NOT LISTED FOR SALE

20288 Pacific Coast Hwy Unit 3 Malibu, CA 90265

Estimated Value: $3,303,000 - $9,196,027

1 Bed
1 Bath
675 Sq Ft
$10,223/Sq Ft Est. Value

Highlights

  • Beach Front
  • White Water Ocean Views
  • Deck
  • Webster Elementary School Rated A
  • Detached Guest House
  • Furnished

About This Home

As of May 2014

Beautifully furnished Cottage with Bamboo Floors in Living Room opening up to a large private Deck with views of Queens Necklace and Palos Verdes to Point Dume. Living room with Fireplace, and views from Sunrise to Sunset. First time for Lease in years. A fabulous location to enjoy this Malibu home for surfing, swimming, kayaking or just lounging on the Deck. Close to Santa Monica and minutes from Center of Malibu forshopping and dining! Walking distance to Moonshadows Restaurant if you want to dine on at the sea or dine at sea on your own deck.Complete with Wifi and Flat Screen TV and all the comforts of Paradise.

Last Agent to Rent the Property

Sophie Kidian

Coldwell Banker Realty License #01259395 Listed on: 02/25/2014

Coldwell Banker Realty

Last Renter's Agent

Sophie Kidian

Coldwell Banker Realty License #01259395 Listed on: 02/25/2014

Coldwell Banker Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $91,666

Year Built

  • Built in 1955

Lot Details

  • 10,226 Sq Ft Lot
  • Beach Front
  • South Facing Home
  • Property is zoned LCR303

Property Views

  • White Water Ocean
  • Coastline

Home Design

  • Cottage
  • Entry on the 1st floor

Interior Spaces

  • 675 Sq Ft Home
  • 1-Story Property
  • Furnished
  • Living Room with Fireplace
  • Slate Flooring
  • Stacked Washer and Dryer Hookup

Kitchen

  • Breakfast Bar
  • Oven
  • Microwave

Bedrooms and Bathrooms

  • 1 Bedroom
  • Remodeled Bathroom
  • 1 Full Bathroom
  • Bathtub with Shower

Parking

  • 1 Parking Space
  • On-Street Parking

Outdoor Features

  • Deck
  • Open Patio

Additional Homes

  • Detached Guest House

Utilities

  • Heating System Mounted To A Wall or Window
  • Property is located within a water district
  • Gas Water Heater
  • Water Purifier
  • Cable TV Available

Community Details

Listing and Financial Details

  • Security Deposit $9,000
  • Rent includes cable TV, electricity, gas
  • 12 Month Lease Term
  • Assessor Parcel Number 4450-004-036

Home Details

Home Type

Single Family

Est. Annual Taxes

$91,666

Year Built

Built in 1955

Lot Details

0

Rental Info

  • Cashiers Check: 1st Month Rent, Pet Deposit, Security Deposit
  • Credit Report Amount: 25.00
  • Credit Report Paid By: Tenant
  • Credit Report Required: Yes
  • Furnished: Furnished
  • Rent Includes: Cable TV, Electricity, Gas
  • Security Deposit: 9000

Listing Details

  • Property Type: Residential Lease
  • Style: Cottage
  • Single Family Or Apt: Single Family
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: No
  • Complex Name: Serenity at Sea
  • Entry Floor: 1
  • Entry Location: Ground Level - no steps
  • Lease Terms: 1-Year
  • Living Area: 675
  • Planned Urban Dev: 0
  • Probate: No
  • Stories: 1
  • Year Built: 1955
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Fireplace Rooms: Living Room
  • Flooring: Slate
  • Appliances: Free Standing Gas, Microwave, Oven
  • Bedrooms: 1
  • Fireplaces: 1
  • Full Bathroom: 1
  • Half Bathroom: 0
  • Common Walls: Detached/No Common Walls
  • One Quarter Bathrooms: 0
  • Bathroom Features: Remodeled, Shower and Tub, Travertine
  • Three Quarter Bathrooms: 0
  • Eating Areas: Breakfast Counter / Bar
  • Total Bathrooms: 1.00
  • Equipment: Cable, Gas Dryer Hookup, Microwave, Range/Oven, Refrigerator, Stackable W/D Hookup, Water Purifier
  • Fireplace: Yes
  • Price Per S Q F T: 6.67

