NOT LISTED FOR SALE

24928 Malibu Rd Malibu, CA 90265

Malibu Road Neighborhood

Estimated Value: $5,626,000 - $10,044,962

6 Beds
5.5 Baths
4,250 Sq Ft
$1,980/Sq Ft Est. Value

Last Sold April 27, 2020

Last sale price $11,000,000 $2,588 Per Sq Ft

Est. 24% decrease in value since last sale

Current estimated payment $54,552/month

Highlights

  • Beach Front
  • White Water Ocean Views
  • Attached Guest House
  • Webster Elementary School Rated A
  • Property has ocean access
  • Sauna

About This Home

As of August 2023

Stunning and spacious 6 bedroom, 5.5 bathroom trophy house on 50 ft. of dry sand fronting the best section of Malibu Rd. Enter through a private courtyard to the great room & gourmet kitchen with walls of glass spanning the entire width of the home, overlooking the ocean and the sand below. The deck has plenty of seating and areas to lounge and enjoy the view. The next level has 3 bedrooms, all ocean front, including the primary suite, a sauna, as well as a separate 4th bed/bath "bunk room". The lower guest apartment has the same expansive views and features a full kitchen, bedroom, bath and oceanfront deck. There is also a complete studio apartment with it's own kitchen, bath and private entrance. Attached two car garage, plenty of parking, 2 laundry rooms, well off the noise and traffic of PCH, this home has it all for a perfect vacation. Call for short term pricing. Available beginning August 1, 2023

Last Agent to Rent the Property

Elizabeth Seaman

Coldwell Banker Realty License #01942853 Listed on: 06/01/2023

Coldwell Banker Realty

Co-Listed By

Paul Woodman

Coldwell Banker Realty License #01338766

Last Renter's Agent

Wendy Carroll

Westside Estate Agency-Malibu License #01188306

Home Details

Home Type

  • Single Family

Year Built

  • 1953

Lot Details

  • 6,693 Sq Ft Lot
  • Lot Dimensions are 50x135
  • Beach Front
  • Property is zoned LCR1*

Parking

  • 2 Car Direct Access Garage
  • Electric Vehicle Home Charger

Property Views

  • White Water Ocean
  • Coastline
  • Catalina
  • City Lights

Home Design

  • Split Level Home

Interior Spaces

  • 4,250 Sq Ft Home
  • 3-Story Property
  • Open Floorplan
  • Furnished
  • Built-In Features
  • Beamed Ceilings
  • High Ceiling
  • Recessed Lighting
  • Great Room with Fireplace
  • Living Room with Attached Deck
  • Sauna

Kitchen

  • Gourmet Kitchen
  • Double Oven
  • Gas Cooktop
  • Microwave
  • Freezer
  • Ice Maker
  • Dishwasher
  • Stone Countertops

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 6 Bedrooms
  • Walk-In Closet
  • Powder Room
  • In-Law or Guest Suite
  • Double Vanity
  • Bathtub with Shower

Laundry

  • Laundry Room
  • Dryer
  • Washer

Outdoor Features

  • Property has ocean access
  • Balcony
  • Outdoor Grill

Additional Homes

  • Attached Guest House

Utilities

  • Zoned Heating and Cooling
  • Septic Tank
  • Cable TV Available

Listing and Financial Details

  • Security Deposit $180,000
  • Tenant pays for cable TV, electricity
  • Rent includes gardener, water, trash collection
  • Month-to-Month Lease Term
  • Assessor Parcel Number 4458-013-025

Home Details

Home Type

Single Family

Year Built

1953

Lot Details

6,693 Sq Ft Lot

Parking

2

Rental Info

  • Furnished: Furnished
  • Rent Includes: Gardener, Water, Trash Collection
  • Security Deposit: 180000
  • Tenant Pays: Cable TV, Electricity

Listing Details

  • Property Type: Residential Lease
  • Style: Architectural
  • Single Family Or Apt: Single Family
  • Levels: Multi/Split
  • Street Number Display: Yes
  • Entry Location: Living Room
  • Lease Terms: Month To Month
  • Living Area: 4250
  • Lot Acreage: 0.1537
  • Lot Dimensions: 50x135
  • Stories: 3
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 1953

