NOT LISTED FOR SALE

Estimated Value: $4,642,000 - $8,768,000

3 Beds
3 Baths
2,690 Sq Ft
6,098 Sq Ft Lot

Last Sold September 13, 2016

Last sale price $5,400,000 $2,007 Per Sq Ft

Est. 24% increase in value since last sale

Current estimated payment $41,633/month

Highlights

  • Beach Front
  • Ocean View
  • Living Room
  • Webster Elementary School Rated A
  • Wood Flooring
  • Bungalow

About This Home

As of June 2022

Malibu Road gorgeous beach front 3 BD /3 BA updated home with all new surfaces including hardwood floors throughout, new appliances and private washer/dryer. Direct Beach stair access, large wrap around deck with folding glass doors, private courtyard patio and 2 car garage. 1 year Lease minimum. Pets negotiable. Call for appointment, easy to show.

Last Agent to Rent the Property

Allen Sarlo

Estate Properties License #00635905 Listed on: 05/12/2022

Estate Properties

Last Renter's Agent

Allen Sarlo

Estate Properties License #00635905 Listed on: 05/12/2022

Estate Properties

Condo Details

Home Type

  • Condominium

Year Built

  • Built in 1954

Lot Details

  • Beach Front

Parking

  • 2 Car Garage

Home Design

  • Bungalow

Interior Spaces

  • 2,690 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Living Room
  • Wood Flooring
  • Ocean Views
  • Oven or Range
  • Laundry in unit

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Full Bathrooms

Listing and Financial Details

  • Security Deposit $36,000
  • Tenant pays for cable TV
  • 12-Month Minimum Lease Term
  • 12 Month Lease Term
  • Assessor Parcel Number 4459-015-012

Community Details

Overview

  • 4 Units

Pet Policy

  • Call for details about the types of pets allowed

Condo Details

Home Type

Condominium

Year Built

Built in 1954

Lot Details

6,098 Sq Ft Lot

Parking

2

Rental Info

  • Credit Report Required: Yes
  • Land Lease Purchase Yn: No
  • Land Lease Type: Fee
  • Lease Length: 12
  • Security Deposit: 36000
  • Tenant Pays: Cable TV

Listing Details

  • Property Type: Residential Lease
  • Style: Bungalow
  • Single Family Or Apt: Condo/Apt
  • Street Number Display: Yes
  • Lease Terms: 1+Year
  • Living Area: 2690
  • Planned Urban Dev: 0
  • Stories: 2
  • Water Filled Furn Ins Required: Yes
  • Year Built: 1954
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Flooring: Hardwood
  • Bedrooms: 3
  • Full Bathroom: 3
  • Half Bathroom: 0
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 0
  • Laundry: In Unit
  • Total Bathrooms: 3.00
  • Equipment: Range/Oven
  • Price Per S Q F T: 6.69

Exterior Features

  • Balcony: large deck
  • Pool: No
  • View: Ocean
  • View: Yes

Garage/Parking

  • Garage Spaces: 2
  • Covered Parking: 2
  • Parking Garage: Garage - 2 Car
  • Total Parking: 2

Utilities

  • Cooling: Ceiling Fan
  • Heating: Combination

Association/Amenities

  • Pet Rules: Call

Condo/Co-op/Association

  • Unit Location: oceanfront

Lot Info

  • Horses: No
  • Assessor Parcel Number: 4459-015-012
  • Lot Location: Beach Front
  • Lot Size Area: 6299

Multi Family

  • Number Of Units: 4

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 1, 2025
Sold by
Ruzicka Alan and Sarlo Allen
Bought by
Ocean Trust and Neptune Family Trust
Current Estimated Value
$6,694,893

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$4,400,000
Interest Rate
6.3%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 9, 2018
Sold by
Sario Allen
Bought by
White Daisy Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$4,350,000
Interest Rate
3.25%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Listed on
Apr 20, 2015
Closed on
Sep 2, 2016
Sold by
Ruzicka Sherri
Bought by
Ruzicka Alan
Seller's Agent
Eric Lavey
The Beverly Hills Estates
Buyer's Agent
Andy Lyon
4 Malibu Real Estate
List Price
$5,999,000
Sold Price
$5,400,000
Premium/Discount to List
-$599,000
-9.98%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.28%
Original Mortgage
$4,750,000
Interest Rate
3.43%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 10, 2016
Sold by
Potkin Ralph Terry
Bought by
Ruzicka Alan and Sarlo Allen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$4,750,000
Interest Rate
3.43%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 21, 2014
Sold by
Potkin Ralph Terry
Bought by
Potkin Ralph Terry and The Ralph Potkin Living Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
4.1%
Mortgage Type
Balloon

