Monica-Malibu Unified School District, are highly rated, contributing to the area's appeal for families. Malibu Country Mart and Malibu Village Mall serve as the central hubs for shopping and dining, offering upscale boutiques, elegant restaurants, and public art galleries. The Adamson House Museum and Malibu Bluffs Park provide cultural and recreational attractions. Despite its allure, Malibu faces challenges such as wildfires, mudslides, and the Santa Ana Winds, which necessitate ongoing disaster preparedness and infrastructure improvements. The Pacific Coast Highway, a scenic route through Malibu, connects residents to nearby Santa Monica and Los Angeles International Airport, though traffic can be heavy during peak hours.

Home Trends in Malibu, CA

Housing Trends

Median Sale Price
$3,235,000
Median Single Family Sale Price
$5,950,000
Median Townhouse Sale Price
$3,295,000
Median 2 Bedroom Sale Price
$1,375,000
Median 1 Bedroom Sale Price
$999,000
Average Price Per Sq Ft
$2,038
Number of Homes for Sale
304
Last 12 months Home Sales
302
Months of Supply
12.10
Median List Price
$4,750,000
Median Change From 1st List Price
7%
Median Home Sale Price YoY Change
-13%
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