NOT LISTED FOR SALE

25338 Malibu Rd Unit 1 Malibu, CA 90265

Malibu Road Neighborhood

Estimated Value: $2,454,000 - $2,901,000

2 Beds
2 Baths
1,055 Sq Ft
7,732 Sq Ft Lot

Last Sold January 10, 2014

Last sale price $1,885,000 $1,787 Per Sq Ft

Est. 42% increase in value since last sale

Current estimated payment $16,835/month

Highlights

  • Ocean Front
  • Wood Flooring
  • Breakfast Bar
  • Webster Elementary School Rated A
  • Furnished
  • Bungalow

About This Home

As of November 2020

Welcome to your airy and bright panoramic ocean view oasis. Right in the heart of Malibu, this unit faces the ocean and offers miles of beach right below the unit. The unit features a gourmet kitchen, stainless steel appliances, bonus area, dining area, den, 2 huge bedrooms, 2 bathrooms. Laundry room exclusive to this unit right outside. Also available for monthly rentals at $15,000 per month.

Last Agent to Rent the Property

Sina Aryeh

Coldwell Banker Realty License #02068241 Listed on: 08/17/2020

Coldwell Banker Realty

Last Renter's Agent

Jack Salsberg

Sotheby's International Realty License #00919177

Condo Details

Home Type

  • Condominium

Est. Annual Taxes

  • $27,932

Year Built

  • Built in 1956

Lot Details

  • Ocean Front

Parking

  • On-Street Parking

Property Views

  • Ocean
  • Coastline
  • Panoramic

Home Design

  • Bungalow

Interior Spaces

  • 1,055 Sq Ft Home
  • 2-Story Property
  • Furnished
  • Dining Area
  • Wood Flooring
  • Laundry Located Outside

Kitchen

  • Breakfast Bar
  • Microwave
  • Freezer
  • Dishwasher
  • Kitchen Island

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Utilities

  • Central Heating
  • Cable TV Available

Listing and Financial Details

  • Security Deposit $10,000
  • Month-to-Month Lease Term
  • Assessor Parcel Number 4459-017-019

Condo Details

Home Type

Condominium

Est. Annual Taxes

$27,932

Year Built

Built in 1956

Lot Details

0

Rental Info

  • Credit Report Required: Yes
  • Furnished: Furnished
  • Land Lease Expiration Year: 2020
  • Lease Option: 1
  • Security Deposit: 10000
  • Land Lease Expiration Date: 2020-08-30

Listing Details

  • Property Type: Residential Lease
  • Style: Bungalow
  • Single Family Or Apt: Condo/Apt
  • Street Number Display: Yes
  • Lease Terms: Month To Month
  • Living Area: 1055
  • Lot Acreage: 0.1775
  • Monthto Month: Yes
  • Stories: 2
  • Year Built: 1956
  • Number Of Photos: 7
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Flooring: Hardwood
  • Bedrooms: 2
  • Full Bathroom: 2
  • Half Bathroom: 0
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 0
  • Dining Room: 0
  • Family Room: 0
  • Eating Areas: Breakfast Counter / Bar, Dining Area, Kitchen Island
  • Laundry: Outside
  • Total Bathrooms: 2.00
  • Den: 0
  • Equipment: Cable, Dishwasher, Freezer, Hood Fan, Microwave, Refrigerator
  • Price Per S Q F T: 9.48

Exterior Features

  • Pool: No
  • View: Coastline, Ocean, Panoramic
  • View: Yes
  • Waterfront: Ocean

Garage/Parking

  • Parking Garage: On street

Utilities

  • Cooling: Air Conditioning
  • Heating: Central

Lot Info

  • Assessor Parcel Number: 4459-017-019
  • Lot Size Area: 7732

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 22, 2024
Sold by
Naim Houshmand Joseph
Bought by
25338 Malibu Road Inc
Current Estimated Value
$2,683,301

Purchase Details

Listed on
Mar 29, 2013
Closed on
Dec 27, 2013
Sold by
Hildebrand Phil
Bought by
Naim Houshmand Joseph
Seller's Agent
Madison Hildebrand
Compass
Buyer's Agent
Manou Cohen
California Dream Houses Corp
List Price
$2,650,000
Sold Price
$1,885,000
Premium/Discount to List
-$765,000
-28.87%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.08%

Purchase Details

Closed on
Sep 23, 2010
Sold by
Shachory Rafael
Bought by
Hildebrand Phil and Hildebrand Wendy

Purchase Details

Closed on
Feb 6, 2004
Sold by
Shachory Isaac
Bought by
Shachory Isaac and Shachory Rafael

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$384,900
Interest Rate
5.79%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 16, 2004
Sold by
Shachory Isaac
Bought by
Shachory Isaac

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$384,900
Interest Rate
5.79%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 22, 2003
Sold by
Shachory Diana S
Bought by
Shachory Isaac

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$384,900
Interest Rate
5.79%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 12, 1996
Sold by
Shachory Diana S
Bought by
Shachory Isac
Source: Public Records

Range of Values:

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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
25338 Malibu Road Inc -- None Listed On Document
Naim Houshmand Joseph $1,885,000 Lawyers Title
Hildebrand Phil $1,057,500 Lawyers Title
Shachory Isaac -- --
Shachory Isaac -- Landsafe Title Company
Shachory Isaac -- --
Shachory Isac -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Shachory Isaac $384,900
Closed Shachory Isaac $85,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/10/2020 11/10/20 Rented $10,000 0.0% --
08/17/2020 08/17/20 For Rent $10,000 0.0% --
01/10/2014 01/10/14 Sold $1,885,000 -24.6% $1,787 / Sq Ft
06/17/2013 06/17/13 Price Changed $2,500,000 -5.7% $2,370 / Sq Ft
03/29/2013 03/29/13 For Sale $2,650,000 0.0% $2,512 / Sq Ft
05/23/2012 05/23/12 Rented $10,000 -16.7% --
05/23/2012 05/23/12 Under Contract -- -- --
09/08/2011 09/08/11 For Rent $12,000 -- --
Source: The MLS

Tax History Compared to Growth

Source: Public Records

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 $27,932 $2,310,743 $1,961,377 $349,366
2024 $27,932 $2,265,435 $1,922,919 $342,516
2023 $27,410 $2,221,015 $1,885,215 $335,800
2022 $27,045 $2,177,466 $1,848,250 $329,216
2021 $26,376 $2,134,771 $1,812,010 $322,761
2019 $25,862 $2,071,455 $1,758,266 $313,189
2018 $24,613 $2,030,840 $1,723,791 $307,049
2016 $23,711 $1,951,982 $1,656,855 $295,127
2015 $23,391 $1,922,662 $1,631,968 $290,694
2014 $14,174 $1,105,217 $731,586 $373,631
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 20-620100

The MLS

APN: 4459-017-019