NOT LISTED FOR SALE

25316 Malibu Rd Malibu, CA 90265

Malibu Road Neighborhood

Estimated Value: $5,511,000 - $8,850,353

6 Beds
6 Baths
3,108 Sq Ft
$2,444/Sq Ft Est. Value

Last Sold November 17, 2015

Last sale price $6,150,000 $1,979 Per Sq Ft

Est. 24% increase in value since last sale

Current estimated payment $48,137/month

16 Days on Market

Highlights

  • Ocean Front
  • Living Room with Fireplace
  • 4 Car Garage
  • Webster Elementary School Rated A
  • Traditional Architecture
  • Laundry Facilities

About This Home

As of November 2015

Exceptional opportunity on 50+/- feet of sandy beachfront Malibu Road. This 4 unit apartment building is easily the best buy on the beach and priced for a quick sale. An application has been submitted and is currently under review to combine the 2 oceanfront units into 1 spacious beachfront owner's showplace, while retaining the 2 existing 1 bedroom apartments. Both with amazing ocean views over the 4 car garage each with their own private entrance. Perfect to use as rentals for additional income, guest quarters or home offices. 3 of the 4 units are on month-to-month leases and require 24 hours notice to show. 1 unit is being kept vacant for short notice showings. Prior to the planned vacancy, the combined monthly gross income was $17,000. Many of these rare properties have been transformed into phenomenal single family residences in the past years. Don't miss out on the potential this property has to offer!

Last Agent to Sell the Property

Paul Woodman

Coldwell Banker Realty License #01338766 Listed on: 11/01/2015

Coldwell Banker Realty

Last Buyer's Agent

Chris Cortazzo

Compass License #01190363

Compass

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1958

Lot Details

  • 8,021 Sq Ft Lot
  • Ocean Front
  • Property is zoned LCR3*

Property Views

  • White Water Ocean
  • Coastline
  • Catalina
  • City Lights

Home Design

  • Traditional Architecture

Interior Spaces

  • 3,108 Sq Ft Home
  • Living Room with Fireplace
  • 2 Fireplaces

Bedrooms and Bathrooms

  • 6 Bedrooms

Parking

  • 4 Car Garage
  • Driveway

Utilities

  • Heating System Mounted To A Wall or Window
  • Septic Tank

Listing and Financial Details

  • Assessor Parcel Number 4459-016-015

Community Details

Overview

Amenities

  • Laundry Facilities

Home Details

Home Type

Single Family

Year Built

Built in 1958

Lot Details

8,021 Sq Ft Lot

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Style: Traditional
  • Street Number Display: Yes
  • Living Area: 3108
  • Year Built: 1958
  • State Abbrv: CA
  • Special Features: None
  • Stories: 0

Interior Features

  • Fireplace Rooms: Living Room
  • Flooring: Mixed
  • Bedrooms: 6
  • Fireplaces: 2
  • Full Bathroom: 4
  • Half Bathroom: 2
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 0
  • Laundry: Community
  • Maids Room: 1
  • Total Bathrooms: 6.00
  • Fireplace: Yes
  • Price Per S Q F T: 2203.00

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No
  • View: Catalina, City Lights, Coastline, Ocean, Water, White Water
  • View: Yes
  • Waterfront: Ocean

Garage/Parking

  • Covered Parking: 4
  • Parking Garage: Covered Parking, Detached, Driveway, Garage - 4+ Car, Garage Is Detached

Utilities

  • Heating: Wall
  • Sewer: Septic Tank

Lot Info

  • Assessor Parcel Number: 4459-016-015
  • Geocode Override: No
  • Lot Size Area: 8021

Multi Family

  • Number Of Units: 4

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 1, 2015
Closed on
Dec 10, 2015
Sold by
Indie Properties Llc
Bought by
Shepher Beach Llc
Seller's Agent
Paul Woodman
Coldwell Banker Realty
Buyer's Agent
Chris Cortazzo
Compass
List Price
$6,850,000
Sold Price
$6,150,000
Premium/Discount to List
-$700,000
-10.22%
Current Estimated Value
$7,596,784

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,446,784
Avg. Annual Appreciation
2.06%

