NOT LISTED FOR SALE

22003 Pacific Coast Hwy Malibu, CA 90265

Estimated Value: $4,223,000 - $5,986,000

4 Beds
3 Baths
100 Sq Ft
$49,759/Sq Ft Est. Value

Last Sold November 30, 2023

Last sale price $6,000,000 $60,000 Per Sq Ft

Est. 17% decrease in value since last sale

Current estimated payment $32,018/month

28 Days on Market

Highlights

  • Ocean View
  • Property has ocean access
  • Fishing
  • Webster Elementary School Rated A
  • Private Pool
  • 6.16 Acre Lot

About This Home

As of November 2023

Worldbid Auction- Bids due prior to or on November 17 noon. Pre Auction offers by November 7th. One of the last buildable unobstructed oceanview properties in Carbon Beach with 2 separate parcels and over 400 plus feet of flat ocean view frontage with views of the entire Santa Monica Bay, the Malibu Pier to Point Dume. Previously a single family residence which has been demolished. The driveway on PCH provides easy accessibility. The previous home’s foundation and pool is present. The two properties have a total of 7.6 acres and have conceptual designs for two houses perched on the upper flat pad and two guest houses on the private road up from PCH. The owners concept is to make a lot line adjustment for the two parcels allowing both to sit side by side on the flat upper pad (email broker for drawings/floor plan pdf) . The current conceptual design has plans for a 6,440 sq ft house and 990 sq ft guest house to the right when facing the ocean and a 4,251 sq ft main home and 990 sq ft guest house on the left (see additional documents for plans). Currently one parcel is accessed from PCH and the other has an easement to it from lower Carbon Canyon. This is one of the last opportunities in Malibu to build on of this size, flat land, close to PCH on the east end of Malibu with spectacular views of the entire Malibu coastline. The seller will provide the buyer a credit in the amount of $50,000 if the buyer submits their pre auction offer no later than NOVEMBER 7TH 2023 noon PT and the buyer’s offer is accepted by the seller and the buyer closes on the purchase of the property no later than NOVEMBER 7TH 2023 noon PT. The credit will be applied to the purchase price.

Last Agent to Sell the Property

Todd Wohl

Premiere Estates International Real Estate License #01912556 Listed on: 10/12/2023

Last Buyer's Agent

Todd Wohl

Premiere Estates International Real Estate License #01912556 Listed on: 10/12/2023

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $61,382

Year Built

  • Built in 1980

Lot Details

  • 6.16 Acre Lot
  • Property fronts a highway
  • Lot Sloped Down
  • Density is up to 1 Unit/Acre
  • 4451,007,009
  • Property is zoned LCR11*

Property Views

  • Ocean
  • Coastline
  • Catalina
  • Panoramic
  • Mountain

Home Design

  • 100 Sq Ft Home
  • Fixer Upper
  • Slab Foundation

Outdoor Features

  • Private Pool
  • Property has ocean access

Listing and Financial Details

  • Tax Lot 018
  • Tax Tract Number 4451
  • Assessor Parcel Number 4451007018

Community Details

Overview

  • No Home Owners Association
  • Foothills
  • Mountainous Community
  • Property is near a preserve or public land

Recreation

  • Fishing
  • Bike Trail

Home Details

Home Type

Single Family

Est. Annual Taxes

$61,382

Year Built

Built in 1980

Lot Details

0

Listing Details

  • Structure Type: House
  • Assessments: Yes
  • Property Attached: No
  • Road Frontage Type: Highway
  • View: Yes
  • Zoning: LCR11*
  • Property Condition: Fixer
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 4451007018
  • Year Built: 1980
  • Special Features: Auction

Interior Features

  • Fireplace: No
  • Living Area: 100.00 Square Feet
  • Entry Location: street
  • Common Walls: No Common Walls
  • Levels: One

Exterior Features

  • Foundation: Slab
  • View: Catalina, Coastline, Mountain(s), Ocean, Panoramic
  • Pool Features: Private
  • Pool Private: Yes

Utilities

  • Laundry: No
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Biking, Fishing, Foothills, Mountainous, Preserve/Public Land

Schools

  • School District: Santa Monica-Malibu Unified

Lot Info

  • Additional Parcels: No
  • Additional Parcels Description: 4451,007,009
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre, Sloped Down, Lot Over 40000 Sqft
  • Lot Size Sq Ft: 268454.00
  • Lot Size Acres: 6.1629

Multi Family

  • Lease Considered: No
  • Lot Size Area: 268454.0000 Square Feet
  • Number Of Units Total: 1
  • Waterfront Features: Ocean Access

Tax Info

  • Tax Census Tract: 8005.04
  • Tax Lot: 018
  • Tax Tract Number: 4451

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 12, 2023
Closed on
Nov 28, 2023
Sold by
Chae Donald
Bought by
John Logan Living Trust and Logan
Seller's Agent
Todd Wohl
Premiere Estates International Real Estate
Buyer's Agent
Todd Wohl
Premiere Estates International Real Estate
List Price
$3,950,000
Sold Price
$6,000,000
Premium/Discount to List
$2,050,000
51.9%
Views
45
Current Estimated Value
$4,975,877

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$1,024,123
Avg. Annual Appreciation
-10.03%

Purchase Details

Closed on
Oct 26, 1999
Sold by
Chae Eun Hee
Bought by
Chae Donald

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$563,000
Interest Rate
7.82%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 12, 1997
Sold by
M D Properties
Bought by
M D Properties

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Interest Rate
7.45%

Purchase Details

Closed on
Jun 5, 1995
Sold by
Shiba Kosan Usa Inc
Bought by
M & D 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
$300,000
Interest Rate
7.88%
Mortgage Type
Seller Take Back
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
John Logan Living Trust $4,800,000 Old Republic Title
Chae Donald -- Fidelity Title
Chae Donald -- Fidelity Title
M D Properties -- American Title Co
M & D Properties Inc $450,000 North American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Chae Donald $2,900,000
Previous Owner M + D Properties $1,250,000
Previous Owner Chae Donald $0
Previous Owner Chae Donald $540,000
Previous Owner Chae Donald $1,250,000
Previous Owner Chae Donald $4,000,000
Previous Owner Chae Donald $0
Previous Owner Chae Donald $2,000,000
Previous Owner Chae Donald $350,000
Previous Owner Chae Donald $960,000
Previous Owner Chae Donald $563,000
Previous Owner M D Properties $500,000
Previous Owner M & D Properties Inc $300,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/30/2023 11/30/23 Sold $6,000,000 +51.9% $60,000 / Sq Ft
10/12/2023 10/12/23 For Sale $3,950,000 -- $39,500 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $61,382 $4,896,000 $4,896,000 --
2024 $61,382 $4,800,000 $4,800,000 --
2023 $18,820 $1,078,423 $1,078,423 $0
2022 $13,638 $1,057,278 $1,057,278 $0
2021 $17,117 $1,036,548 $1,036,548 $0
2019 $13,114 $1,005,804 $1,005,804 $0
2018 $14,162 $986,083 $986,083 $0
2016 $16,007 $947,794 $947,794 $0
2015 $11,498 $933,558 $933,558 $0
2014 $11,388 $915,271 $915,271 $0
Source: Public Records

Agents Affiliated with this Home

  • Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB23190616

California Regional Multiple Listing Service (CRMLS)

APN: 4451-007-018