Purchase Details

Closed on
Nov 13, 2014
Sold by
Potkin Ralph
Bought by
Potkin Ralph and The Ralph Potkin Revocable Living Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
4.1%
Mortgage Type
Balloon

Purchase Details

Closed on
Oct 18, 2005
Sold by
Potkin Ralph Terry
Bought by
Potkin Ralph and The Ralph Potkin Living Trust

Purchase Details

Closed on
Dec 16, 2002
Sold by
Potkin Ralph T
Bought by
Potkin Jeffrey

Purchase Details

Closed on
Mar 16, 2000
Sold by
Baumgartner Robert L
Bought by
Potkin Ralph Terry

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,032,500
Interest Rate
8.34%

Purchase Details

Closed on
Jul 31, 1995
Sold by
The Adamson Companies
Bought by
Baumgartner Robert L and Baumgartner Marlene A
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
Ocean Trust -- Chicago Title Company
Ruzicka Alan -- Chicago Title Company
White Daisy Llc -- Fidelity Sherman Oaks
Ruzicka Alan -- Equity Title Company
Ruzicka Alan $5,400,000 Equity Title Company
Potkin Ralph Terry -- Title 365
Potkin Ralph -- None Available
Potkin Ralph -- --
Potkin Jeffrey -- --
Potkin Ralph Terry $1,475,000 Progressive Title Company
Baumgartner Robert L -- Chicago Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Ocean Trust $4,400,000
Previous Owner White Daisy Llc $4,350,000
Previous Owner Ruzicka Alan $4,750,000
Previous Owner Ruzicka Alan $4,750,000
Previous Owner Potkin Ralph Terry $300,000
Previous Owner Potkin Ralph Terry $1,032,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/15/2022 06/15/22 Rented $17,000 -5.6% --
05/18/2022 05/18/22 Under Contract -- -- --
05/12/2022 05/12/22 For Rent $18,000 +20.0% --
06/14/2021 06/14/21 Rented $15,000 0.0% --
06/03/2021 06/03/21 For Rent $15,000 +279.7% --
02/01/2020 02/01/20 Rented $3,950 0.0% --
01/09/2020 01/09/20 For Rent $3,950 -71.8% --
06/21/2019 06/21/19 Rented $14,000 0.0% --
05/21/2019 05/21/19 For Rent $14,000 0.0% --
09/13/2016 09/13/16 Sold $5,400,000 -10.0% $2,007 / Sq Ft View Prior Sale
05/05/2016 05/05/16 Pending -- -- --
04/11/2016 04/11/16 For Sale $5,999,000 +11.1% $2,230 / Sq Ft
04/10/2016 04/10/16 Off Market $5,400,000 -- --
11/19/2015 11/19/15 Price Changed $5,999,000 -12.4% $2,230 / Sq Ft
07/21/2015 07/21/15 Price Changed $6,850,000 -6.1% $2,546 / Sq Ft
04/20/2015 04/20/15 For Sale $7,295,000 -- $2,712 / 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 $77,003 $6,713,188 $5,689,144 $1,024,044
2024 $77,003 $6,581,558 $5,577,593 $1,003,965
2023 $75,637 $6,452,509 $5,468,229 $984,280
2022 $74,729 $6,325,990 $5,361,009 $964,981
2021 $73,074 $6,201,952 $5,255,892 $946,060
2020 $72,668 $6,138,720 $5,202,000 $936,720
2019 $67,021 $5,618,520 $5,097,960 $520,560
2018 $63,701 $5,508,360 $4,998,000 $510,360
2016 $24,524 $2,032,733 $1,471,912 $560,821
2015 $24,206 $2,002,200 $1,449,803 $552,397
2014 $23,878 $1,962,981 $1,421,404 $541,577
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 22-156329

The MLS

APN: 4459-015-012

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