$2,700,000
SOLD NOV 8, 2022

20759 Pacific Coast Hwy Malibu, CA 90265

2 Beds
1 Bath
1,224 Sq Ft
0.48 Acres

Recently Sold

$2,206 Per Sq Ft

23% Below List Price

66 Days on Market

Highlights

  • Beach Front
  • Ocean View
  • Automatic Gate
  • Webster Elementary School Rated A
  • Property has ocean access
  • Traditional Architecture

About This Home

As of November 2022

Soak up panoramic ocean views and endless natural light in this freshly updated Malibu oasis. Perched on the bluffs by Las Flores Beach, this privately gated single-level home features two bedrooms, a relaxed layout, recent upgrades, and a wraparound deck that invites you to luxuriate in serene seaside living. Pull up to a gated driveway with space for three cars. Enclosed behind the property's fence and grove of cypress trees, discover beautifully landscaped grounds where you can entertain. When you enter, ample natural light and new hardwood floors welcome you into a comfortable open-concept living area with a wood-burning fireplace, dining area, and bright, beachy kitchen. The Viking range and new fixtures will make future meal prep a delight. Floor-to-ceiling glass doors seamlessly extend the home's interior to the balcony - a perfect place to wake up and listen to the waves or watch the glistening lights of the Queen's Necklace. Take in more views from the comfort of your primary bedroom. Sleep soundly knowing that cameras surround the property. Additional highlights include freshly painted walls, brand new grates, LG thinQ IQ stackable washer and dryer, brand new custom window treatments throughout, brand new AC unit, and a new water heater. Pristinely situated, the home puts you within steps of sandy beaches, only moments from downtown Santa Monica, and just a few minutes from Malibu's famed amenities, including Nobu and the pier. Also available for LEASE for $20,000/month.

Last Agent to Sell the Property

Farrah Brittany Aldjufrie

The Agency License #01933070 Listed on: 08/29/2022

The Agency

Last Buyer's Agent

Soheil Seyedhendi

Equity Union License #02055898

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $32,662

Year Built

  • Built in 1922 | Remodeled

Lot Details

  • 0.48 Acre Lot
  • Lot Dimensions are 131x160
  • Beach Front
  • West Facing Home
  • Gated Home
  • Lawn
  • Front Yard
  • Property is zoned LCR115

Property Views

  • Ocean
  • Coastline
  • Views of a pier
  • Catalina
  • Panoramic
  • Mountain
  • Hills

Home Design

  • Traditional Architecture

Interior Spaces

  • 1-Story Property
  • Wood Burning Fireplace
  • Entryway
  • Family Room
  • Living Room with Fireplace
  • Dining Area
  • Wood Flooring

Kitchen

  • Oven or Range
  • Freezer
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Laundry

  • Laundry Room
  • Dryer
  • Washer

Parking

  • 3 Open Parking Spaces
  • 4 Parking Spaces
  • Private Parking
  • Driveway
  • Automatic Gate
  • On-Street Parking

Outdoor Features

  • Property has ocean access
  • Balcony
  • Open Patio

Utilities

  • Central Heating and Cooling System

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 4450-007-019

Home Details

Home Type

Single Family

Est. Annual Taxes

$32,662

Year Built

Built in 1922 | Remodeled

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Style: Traditional
  • Street Number Display: Yes
  • Lot Acreage: 0.4767
  • Lot Dimensions: 131x160
  • Property Condition: Updated/Remodeled
  • Stories: 1
  • Year Built: 1922
  • Number Of Photos: 27
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Fireplace Rooms: Wood Burning, Living Room
  • Flooring: Hardwood
  • Bedrooms: 2
  • Fireplaces: 1
  • Full Bathroom: 1
  • Half Bathroom: 0
  • Common Walls: Attached
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 0
  • Dining Room: 0
  • Family Room: 1
  • Laundry: Inside
  • Total Bathrooms: 1.00
  • Den: 0
  • Equipment: Garbage Disposal, Dishwasher, Range/Oven, Refrigerator, Washer, Dryer, Freezer
  • Fireplace: Yes

Exterior Features

  • Direction Faces: West
  • Other Features: Balcony
  • Other Structures: None
  • Pool: No
  • Spa Yn: No
  • View: Ocean, Mountains, Water, Panoramic, Pier, Catalina, Coastline, Hills
  • View: Yes
  • Waterfront: Ocean

Garage/Parking

  • Other Spaces: 3
  • Parking Garage: Auto Driveway Gate, Private, Gated, Driveway, Above Street Level, On street
  • Total Parking: 4

Utilities

  • Cooling: Central
  • Heating: Fireplace, Central
  • Security: Gated, Automatic Gate

Condo/Co-op/Association

  • HOA: No

Lot Info

  • Assessor Parcel Number: 4450-007-019
  • Lot Description: Fenced, Automatic Gate, Front Yard, Lawn, Yard
  • Lot Location: Beach Front, Ocean Access, Beach Access, Ocean Front
  • Lot Size Area: 20763

Rental Info

  • Lease Option: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 29, 2022
Closed on
Nov 4, 2022
Sold by
Stiegler Robin
Bought by
Banayan Family Trust
Seller's Agent
Farrah Brittany Aldjufrie
The Agency
Buyer's Agent
Soheil Seyedhendi
Equity Union
List Price
$3,500,000
Sold Price
$2,700,000
Premium/Discount to List
-$800,000
-22.86%
Views
521
Current Estimated Value
$3,514,810

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$814,810
Avg. Annual Appreciation
12.36%
Original Mortgage
$1,300,000
Outstanding Balance
$1,250,609
Interest Rate
5.25%
Mortgage Type
New Conventional
Estimated Equity
$2,460,868