Purchase Details

Closed on
Jul 31, 2014
Sold by
Brown Rosalie C
Bought by
25316 Malibu Road Llc

Purchase Details

Closed on
Jul 30, 2014
Sold by
Smith Shralyn
Bought by
25316 Malibu Road Llc

Purchase Details

Closed on
Jul 29, 2014
Sold by
Smith Robert R
Bought by
25316 Malibu Road Llc

Purchase Details

Closed on
Sep 13, 2010
Sold by
Smith Vera K and Dean H & Vera K Smith Family T
Bought by
Vk Smith Realty Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$801,950
Interest Rate
4.45%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 12, 2009
Sold by
Smith Vera K and Dean H & Vera K Smith Family T
Bought by
Vk Smith Realty Llc

Purchase Details

Closed on
Feb 4, 2009
Sold by
Vk Smith Realty Llc
Bought by
Smith Vera K and Dean H & Vera K Smith Family Trust

Purchase Details

Closed on
May 16, 2003
Sold by
Smith Vera K
Bought by
Vk Smith Realty Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$620,000
Interest Rate
5.71%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 27, 2000
Sold by
Smith Vera K and Dean H & Vera K Smith Family T
Bought by
Vk Smith Realty Llc
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
Shepher Beach Llc $6,150,000 Priority Title Company
25316 Malibu Road Llc -- None Available
25316 Malibu Road Llc -- None Available
25316 Malibu Road Llc -- None Available
25316 Malibu Road Llc -- None Available
Smith Robert R -- None Available
25316 Malibu Road Llc -- None Available
Vk Smith Realty Llc -- Accommodation
Smith Vera K -- First American Title Company
Vk Smith Realty Llc -- Accommodation
Smith Vera K -- Cctn Pasadena Title
Vk Smith Realty Llc -- New Century Title Company
Smith Vera K -- New Century Title Company
Vk Smith Realty Llc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Smith Vera K $801,950
Previous Owner Smith Vera K $620,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/17/2015 11/17/15 Sold $6,150,000 -10.2% $1,979 / Sq Ft
11/17/2015 11/17/15 Pending -- -- --
11/01/2015 11/01/15 For Sale $6,850,000 +22.3% $2,204 / Sq Ft
01/09/2015 01/09/15 Sold $5,600,000 -5.9% $1,802 / Sq Ft View Prior Sale
10/12/2014 10/12/14 Pending -- -- --
09/02/2014 09/02/14 Price Changed $5,950,000 -4.8% $1,914 / Sq Ft
08/21/2014 08/21/14 Price Changed $6,250,000 -8.8% $2,011 / Sq Ft
05/19/2014 05/19/14 For Sale $6,850,000 -- $2,204 / 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 $103,323 $8,659,454 $7,592,718 $1,066,736
2024 $103,323 $8,489,662 $7,443,842 $1,045,820
2023 $101,395 $8,323,199 $7,297,885 $1,025,314
2022 $100,082 $8,160,000 $7,154,790 $1,005,210
2021 $83,007 $6,725,922 $6,179,100 $546,822
2020 $82,567 $6,658,157 $6,115,741 $542,416
2019 $81,416 $6,527,629 $5,995,825 $531,804
2018 $77,459 $6,399,660 $5,878,260 $521,400
2016 $74,631 $6,150,000 $5,650,000 $500,000
2015 $9,918 $440,528 $293,732 $146,796
2014 $9,854 $431,900 $287,979 $143,921
Source: Public Records

Agents Affiliated with this Home

  • Paul Woodman

    Seller's Agent in 2015

    Paul Woodman

    Coldwell Banker Realty

    (310) 924-1452

    18 Total Sales

    Paul Woodman
    Section Image
  • Isabel Miller

    Seller's Agent in 2015

    Isabel Miller

    Pinnacle Estate Properties

    (310) 890-7215

    Isabel Miller
    Section Image
  • Jeff Chertow

    Seller Co-Listing Agent in 2015

    Jeff Chertow

    Pinnacle Estate Properties

    (310) 456-3469

    49 Total Sales

    Jeff Chertow
    Section Image
  • Chris Cortazzo

    Buyer's Agent in 2015

    Chris Cortazzo

    Compass

    (310) 489-7091

    3 in this area

    203 Total Sales

    Chris Cortazzo
    Section Image
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Map

Source: The MLS

MLS Number: 15-955381

The MLS

APN: 4459-016-015

California Los Angeles County Malibu 90265 Malibu Road

25316 Malibu Rd, Malibu, CA

Not Listed for Sale

Detached

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