Exterior Features

  • Balcony: yes
  • Direction Faces: South
  • Tennis Court Y/N: No
  • Exposure: Southern
  • Guest House: Detached
  • Patio: Deck(s)
  • Pool: No
  • View: Coastline, Ocean, White Water
  • View: Yes

Garage/Parking

  • Parking Garage: On street
  • Total Parking: 1

Utilities

  • Water Heater: Gas
  • Heating: Wall Gas
  • Water: District

Association/Amenities

  • Pet Rules: Call, Submit Pets

Condo/Co-op/Association

  • Unit Location: end

Lot Info

  • Horses: No
  • Assessor Parcel Number: 4450-004-036
  • Geocode Override: No
  • Lot Location: Beach Front
  • Lot Size Area: 10226

Multi Family

  • Number Of Units: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 26, 2015
Sold by
Kushner Donald
Bought by
623 La Peer Llc
Current Estimated Value
$6,900,342

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,000,000
Outstanding Balance
$2,301,873
Interest Rate
3.65%
Mortgage Type
Seller Take Back
Estimated Equity
$4,598,469

Purchase Details

Closed on
Jan 12, 2007
Sold by
Kushner Donald
Bought by
Kushner Donald

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,000,000
Interest Rate
6.12%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 24, 2004
Sold by
Lander Scott
Bought by
Kushner Donald

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,193,750
Interest Rate
2.4%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 25, 2003
Sold by
20300 Pch Llc
Bought by
Aghachi Abraham

Purchase Details

Closed on
Mar 21, 2002
Sold by
Baer Peter and Baer Christina
Bought by
Lander Scott

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,312,500
Interest Rate
6.87%

Purchase Details

Closed on
Aug 24, 1999
Sold by
Pro Value Properties Inc
Bought by
Baer Peter and Baer Christina

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$805,000
Interest Rate
3.35%

Purchase Details

Closed on
Aug 12, 1999
Sold by
Corrodi John T and Corrodi Kay V
Bought by
Pro Value Properties Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$805,000
Interest Rate
3.35%
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
623 La Peer Llc $6,400,000 First American Title Company
Kushner Donald -- New Century Title Co La Gd
Kushner Donald $3,375,000 Fidelity National Title Co
Kushner Donald -- Fidelity National Title Co
Aghachi Abraham -- Lawyers Title
Lander Scott $1,875,000 Orange Coast Title
Baer Peter $1,150,000 South Coast Title
Pro Value Properties Inc $684,700 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 623 La Peer Llc $3,000,000
Previous Owner Kushner Donald $2,000,000
Previous Owner Kushner Donald $2,193,750
Previous Owner Lander Scott $1,312,500
Previous Owner Baer Peter $805,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/03/2014 05/03/14 Rented $4,000 0.0% --
05/03/2014 05/03/14 Under Contract -- -- --
02/25/2014 02/25/14 For Rent $4,000 -- --
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $91,666 $3,831,641 $3,831,641 --
2024 $91,666 $7,541,015 $5,779,247 $1,761,768
2023 $90,069 $7,393,153 $5,665,929 $1,727,224
2022 $88,874 $7,248,190 $5,554,833 $1,693,357
2021 $86,754 $7,106,069 $5,445,915 $1,660,154
2020 $86,222 $7,033,206 $5,390,074 $1,643,132
2019 $85,027 $6,895,301 $5,284,387 $1,610,914
2018 $80,836 $6,760,100 $5,180,772 $1,579,328
2016 $77,878 $6,497,599 $4,979,598 $1,518,001
2015 $53,611 $4,352,420 $3,549,019 $803,401
2014 $52,850 $4,267,163 $3,479,499 $787,664
Source: Public Records

Agents Affiliated with this Home

  • Sophie Kidian

    Landlord's Agent in 2014

    Sophie Kidian

    Coldwell Banker Realty

    (310) 962-2561

    5 Total Sales

    Sophie Kidian
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Map

Source: The MLS

MLS Number: 14-739815

The MLS

APN: 4450-004-036

California Los Angeles County Malibu 90265

20288 Pacific Coast Hwy Unit 3, Malibu, CA

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