NOT LISTED FOR SALE

24916 Malibu Rd Malibu, CA 90265

Malibu Road Neighborhood

Estimated Value: $4,685,000 - $9,340,289

3 Beds
2.5 Baths
2,043 Sq Ft
$3,821/Sq Ft Est. Value

Last Sold August 31, 2016

Last sale price $6,550,000 $3,206 Per Sq Ft

Est. 19% increase in value since last sale

Current estimated payment $50,409/month

31 Days on Market

Highlights

  • White Water Ocean Views
  • Spa
  • Traditional Architecture
  • Webster Elementary School Rated A
  • Fireplace in Primary Bedroom
  • No HOA

About This Home

As of August 2016

First time on the market in over 60 years, this fabulous gem is located on the highly coveted Malibu Road with 50 feet of beach frontage! Enter through gates into a tranquil, lush garden that leads you down steps to the home. Property has stair cases on each side for direct access to the beach. Main house boasts 2 bedrooms, 1.5 baths with entire second floor devoted to the Master Suite which includes large deck, private office and spacious Master Bath. Separate guest suite with private entrance just off the courtyard. Three additional beach front decks, one of which is just above the sand for the ultimate Malibu experience. Property is located within walking distance to shops, movie theatre, restaurants & more. This is by far one of the best locations on Malibu Road with limitless viewing of sea life, tide pooling, surf, sunrises, sunsets and all that the beach has to offer.

Last Agent to Sell the Property

Susan Cosentino

Compass License #01315015 Listed on: 07/04/2016

Compass

Co-Listed By

Tracy Lynn Testin

Sotheby's International Realty License #01212506

Last Buyer's Agent

Janice Burns

Pinnacle Estate Properties License #01247401

Pinnacle Estate Properties

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1950

Lot Details

  • 6,174 Sq Ft Lot
  • Property is zoned LCR1*

Property Views

  • White Water Ocean
  • Coastline
  • Panoramic
  • City Lights

Home Design

  • Traditional Architecture

Interior Spaces

  • 2,043 Sq Ft Home
  • 2-Story Property
  • Living Room with Fireplace
  • 3 Fireplaces
  • Dining Area
  • Home Office

Kitchen

  • Oven or Range
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Fireplace in Primary Bedroom
  • Powder Room

Laundry

  • Laundry Room
  • Dryer
  • Washer

Parking

  • 2 Car Attached Garage
  • Garage Door Opener
  • Driveway
  • Guest Parking

Outdoor Features

  • Spa
  • Open Patio

Utilities

  • Central Heating

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 4458-013-023

Home Details

Home Type

Single Family

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Style: Traditional
  • Street Number Display: Yes
  • Living Area: 2043
  • Stories: 2
  • Year Built: 1950
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Fireplace Rooms: Living Room, Master Bedroom
  • Flooring: Mixed
  • Bedrooms: 3
  • Fireplaces: 3
  • Full Bathroom: 1
  • Half Bathroom: 1
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 1
  • Laundry: Laundry Area
  • Total Bathrooms: 3.00
  • Equipment: Dishwasher, Dryer, Range/Oven, Refrigerator, Washer
  • Fireplace: Yes
  • Price Per S Q F T: 3415.57

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No
  • Spa: Private
  • Spa Yn: Yes
  • View: City Lights, Coastline, Ocean, Panoramic, Water, White Water
  • View: Yes

Garage/Parking

  • Covered Parking: 2
  • Parking Garage: Attached, Door Opener, Driveway, Garage, Garage - 2 Car, Parking for Guests

Utilities

  • Heating: Central

Condo/Co-op/Association

  • HOA: No

Lot Info

  • Assessor Parcel Number: 4458-013-023
  • Geocode Override: No
  • Lot Size Area: 6174

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 20, 2023
Sold by
Sea Life View Trust and Ambrosino Marie
Bought by
Lopata Family Trust and Lopata
Current Estimated Value
$7,807,072

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$6,464,250
Outstanding Balance
$6,308,253
Interest Rate
6.5%
Mortgage Type
New Conventional
Estimated Equity
$1,498,819

Purchase Details

Listed on
Jul 4, 2016
Closed on
Aug 12, 2016
Sold by
Gonzalez Timothy K
Bought by
Ambrosino Marie and The Sea Life View Trust
Seller's Agent
Susan Cosentino
Compass
Buyer's Agent
Janice Burns
Pinnacle Estate Properties
List Price
$6,978,000
Sold Price
$6,550,000
Premium/Discount to List
-$428,000
-6.13%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.88%
Original Mortgage
$4,585,000
Interest Rate
2.61%
Mortgage Type
Adjustable Rate Mortgage/ARM
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Lopata Family Trust $9,400,000 Gleity Title Company
Ambrosino Marie $6,550,000 Usa National Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lopata Family Trust $6,464,250
Previous Owner Ambrosino Marie $4,585,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/31/2016 08/31/16 Sold $6,550,000 -6.1% $3,206 / Sq Ft
08/04/2016 08/04/16 Pending -- -- --
07/04/2016 07/04/16 For Sale $6,978,000 -- $3,416 / 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 $117,949 $9,588,102 $7,670,502 $1,917,600
2024 $117,949 $9,400,100 $7,520,100 $1,880,000
2023 $84,645 $7,306,646 $5,845,318 $1,461,328
2022 $83,655 $7,163,379 $5,730,704 $1,432,675
2021 $81,744 $7,022,922 $5,618,338 $1,404,584
2019 $80,163 $6,814,620 $5,451,696 $1,362,924
2018 $76,200 $6,681,000 $5,344,800 $1,336,200
2016 $5,005 $379,089 $248,515 $130,574
2015 $4,534 $373,396 $244,783 $128,613
2014 $4,507 $366,083 $239,989 $126,094
Source: Public Records

Agents Affiliated with this Home

  • Susan Cosentino

    Seller's Agent in 2016

    Susan Cosentino

    Compass

    (310) 924-9382

    1 in this area

    14 Total Sales

    Susan Cosentino
    Section Image
  • Tracy Lynn Testin

    Seller Co-Listing Agent in 2016

    Tracy Lynn Testin

    Sotheby's International Realty

    (310) 940-5578

    9 Total Sales

    Tracy Lynn Testin
    Section Image
  • Janice Burns

    Buyer's Agent in 2016

    Janice Burns

    Pinnacle Estate Properties

    (310) 456-0880

    1 Total Sale

    Janice Burns
    Section Image
See All Agents

Map

Source: The MLS

MLS Number: 16-140438

The MLS

APN: 4458-013-023

California Los Angeles County Malibu 90265 Malibu Road

24916 Malibu Rd, Malibu, CA

Not Listed for Sale

Detached

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