NOT LISTED FOR SALE

24212 Malibu Rd Malibu, CA 90265

Malibu Road Neighborhood

Estimated Value: $4,818,000 - $15,099,204

3 Beds
3 Baths
1,781 Sq Ft
$5,120/Sq Ft Est. Value

Highlights

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

About This Home

As of March 2019

A spectacular Malibu beach house with 53' of frontage and direct beach access, offering breathtaking coastline, Catalina, city lights, and panoramic ocean views. Located in the heart of Malibu, this sun-drenched home with hardwood floors throughout, has a fireplace great room with a high wood-beamed ceiling that includes a sitting area with flat screen TV, dining area with extra long work/computer desk, and a custom Italian kitchen with breakfast bar and lunch dining area. Custom glass sliders open to a wraparound wood deck with outdoor dining table, multiple sitting/lounging areas, fire pit, and BBQ. The generous ocean view owner's suite has a flat screen TV, huge open shower and lots of closet space. Steps away from the second bedroom with private deck, is a Zen-like bathroom with large custom soaking/bath tub. There is a two-car garage with guest parking, wireless internet, satellite, and outdoor shower. Only available for July 2019 - $45,000/month.

Last Agent to Rent the Property

Chris Cortazzo

Compass License #01190363 Listed on: 01/09/2019

Compass

Last Renter's Agent

Sean Landon

Douglas Elliman License #01981562

Douglas Elliman

Home Details

Home Type

  • Single Family

Year Built

  • 1952

Lot Details

  • 6,305 Sq Ft Lot
  • Beach Front
  • Wood Fence
  • Property is zoned LCR16000*

Property Views

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

Home Design

  • Bungalow
  • Turnkey
  • Wood Product Walls
  • Plaster

Interior Spaces

  • 1,781 Sq Ft Home
  • 1-Story Property
  • Open Floorplan
  • Furnished
  • Wired For Sound
  • Wired For Data
  • Built-In Features
  • Beamed Ceilings
  • High Ceiling
  • Ceiling Fan
  • Skylights in Kitchen
  • Recessed Lighting
  • Gas Fireplace
  • Plantation Shutters
  • Sliding Doors
  • Entryway
  • Great Room
  • Living Room with Fireplace
  • 2 Fireplaces
  • Living Room with Attached Deck
  • Dining Area
  • Wood Flooring
  • Security System Owned

Kitchen

  • Gourmet Kitchen
  • Breakfast Area or Nook
  • Open to Family Room
  • Breakfast Bar
  • Gas Oven
  • Self-Cleaning Oven
  • Gas Cooktop
  • Range Hood
  • Freezer
  • Dishwasher
  • Stone Countertops
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Full Bathrooms
  • Bathtub with Shower
  • Shower Only
  • Linen Closet In Bathroom

Laundry

  • Laundry in Garage
  • Dryer
  • Washer

Parking

  • 2 Car Attached Garage
  • Parking Storage or Cabinetry
  • Parking Deck
  • Garage Door Opener
  • Guest Parking

Outdoor Features

  • Property has ocean access
  • Oceanside
  • Balcony
  • Wood Patio
  • Fire Pit
  • Outdoor Grill
  • Wrap Around Porch

Utilities

  • Property is located within a water district
  • Septic Tank
  • Satellite Dish

Listing and Financial Details

  • Security Deposit $50,000
  • Tenant pays for cable TV, electricity, gas, trash collection, water
  • Month-to-Month Lease Term
  • Assessor Parcel Number 4458-011-002

Home Details

Home Type

Single Family

Year Built

1952

Lot Details

0

Rental Info

  • Furnished: Furnished
  • Lease Option: 1
  • Security Deposit: 50000
  • Tenant Pays: Cable TV, Electricity, Gas, Trash Collection, Water

Listing Details

  • Property Type: Residential Lease
  • Style: California Bungalow
  • Single Family Or Apt: Single Family
  • Levels: One
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: No
  • Entry Location: Foyer
  • Lease Terms: Month To Month
  • Living Area: 1781
  • Planned Urban Dev: 0
  • Stories: 1
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 1952

