NOT LISTED FOR SALE

24016 Malibu Rd Malibu, CA 90265

Malibu Road Neighborhood

Estimated Value: $5,252,000 - $10,071,048

3 Beds
3 Baths
1,412 Sq Ft
$5,593/Sq Ft Est. Value

Last Sold June 14, 2013

Last sale price $3,780,000 $2,677 Per Sq Ft

Est. 109% increase in value since last sale

Current estimated payment $45,492/month

Highlights

  • Beach Front
  • White Water Ocean Views
  • Oceanside
  • Webster Elementary School Rated A
  • Property has ocean access
  • Contemporary Architecture

About This Home

As of November 2018

This stunning, contemporary beachfront house, located on Malibu Road, has 3 bedrooms and 3 baths with beautiful panoramic views of the Colony and Santa Monica Bay and beyond. A bright and open floor plan with vaulted ceilings boasts hardwood floors and a sleek kitchen with professional appliances. The living room and master bedroom both open to an expansive balcony space that overlooks the beaches. Endless coastline and Pacific Coast views. Close to shopping and wonderful restaurants. Summer rates: June, July, & August is $35,000 per month.

Last Agent to Rent the Property

Chris Cortazzo

Compass License #01190363 Listed on: 12/02/2017

Compass

Last Renter's Agent

Kelly Pessis

Compass License #01254996

Compass

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1958

Lot Details

  • 5,925 Sq Ft Lot
  • Beach Front
  • Property is zoned LCR106

Property Views

  • White Water Ocean
  • Coastline
  • Catalina
  • Panoramic
  • City Lights

Home Design

  • Contemporary Architecture

Interior Spaces

  • 1,412 Sq Ft Home
  • 1-Story Property
  • Furnished
  • Built-In Features
  • Gas Fireplace
  • Living Room with Fireplace
  • Dining Area
  • Laundry in Garage

Kitchen

  • Oven or Range
  • Freezer
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Full Bathrooms

Parking

  • 2 Car Garage
  • Guest Parking

Outdoor Features

  • Property has ocean access
  • Oceanside
  • Living Room Balcony

Utilities

  • Central Heating and Cooling System
  • Property is located within a water district
  • Septic Tank
  • Cable TV Available

Listing and Financial Details

  • Security Deposit $22,500
  • Tenant pays for cable TV, electricity, gas, trash collection, water
  • Assessor Parcel Number 4458-009-009

Home Details

Home Type

Single Family

Year Built

Built in 1958

Lot Details

0

Rental Info

  • Furnished: Furnished
  • Security Deposit: 22500
  • Tenant Pays: Cable TV, Electricity, Gas, Trash Collection, Water

Listing Details

  • Property Type: Residential Lease
  • Style: Contemporary
  • Single Family Or Apt: Single Family
  • Levels: One
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: No
  • Living Area: 1412
  • Stories: 1
  • Year Built: 1958
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Fireplace Rooms: Gas, Living Room
  • Flooring: Mixed
  • Bedrooms: 3
  • Fireplaces: 1
  • Full Bathroom: 3
  • Half Bathroom: 0
  • Common Walls: Detached/No Common Walls
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 0
  • Laundry: Garage
  • Total Bathrooms: 3.00
  • Equipment: Built-Ins, Cable, Freezer, Garbage Disposal, Range/Oven, Refrigerator
  • Fireplace: Yes
  • Price Per S Q F T: 15.93

Exterior Features

  • Other Features: Balcony
  • Tennis Court Y/N: No
  • Patio: Living Room Balcony
  • Pool: No
  • Spa Yn: No
  • View: Catalina, City Lights, Coastline, Ocean, Panoramic, White Water
  • View: Yes
  • Waterfront: Beach Rights, Ocean

Garage/Parking

  • Covered Parking: 2
  • Parking Garage: Garage - 2 Car, Parking for Guests, Private
  • Total Parking: 2

Utilities

  • TV Svcs: Cable TV
  • Cooling: Central
  • Heating: Central
  • Sewer: Septic Tank
  • Water: District

Association/Amenities

  • Pet Rules: Call

Lot Info

  • Special Zoning: Coastal Commission, Flood
  • Horses: No
  • Assessor Parcel Number: 4458-009-009
  • Geocode Override: No
  • Lot Description: Street Paved
  • Lot Location: Beach Access, Beach Front, Ocean Access, Ocean Front, Ocean Side Of Highway 1
  • Lot Size Area: 5925

MLS Schools

  • School District: Santa Monica-Malibu Unified School District

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 15, 2013
Closed on
Jun 10, 2013
Sold by
Peyrot Anthony G and The Rico Jackie Trust
Bought by
Bass Jonathan and Bass Karen
Seller's Agent
Chris Cortazzo
Compass
Buyer's Agent
Chris Cortazzo
Compass
List Price
$4,750,000
Sold Price
$3,780,000
Premium/Discount to List
-$970,000
-20.42%
Current Estimated Value
$7,898,012

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$4,118,012
Avg. Annual Appreciation
6.01%

Purchase Details

Closed on
Nov 30, 2000
Sold by
Thomas Betty
Bought by
Peyrot Anthony G and The Rico Jackie Trust

Purchase Details

Closed on
Feb 3, 1997
Sold by
Bailes Leonard
Bought by
Thomas Betty

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$880,000
Interest Rate
8.12%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Bass Jonathan $3,780,037 Equity Title
Peyrot Anthony G -- First American Title Co
Thomas Betty $1,100,000 First American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Thomas Betty $880,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/20/2018 11/20/18 Rented $20,000 -11.1% --
06/11/2018 06/11/18 For Rent $22,500 0.0% --
06/11/2018 06/11/18 Price Changed $22,500 -10.0% $16 / Sq Ft
06/02/2018 06/02/18 Off Market $25,000 -- --
12/02/2017 12/02/17 For Rent $25,000 0.0% --
06/14/2013 06/14/13 Sold $3,780,000 -11.1% $2,677 / Sq Ft View Prior Sale
04/18/2013 04/18/13 Price Changed $4,250,000 -10.5% $3,010 / Sq Ft
02/15/2013 02/15/13 For Sale $4,750,000 -- $3,364 / Sq Ft
Source: The MLS

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 $53,269 $4,654,789 $3,723,834 $930,955
2024 $53,269 $4,563,519 $3,650,818 $912,701
2023 $52,218 $4,474,039 $3,579,234 $894,805
2022 $51,596 $4,386,313 $3,509,053 $877,260
2021 $50,418 $4,300,308 $3,440,249 $860,059
2019 $49,442 $4,172,760 $3,338,210 $834,550
2018 $46,969 $4,090,942 $3,272,755 $818,187
2016 $45,305 $3,932,088 $3,145,671 $786,417
2015 $44,675 $3,873,026 $3,098,421 $774,605
2014 $44,014 $3,797,160 $3,037,728 $759,432
Source: Public Records

Agents Affiliated with this Home

  • Chris Cortazzo

    Landlord's Agent in 2018

    Chris Cortazzo

    Compass

    (310) 489-7091

    3 in this area

    207 Total Sales

    Chris Cortazzo
    Section Image
  • Kelly Pessis

    Tenant's Agent in 2018

    Kelly Pessis

    Compass

    (310) 980-5373

    15 Total Sales

    Kelly Pessis
    Section Image
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Map

Source: The MLS

MLS Number: 17-295050

The MLS

APN: 4458-009-009

California Los Angeles County Malibu 90265 Malibu Road

24016 Malibu Rd, Malibu, CA

Not Listed for Sale

Detached

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