NOT LISTED FOR SALE

24138 Malibu Rd Malibu, CA 90265

Malibu Road Neighborhood

Estimated Value: $9,185,000 - $13,033,050

4 Beds
3 Baths
3,006 Sq Ft
$3,485/Sq Ft Est. Value

Last Sold August 10, 2017

Last sale price $6,940,000 $2,309 Per Sq Ft

Est. 51% increase in value since last sale

Current estimated payment $64,045/month

144 Days on Market

Highlights

  • Ocean View
  • Home Theater
  • Midcentury Modern Architecture
  • Webster Elementary School Rated A
  • Spa
  • Living Room with Fireplace

About This Home

As of August 2017

Magnificent and Chic on ever so desired Malibu Road beachfront homes. Built by renowned architect Edward Pickett, this beautiful mid-century modern features soaring two story beamed ceilings, floor to ceiling windows and one of the largest beachfront decks on Malibu Road. The home has an updated kitchen, bathrooms and fresh paint with amazing decor....With one of the best surf breaks in Malibu, enjoy while seated in the jacuzzi or admiring the best views possible. Upstairs you'll find two well sized bedrooms and a huge vaulted ceiling master bedroom on the ocean side with views and a private deck. The home also offers an oversized family room which can be used for a downstairs office, 4th bedroom or media room. Finally an attached 2 car garage with plenty of space for bikes and surf gear. Located minutes from Cross Creek and Malibu's best shopping and dining. A phenomenal property to enjoy year round with no PCH traffic noise.

Last Agent to Sell the Property

Kathleen Doyle

Kathy Doyle Estates License #01353432 Listed on: 02/07/2017

Last Buyer's Agent

Frank Trejo

License #01195209

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $88,820

Year Built

  • Built in 1974

Lot Details

  • 6,106 Sq Ft Lot
  • Property is zoned LCR1*

Home Design

  • Midcentury Modern Architecture

Interior Spaces

  • 3,006 Sq Ft Home
  • 2-Story Property
  • Entryway
  • Living Room with Fireplace
  • Dining Area
  • Home Theater
  • Ocean Views
  • Laundry Room

Kitchen

  • Oven or Range
  • Dishwasher

Flooring

  • Wood
  • Stone

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Walk-In Closet
  • 3 Full Bathrooms

Outdoor Features

  • Spa
  • Open Patio

Utilities

  • Air Conditioning
  • Central Heating

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 4458-010-007

Home Details

Home Type

Single Family

Est. Annual Taxes

$88,820

Year Built

Built in 1974

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Style: Mid-Century
  • Street Number Display: Yes
  • Living Area: 3006
  • Stories: 2
  • Year Built: 1974
  • Number Of Photos: 23
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Fireplace Rooms: Living Room
  • Flooring: Stone Tile, Wood
  • Bedrooms: 4
  • Full Bathroom: 3
  • Half Bathroom: 0
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 0
  • Dining Room: 0
  • Family Room: 0
  • Laundry: Laundry Area
  • Total Bathrooms: 3.00
  • Den: 0
  • Equipment: Dishwasher, Range/Oven, Refrigerator
  • Price Per S Q F T: 2411.84

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No
  • Spa: Hot Tub
  • Spa Yn: Yes
  • View: Ocean
  • View: Yes

Garage/Parking

  • Parking Garage: Garage - 2 Car

Utilities

  • Cooling: Air Conditioning
  • Heating: Central

Condo/Co-op/Association

  • HOA: No

Lot Info

  • Assessor Parcel Number: 4458-010-007
  • Geocode Override: No
  • Lot Size Area: 6106

Multi Family

  • Number Of Units: 0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 17, 2018
Sold by
Maimin Julian
Bought by
Maimin Julian and Maimin Stacey
Current Estimated Value
$10,476,683

Purchase Details

Listed on
Feb 7, 2017
Closed on
Aug 7, 2017
Sold by
Maimin Stacey
Bought by
Maimin Julian Mark
Seller's Agent
Kathleen Doyle
Kathy Doyle Estates
Buyer's Agent
Frank Trejo
List Price
$7,500,000
Sold Price
$6,940,000
Premium/Discount to List
-$560,000
-7.47%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.01%
Original Mortgage
$3,000,000
Interest Rate
3.88%
Mortgage Type
New Conventional

Purchase Details

Listed on
Feb 7, 2017
Closed on
Jul 19, 2017
Sold by
Delug Asher
Bought by
Maimin Julian Mark
Seller's Agent
Kathleen Doyle
Kathy Doyle Estates
Buyer's Agent
Frank Trejo
List Price
$7,500,000
Sold Price
$6,940,000
Premium/Discount to List
-$560,000
-7.47%