Interior Features

  • Interior Amenities: Beamed Ceiling(s), Detached/No Common Walls, Furnished, High Ceilings (9 Feet+), Living Room Deck Attached, Open Floor Plan, Recessed Lighting
  • Fireplace Rooms: Great Room
  • Flooring: Wood, Tile
  • Appliances: Double Oven, Cooktop - Gas, Microwave, Range
  • Bedrooms: 6
  • Fireplaces: 1
  • Full Bathroom: 5
  • Half Bathroom: 1
  • Bedroom Features: Master Bedroom, WalkInCloset
  • One Quarter Bathrooms: 0
  • Bathroom Features: Double Vanity(s), Shower and Tub, Powder Room
  • Three Quarter Bathrooms: 0
  • Kitchen Features: Stone Counters, Gourmet Kitchen
  • Laundry: Room
  • Total Bathrooms: 6.00
  • Equipment: Barbeque, Built-Ins, Cable, Dishwasher, Dryer, Freezer, Ice Maker, Microwave, Range/Oven, Refrigerator, Washer
  • Fireplace: Yes
  • Price Per S Q F T: 21.18

Exterior Features

  • Other Features: Sauna Private, High Ceilings (9 Feet+)
  • Guest House: Attached
  • Patio: Living Room Deck Attached, Deck(s), Balcony
  • Pool: No
  • View: White Water, Ocean, Catalina, City Lights, Coastline, Water
  • View: Yes
  • Waterfront: Ocean

Garage/Parking

  • Garage Spaces: 2
  • Covered Parking: 2
  • Parking Garage: Attached, Garage Is Attached, Garage - 2 Car, Electric Vehicle Charging Station(s), Direct Entrance
  • Total Parking: 4

Utilities

  • TV Svcs: Cable TV
  • Cooling: Air Conditioning, Multi/Zone
  • Heating: Central
  • Sewer: Septic Tank

Association/Amenities

  • Pet Rules: Call

Lot Info

  • Assessor Parcel Number: 4458-013-025
  • Lot Location: Beach Front, Ocean Access
  • Lot Size Area: 6693

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 25, 2019
Closed on
Apr 14, 2020
Sold by
R & A Malibu Llc
Bought by
24928 Malibu Road Llc
Seller's Agent
Jeff Chertow
Pinnacle Estate Properties
Buyer's Agent
Paul Woodman
Coldwell Banker Realty
List Price
$11,950,000
Sold Price
$11,000,000
Premium/Discount to List
-$950,000
-7.95%
Current Estimated Value
$8,413,987

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$2,586,013
Avg. Annual Appreciation
-4.48%
Original Mortgage
$9,000,000
Outstanding Balance
$7,957,764
Interest Rate
3.3%
Mortgage Type
Commercial
Estimated Equity
$456,223

Purchase Details

Listed on
May 31, 2016
Closed on
Jan 24, 2017
Sold by
Steele Corey L
Bought by
R & A Malibu Llc
Seller's Agent
Jeff Chertow
Pinnacle Estate Properties
Buyer's Agent
Jeff Chertow
Pinnacle Estate Properties
List Price
$8,995,000
Sold Price
$8,099,000
Premium/Discount to List
-$896,000
-9.96%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.07%