Interior Features

  • Interior Amenities: Beamed Ceiling(s), Built-Ins, Detached/No Common Walls, Furnished, High Ceilings (9 Feet+), Living Room Deck Attached, Open Floor Plan, Pre-wired for high speed Data, Pre-wired for surround sound, Recessed Lighting, Turnkey, Wood Product Walls
  • Fireplace Rooms: Fire Pit, Gas, Gas and Wood, Living Room
  • Flooring: Wood
  • Appliances: Built-Ins, Cooktop - Gas, Oven-Gas, Range Hood, Self Cleaning Oven
  • Bedrooms: 3
  • Fireplaces: 2
  • Full Bathroom: 3
  • Half Bathroom: 0
  • Bedroom Features: Master Bedroom
  • Common Walls: Detached/No Common Walls
  • One Quarter Bathrooms: 0
  • Bathroom Features: Linen Closet, Shower Over Tub, Shower Stall
  • Three Quarter Bathrooms: 0
  • Eating Areas: Breakfast Area, Breakfast Counter / Bar, Dining Area, In Kitchen, Living Room
  • Kitchen Features: Gourmet Kitchen, Open to Family Room, Skylight(s), Stone Counters
  • Laundry: Garage
  • Total Bathrooms: 3.00
  • Equipment: Barbeque, Built-Ins, Ceiling Fan, Dishwasher, Dryer, Freezer, Garbage Disposal, Hood Fan, Network Wire, Range/Oven, Refrigerator, Satellite, Washer
  • Fireplace: Yes
  • Price Per S Q F T: 14.04
  • Windows: Plantation Shutters, Skylights

Exterior Features

  • Construction: Plaster
  • Other Features: Barbecue Private, High Ceilings (9 Feet+), Sliding Glass Doors
  • Tennis Court Y/N: No
  • Fence: Wood
  • Patio: Balcony, Living Room Deck Attached, Wood, Wrap Around Porch
  • 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: Attached, Built-In Storage, Deck(s), Door Opener, Garage - 2 Car, Parking for Guests, Private
  • Total Parking: 4

Utilities

  • TV Svcs: Tv Satellite Dish
  • Security: Owned
  • Sewer: Septic Tank
  • Water: District

Association/Amenities

  • Pet Rules: Call

Lot Info

  • Special Zoning: Coastal Commission, Flood
  • Horses: No
  • Assessor Parcel Number: 4458-011-002
  • 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: 6305

MLS Schools

  • School District: Santa Monica-Malibu Unified School District

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 15, 2022
Sold by
Antony Hoffman Living Trust
Bought by
Stellar Legacy 24212 Llc
Current Estimated Value
$9,118,735

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$7,696,500
Outstanding Balance
$7,409,446
Interest Rate
5.74%
Mortgage Type
New Conventional
Estimated Equity
$1,709,289

Purchase Details

Closed on
Sep 12, 2013
Sold by
Hoffman Antony
Bought by
Hoffman Antony and Antony Hoffman Living Trust

Purchase Details

Closed on
May 13, 2003
Sold by
Grant Warren and Ritts Christy
Bought by
Hoffman Antony

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,100,000
Interest Rate
4.37%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 21, 1998
Sold by
Ritts Herb
Bought by
Ritts Herb and Herb Ritts Trust Of 1998
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
Stellar Legacy 24212 Llc $10,995,000 Consumers Title
Hoffman Antony -- Old Republic Title Company
Hoffman Antony -- First American Title Co
Ritts Herb -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Stellar Legacy 24212 Llc $7,696,500
Previous Owner Hoffman Antony $1,100,000
Closed Hoffman Antony $400,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/21/2019 03/21/19 Rented $28,500 +14.0% --
01/09/2019 01/09/19 For Rent $25,000 -28.6% --
07/07/2016 07/07/16 Rented $35,000 -12.5% --
05/26/2016 05/26/16 For Rent $40,000 -- --
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 $140,332 $11,439,301 $7,798,006 $3,641,295
2024 $140,332 $11,215,002 $7,645,104 $3,569,898
2023 $42,382 $3,619,445 $2,895,561 $723,884
2022 $41,867 $3,548,477 $2,838,786 $709,691
2021 $40,910 $3,478,900 $2,783,124 $695,776
2019 $40,115 $3,375,716 $2,700,576 $675,140
2018 $38,100 $3,309,526 $2,647,624 $661,902
2016 $36,817 $3,181,014 $2,544,814 $636,200
2015 $36,325 $3,133,233 $2,506,589 $626,644
2014 $35,774 $3,071,858 $2,457,489 $614,369
Source: Public Records

Agents Affiliated with this Home

  • Chris Cortazzo

    Landlord's Agent in 2019

    Chris Cortazzo

    Compass

    (310) 457-3995

    3 in this area

    208 Total Sales

    Chris Cortazzo
    Section Image
  • Sean Landon

    Tenant's Agent in 2019

    Sean Landon

    Douglas Elliman

    (310) 926-4028

    14 Total Sales

    Sean Landon
    Section Image
  • Eytan Levin

    Seller's Agent in 2016

    Eytan Levin

    The Agency

    (310) 924-0806

    14 Total Sales

    Eytan Levin
    Section Image

  • M

    Seller Co-Listing Agent in 2016

    Monique Jelley

    The Address, Inc.

    Section Image
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Map

Source: The MLS

MLS Number: 19-421476

The MLS

APN: 4458-011-002

California Los Angeles County Malibu 90265 Malibu Road

24212 Malibu Rd, Malibu, CA

Not Listed for Sale

Detached

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