Purchase Details

Listed on
Jul 31, 2021
Closed on
Sep 1, 2021
Sold by
Issa Nehmedo Mohamed and Nehmedo Mohamed Issa Trust
Bought by
Steigler Robin
Seller's Agent
Nikki Hutcheson
Compass
Buyer's Agent
Craig Jacob
List Price
$2,695,000
Sold Price
$2,475,000
Premium/Discount to List
-$220,000
-8.16%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.15%
Original Mortgage
$1,980,000
Interest Rate
5.25%
Mortgage Type
New Conventional

Purchase Details

Listed on
Sep 19, 2020
Closed on
Nov 17, 2020
Sold by
Chenouda Frank and Chenouda Steven Frank
Bought by
Chenouda Frank Guirguis
Seller's Agent
William Sculley
Douglas Elliman
Buyer's Agent
William Sculley
Douglas Elliman
Sold Price
$7,250

Purchase Details

Closed on
Jul 2, 2020
Sold by
Issa Nehmedo Mohamed
Bought by
Issa Nehmedo Mohamed and Teh Nehmedo Mohamed Issa Trust

Purchase Details

Closed on
May 26, 2020
Sold by
Chenouda Frank and Issa Nehmedo Mohamed
Bought by
Chenouda Frank Guirguis

Purchase Details

Closed on
Mar 12, 2020
Sold by
Issa Nehmedo Mohamed and Issa Steven Frank
Bought by
Chenouda Frank and Issa Nehmedo Mohamed

Purchase Details

Closed on
Jun 14, 2013
Sold by
Steven Frank and Steven Nancy
Bought by
Issa Nemedo Mohamed and Issa Steven Frank

Purchase Details

Closed on
Oct 19, 2010
Sold by
The Bank Of New York Mellon
Bought by
Steven Frank and Steven Nancy

Purchase Details

Closed on
Jan 15, 2010
Sold by
Mashraghy Alireza
Bought by
The Bank Of New York Mellon and The Bank Of New York

Purchase Details

Closed on
May 13, 2009
Sold by
Mashraghy Alireza and Mashraghy Bahar
Bought by
Mashraghy Alireza

Purchase Details

Closed on
Jan 29, 2008
Sold by
Mashraghy Alireza
Bought by
Mashraghy Alireza and Mashreghi Bahar

Purchase Details

Closed on
Nov 4, 2003
Sold by
Dobson Douglas and Dobson Olga
Bought by
Mashraghy Alireza

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$650,000
Interest Rate
6%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 30, 2003
Sold by
Kian Albert S
Bought by
Dobson Douglas and Dobson Olga

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$412,000
Interest Rate
5.61%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Jun 24, 1999
Sold by
Kian Albert Saul
Bought by
Kian Albert S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$9,183
Interest Rate
7.63%
Mortgage Type
Unknown
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Grant Deed $2,700,000 Fidelity National Title
Grant Deed $2,475,000 Provident Title Company
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- None Available
Grant Deed $657,506 Landsafe Title
Trustee Deed $1,156,500 Landsafe Title
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- None Available
Grant Deed $950,000 Lawyers Title Company
Grant Deed -- California Title Company
Interfamily Deed Transfer -- Investors Title Company
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $1,300,000 New Conventional
Previous Owner $100,000 Stand Alone Second
Previous Owner $1,980,000 New Conventional
Previous Owner $300,000 Credit Line Revolving
Previous Owner $1,500,000 Unknown
Previous Owner $650,000 Purchase Money Mortgage
Previous Owner $412,000 Credit Line Revolving
Previous Owner $100,000 Unknown
Previous Owner $9,183 Unknown
Previous Owner $312,000 No Value Available
Closed $200,000 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/08/2022 11/08/22 Sold $2,700,000 -9.8% $2,206 / Sq Ft
11/03/2022 11/03/22 Pending -- -- --
10/04/2022 10/04/22 Price Changed $2,995,000 -7.8% $2,447 / Sq Ft
09/12/2022 09/12/22 Price Changed $3,250,000 -7.1% $2,655 / Sq Ft
08/29/2022 08/29/22 For Sale $3,500,000 +41.4% $2,859 / Sq Ft
09/28/2021 09/28/21 Sold $2,475,000 -8.2% $2,022 / Sq Ft
08/24/2021 08/24/21 Pending -- -- --
07/31/2021 07/31/21 For Sale $2,695,000 0.0% $2,202 / Sq Ft
11/14/2020 11/14/20 Rented $7,250 -6.8% --
09/19/2020 09/19/20 For Rent $7,775 +29.6% --
10/04/2019 10/04/19 Rented $6,000 -7.7% --
08/22/2019 08/22/19 Price Changed $6,500 -9.7% $5 / Sq Ft
08/06/2019 08/06/19 Price Changed $7,200 -10.0% $6 / Sq Ft
07/11/2019 07/11/19 For Rent $8,000 -- --
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 $32,662 $1,460,722 $1,460,722 --
2024 $32,662 $2,754,000 $2,203,200 $550,800
2023 $32,033 $2,700,000 $2,160,000 $540,000
2022 $29,623 $2,475,000 $1,980,000 $495,000
2021 $9,959 $778,215 $622,575 $155,640
2020 $9,902 $770,237 $616,192 $154,045
2019 $9,764 $755,135 $604,110 $151,025
2018 $9,211 $740,329 $592,265 $148,064
2016 $8,872 $711,582 $569,267 $142,315
2015 $8,754 $700,895 $560,717 $140,178
2014 $8,649 $687,167 $549,734 $137,433
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 22-194557

The MLS

APN: 4450-007-019