Purchase Details

Closed on
May 20, 2014
Sold by
Steele Corey L
Bought by
Steele Corey L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,100,000
Interest Rate
5.87%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Aug 17, 2007
Sold by
Muir Pamela and Cynthia Lindsay Revocable Trus
Bought by
Bollenbach Stephen and The Bollenbach Family Trust
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
24928 Malibu Road Llc $11,000,000 Priority Title Company
R & A Malibu Llc $8,099,000 Priority Title Company
Steele Corey L -- Fidelity National Title
Bollenbach Stephen -- California Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 24928 Malibu Road Llc $9,000,000
Previous Owner Steele Corey L $3,100,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/18/2023 08/18/23 Rented $100,000 +11.1% --
06/01/2023 06/01/23 For Rent $90,000 +28.6% --
01/14/2022 01/14/22 Rented $70,000 -12.5% --
10/04/2021 10/04/21 For Rent $80,000 -27.3% --
06/19/2020 06/19/20 Rented $110,000 +22.2% --
05/16/2020 05/16/20 For Rent $90,000 0.0% --
04/27/2020 04/27/20 Sold $11,000,000 -7.9% $2,588 / Sq Ft View Prior Sale
04/11/2020 04/11/20 Pending -- -- --
11/25/2019 11/25/19 For Sale $11,950,000 0.0% $2,812 / Sq Ft
11/01/2017 11/01/17 Rented $29,500 0.0% --
08/25/2017 08/25/17 For Rent $29,500 0.0% --
02/17/2017 02/17/17 Sold $8,099,000 -4.7% $1,883 / Sq Ft View Prior Sale
11/27/2016 11/27/16 Pending -- -- --
09/22/2016 09/22/16 Price Changed $8,495,000 -4.0% $1,976 / Sq Ft
08/23/2016 08/23/16 Price Changed $8,850,000 -1.6% $2,058 / Sq Ft
05/31/2016 05/31/16 For Sale $8,995,000 0.0% $2,092 / Sq Ft
03/31/2016 03/31/16 Rented $32,000 -46.7% --
04/13/2015 04/13/15 For Rent $60,000 +172.7% --
03/18/2013 03/18/13 Rented $22,000 -6.4% --
03/18/2013 03/18/13 Under Contract -- -- --
11/16/2012 11/16/12 For Rent $23,500 -- --
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 $136,038 $12,030,105 $10,936,460 $1,093,645
2024 $136,038 $11,794,221 $10,722,020 $1,072,201
2023 $133,504 $11,562,963 $10,511,785 $1,051,178
2022 $131,965 $11,336,239 $10,305,672 $1,030,567
2021 $128,940 $11,113,960 $10,103,600 $1,010,360
2020 $100,403 $8,594,721 $6,875,778 $1,718,943
2019 $99,018 $8,426,198 $6,740,959 $1,685,239
2018 $94,104 $8,260,980 $6,608,784 $1,652,196
2016 $24,191 $2,060,811 $1,426,720 $634,091
2015 $23,839 $2,029,857 $1,405,290 $624,567
2014 $23,517 $1,990,096 $1,377,763 $612,333
Source: Public Records

Agents Affiliated with this Home

  • Elizabeth Seaman

    Landlord's Agent in 2023

    Elizabeth Seaman

    Coldwell Banker Realty

    (310) 701-1230

    19 Total Sales

    Elizabeth Seaman
    Section Image
  • Paul Woodman

    Landlord's Co-Listing Agent in 2023

    Paul Woodman

    Coldwell Banker Realty

    (310) 924-1452

    18 Total Sales

    Paul Woodman
    Section Image
  • Wendy Carroll

    Tenant's Agent in 2023

    Wendy Carroll

    Westside Estate Agency-Malibu

    (310) 990-2285

    1 in this area

    15 Total Sales

    Wendy Carroll
    Section Image
  • Barry Kinyon

    Buyer's Agent in 2022

    Barry Kinyon

    Compass

    (310) 251-9254

    21 Total Sales

    Barry Kinyon
    Section Image
  • Jeff Chertow

    Seller's Agent in 2020

    Jeff Chertow

    Pinnacle Estate Properties

    (310) 456-3469

    49 Total Sales

    Jeff Chertow
    Section Image
  • Brian Goldberg

    Buyer's Agent in 2020

    Brian Goldberg

    Pinnacle Estate Properties

    (310) 403-4623

    18 Total Sales

    Brian Goldberg
    Section Image
See All Agents

Map

Source: The MLS

MLS Number: 23-275575

The MLS

APN: 4458-013-025

California Los Angeles County Malibu 90265 Malibu Road

24928 Malibu Rd, Malibu, CA

Not Listed for Sale

Detached

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