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
Interest Rate
3.88%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jul 1, 2013
Closed on
Mar 4, 2014
Sold by
Rasgon Barry M
Bought by
Delug Asher and Delug Reisha
Seller's Agent
Daniel Ross
Ross Brothers
Buyer's Agent
Susan Monus
Coldwell Banker Realty
List Price
$6,995,000
Sold Price
$6,300,000
Premium/Discount to List
-$695,000
-9.94%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.88%

Purchase Details

Closed on
Jul 6, 2010
Sold by
Rasgon Ethel W and Rasgon Living Trust
Bought by
Rasgon Scott A and Scott Rasgon 2010 Irrevocable Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$740,250
Interest Rate
4.48%
Mortgage Type
Seller Take Back
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Maimin Julian -- None Available
Maimin Julian -- None Available
Maimin Julian Mark -- Equity Title Company
Maimin Julian Mark $6,870,000 Equity Title Company
Delug Asher $6,300,063 Equity Title
Rasgon Scott A -- None Available
Pearl Robin D -- None Available
Rasgon Maurice F -- None Available
Rasgon Barry M -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Maimin Julian $3,024,000
Closed Maimin Julian $3,000,000
Closed Maimin Julian Mark $3,000,000
Previous Owner Delug Asher $4,110,000
Previous Owner Rasgon Barry M $740,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/22/2019 01/22/19 Rented $30,000 -50.0% --
01/21/2019 01/21/19 Under Contract -- -- --
11/21/2018 11/21/18 For Rent $60,000 0.0% --
08/10/2017 08/10/17 Sold $6,940,000 -4.3% $2,309 / Sq Ft
05/28/2017 05/28/17 Price Changed $7,250,000 -3.3% $2,412 / Sq Ft
02/07/2017 02/07/17 For Sale $7,500,000 +19.0% $2,495 / Sq Ft
03/14/2014 03/14/14 Sold $6,300,000 -3.1% $2,096 / Sq Ft
01/15/2014 01/15/14 Pending -- -- --
10/24/2013 10/24/13 Price Changed $6,500,000 -7.1% $2,162 / Sq Ft
07/01/2013 07/01/13 For Sale $6,995,000 -- $2,327 / Sq Ft
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 $88,820 $7,816,882 $6,253,507 $1,563,375
2024 $88,820 $7,663,611 $6,130,890 $1,532,721
2023 $87,133 $7,513,345 $6,010,677 $1,502,668
2022 $86,116 $7,366,025 $5,892,821 $1,473,204
2021 $84,141 $7,221,594 $5,777,276 $1,444,318
2020 $83,669 $7,147,547 $5,718,038 $1,429,509
2019 $82,514 $7,007,400 $5,605,920 $1,401,480
2018 $78,409 $6,870,000 $5,496,000 $1,374,000
2017 $77,160 $6,654,342 $5,323,475 $1,330,867
2016 $74,726 $6,523,866 $5,219,094 $1,304,772
2015 $73,699 $6,425,873 $5,140,699 $1,285,174
2014 $5,602 $417,181 $195,188 $221,993
Source: Public Records

Agents Affiliated with this Home

  • Frank Trejo

    Seller's Agent in 2019

    Frank Trejo

    Rodeo Realty

    (818) 620-4381

    33 Total Sales

    Frank Trejo
    Section Image

  • K

    Seller's Agent in 2017

    Kathleen Doyle

    Kathy Doyle Estates

    (310) 622-4466

    4 Total Sales

    Kathleen Doyle
    Section Image

  • D

    Seller's Agent in 2014

    Daniel Ross

    Ross Brothers

    (310) 702-7121

    6 Total Sales

    Daniel Ross
    Section Image
  • Susan Monus

    Buyer's Agent in 2014

    Susan Monus

    Coldwell Banker Realty

    (310) 663-1554

    3 in this area

    30 Total Sales

    Susan Monus
    Section Image
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Map

Source: The MLS

MLS Number: 17-200350

The MLS

APN: 4458-010-007

California Los Angeles County Malibu 90265 Malibu Road

24138 Malibu Rd, Malibu, CA

This home is located at 24138 Malibu Rd, Malibu, CA 90265 since 07 February 2017 and is currently estimated at $10,476,683, approximately $3,485 per square foot. This property was built in 1974. 24138 Malibu Rd is a home located in Los Angeles County with nearby schools including Webster Elementary School, Malibu Middle School, and Malibu High School.

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