NOT LISTED FOR SALE

24604 Malibu Rd Malibu, CA 90265

Malibu Road Neighborhood

Estimated Value: $5,827,000 - $11,803,164

3 Beds
4 Baths
2,642 Sq Ft
$3,114/Sq Ft Est. Value

Last Sold August 29, 2014

Last sale price $6,825,000 $2,583 Per Sq Ft

Est. 21% increase in value since last sale

Current estimated payment $50,524/month

160 Days on Market

Highlights

  • White Water Ocean Views
  • Spa
  • Fireplace in Primary Bedroom
  • Webster Elementary School Rated A
  • Cape Cod Architecture
  • Wood Flooring

About This Home

As of August 2014

Experience the best of Malibu in this charming and romantic Cape cod style, sandy beach home. Bright and open, the newly remodeled 4 bedroom/3.5 bath with direct beach access has beautiful hardwood floors, wood-beam ceilings, French doors and Viking appliance in the kitchen. The lovely owners suite with brick fireplace has an adorable bathroom, ocean front deck, office and two custom designed closets. A spectacular deck with hot tub, storage for surfboards and two-car garage with additional parking, plus more completes this must see Malibu beach house.

Last Agent to Sell the Property

Chris Cortazzo

Compass License #01190363 Listed on: 03/20/2014

Compass

Last Buyer's Agent

Chris Cortazzo

Compass License #01190363 Listed on: 03/20/2014

Compass

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1954

Lot Details

  • 7,122 Sq Ft Lot
  • Property is zoned LCR106

Parking

  • 2 Car Garage

Property Views

  • White Water Ocean
  • City Lights

Home Design

  • Cape Cod Architecture

Interior Spaces

  • 2,642 Sq Ft Home
  • 1-Story Property
  • Built-In Features
  • Living Room
  • Dining Area
  • Home Office
  • Alarm System

Kitchen

  • Breakfast Area or Nook
  • Oven or Range
  • Freezer
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Fireplace in Primary Bedroom
  • Walk-In Closet
  • Powder Room
  • 4 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Outdoor Features

  • Spa
  • Open Patio

Utilities

  • Central Heating and Cooling System
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 4458-012-017

Home Details

Home Type

Single Family

Year Built

Built in 1954

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Style: Cape Cod
  • Street Number Display: Yes
  • Living Area: 2642
  • Stories: 1
  • Year Built: 1954
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Fireplace Rooms: Master Bedroom
  • Flooring: Carpet, Hardwood
  • Bedrooms: 3
  • Full Bathroom: 4
  • Half Bathroom: 0
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 0
  • Laundry: Room
  • Total Bathrooms: 4.00
  • Equipment: Alarm System, Built-Ins, Cable, Dishwasher, Dryer, Freezer, Garbage Disposal, Hood Fan, Range/Oven, Refrigerator, Washer
  • Price Per S Q F T: 2819.83

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No
  • Spa: Hot Tub
  • Spa Yn: Yes
  • View: City Lights, Ocean, White Water
  • View: Yes

Garage/Parking

  • Parking Garage: Garage - 2 Car

Utilities

  • Cooling: Central
  • Heating: Central

Lot Info

  • Assessor Parcel Number: 4458-012-017
  • Geocode Override: No
  • Lot Size Area: 7122

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 29, 2025
Sold by
Drexler Ryan and Daunais Kimberlea
Bought by
Hld Financial Llc
Current Estimated Value
$8,227,041

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$8,400,000
Outstanding Balance
$8,392,106
Interest Rate
6.3%
Mortgage Type
New Conventional
Estimated Equity
-$165,065

Purchase Details

Closed on
Nov 28, 2022
Sold by
Drexler Ryan
Bought by
Drexler Ryan and Daunais Kimberley

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,100,000
Interest Rate
7.08%
Mortgage Type
New Conventional

Purchase Details

Listed on
Mar 20, 2014
Closed on
Aug 25, 2014
Sold by
Morris Patrick Kevin
Bought by
Drexler Ryan
Seller's Agent
Chris Cortazzo
Compass
Buyer's Agent
Chris Cortazzo
Compass
List Price
$7,450,000
Sold Price
$6,825,000
Premium/Discount to List
-$625,000
-8.39%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.65%

Purchase Details

Closed on
Apr 4, 2001
Sold by
Morgerman Gabrielle
Bought by
Morris Patrick Kevin and Morgerman Gabrielle

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,900,000
Interest Rate
6.25%

Purchase Details

Closed on
Feb 15, 2000
Sold by
Morgerman Gabrielle
Bought by
Morris Patrick Kevin and Morgerman Gabrielle

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,595,000
Interest Rate
7.5%
Mortgage Type
Construction

Purchase Details

Closed on
May 28, 1999
Sold by
Felman Elliot D
Bought by
Morgerman Gaby

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$984,000
Interest Rate
6.87%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 13, 1995
Sold by
Felman Elliot D
Bought by
Felman Elliot D and Felman Cynthia C
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
Hld Financial Llc -- Commonwealth Land Title
Drexler Ryan -- Ticor Title
Drexler Ryan $6,825,068 Equity
Morris Patrick Kevin -- Stewart Title
Morris Patrick Kevin -- Fidelity National Title Co
Morgerman Gaby $1,230,000 First American Title Co
Morgerman Gaby -- First American Title Co
Felman Elliot D -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hld Financial Llc $8,400,000
Previous Owner Drexler Ryan $2,100,000
Previous Owner Morris Patrick Kevin $1,900,000
Previous Owner Morris Patrick Kevin $1,595,000
Previous Owner Morgerman Gaby $984,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/29/2014 08/29/14 Sold $6,825,000 -8.4% $2,583 / Sq Ft
08/27/2014 08/27/14 Pending -- -- --
03/20/2014 03/20/14 For Sale $7,450,000 -- $2,820 / 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 $93,129 $8,202,619 $6,535,658 $1,666,961
2024 $93,129 $8,041,784 $6,407,508 $1,634,276
2023 $91,415 $7,884,103 $6,281,871 $1,602,232
2022 $90,326 $7,729,514 $6,158,698 $1,570,816
2021 $88,231 $7,577,956 $6,037,940 $1,540,016
2019 $86,526 $7,353,192 $5,858,852 $1,494,340
2018 $82,217 $7,209,013 $5,743,973 $1,465,040
2016 $79,304 $6,929,080 $5,520,929 $1,408,151
2015 $78,211 $6,825,000 $5,438,000 $1,387,000
2014 $23,572 $1,996,311 $1,258,410 $737,901
Source: Public Records

Agents Affiliated with this Home

  • Chris Cortazzo

    Seller's Agent in 2014

    Chris Cortazzo

    Compass

    (310) 489-7091

    3 in this area

    206 Total Sales

    Chris Cortazzo
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Map

Source: The MLS

MLS Number: 14-746119

The MLS

APN: 4458-012-017

California Los Angeles County Malibu 90265 Malibu Road

24604 Malibu Rd, Malibu, CA

Not Listed for Sale

Detached

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