NOT LISTED FOR SALE

31330 Broad Beach Rd Malibu, CA 90265

Broad Beach Neighborhood

Estimated Value: $6,204,000 - $13,591,086

4 Beds
3 Baths
1,396 Sq Ft
$6,283/Sq Ft Est. Value

Last Sold May 24, 2019

Last sale price $5,275,000 $3,779 Per Sq Ft

Est. 60% increase in value since last sale

Current estimated payment $54,969/month

39 Days on Market

Highlights

  • White Water Ocean Views
  • Living Room with Fireplace
  • No HOA
  • Malibu Elementary School Rated A
  • Spanish Architecture
  • Garage

About This Home

As of May 2019

Best Development opportunity on the flats of Broad Beach. With approximately 50 feet of beach frontage, 16,800 + Sq. Ft. lot, this property has tremendous estate potential. Broad Beach remains highly desirable and one of the deepest and sandy beaches in all of Malibu. The existing Spanish style hideaway is a great second home or enjoyable beach get-away while you conceptualize and design its transformation. For the car enthusiast this home provides eight off street parking spaces including a four-car garage. At this price, this may be the best investment opportunity on the beach in Malibu today.

Last Agent to Sell the Property

Marcus Beck

Sotheby's International Realty License #00971376 Listed on: 02/11/2019

Co-Listed By

Barry Kinyon

Compass License #01097786

Compass

Last Buyer's Agent

Barry Kinyon

Compass License #01097786

Compass

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $104,939

Year Built

  • Built in 1933

Lot Details

  • 0.39 Acre Lot
  • Property is zoned LCR110000*

Home Design

  • Spanish Architecture

Interior Spaces

  • 2-Story Property
  • Built-In Features
  • Family Room
  • Living Room with Fireplace
  • Dining Room
  • White Water Ocean Views
  • Oven or Range

Flooring

  • Carpet
  • Linoleum

Bedrooms and Bathrooms

  • 4 Bedrooms

Laundry

  • Laundry Room
  • Gas Dryer Hookup

Parking

  • Garage
  • Driveway
  • Guest Parking

Outdoor Features

  • Open Patio

Utilities

  • Heating System Mounted To A Wall or Window
  • Cable TV Available

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 4470-016-008

Home Details

Home Type

Single Family

Est. Annual Taxes

$104,939

Year Built

Built in 1933

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Style: Spanish
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: No
  • Planned Urban Dev: 0
  • Probate: No
  • Stories: 2
  • Year Built: 1933
  • Number Of Photos: 1
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Fireplace Rooms: Living Room
  • Flooring: Carpet, Linoleum
  • Bedrooms: 4
  • Full Bathroom: 1
  • Half Bathroom: 0
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 2
  • Dining Room: 1
  • Family Room: 1
  • Laundry: Inside
  • Total Bathrooms: 3.00
  • Den: 0
  • Equipment: Built-Ins, Cable, Gas Dryer Hookup, Range/Oven

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No
  • Spa Yn: No
  • View: Ocean, White Water
  • View: Yes

Garage/Parking

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

Utilities

  • Heating: Wall Electric

Condo/Co-op/Association

  • HOA: No

Lot Info

  • Horses: No
  • Assessor Parcel Number: 4470-016-008
  • Geocode Override: No
  • Lot Size Area: 16881

Multi Family

  • Number Of Units: 0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 11, 2019
Closed on
May 20, 2019
Sold by
Rutter Deborah F and Rutter Theodore T
Bought by
Aegir Global Llc
Seller's Agent
Marcus Beck
Sotheby's International Realty
Buyer's Agent
Barry Kinyon
Compass
List Price
$6,250,000
Sold Price
$5,275,000
Premium/Discount to List
-$975,000
-15.6%
Current Estimated Value
$8,442,530

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$3,167,530
Avg. Annual Appreciation
8.52%
Original Mortgage
$3,428,750
Interest Rate
5.9%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Listed on
Feb 11, 2019
Closed on
Apr 11, 2019
Sold by
Ellefson Peter Eric
Bought by
Rutter Deborah F
Seller's Agent
Marcus Beck
Sotheby's International Realty
Buyer's Agent
Barry Kinyon
Compass
List Price
$6,250,000
Sold Price
$5,275,000
Premium/Discount to List
-$975,000
-15.6%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,428,750
Interest Rate
5.9%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Aug 19, 2014
Sold by
Rutter Theodore T
Bought by
Rutter Theodore T and Theodore T Rutter Family Living Trust

Purchase Details

Closed on
Apr 4, 2014
Sold by
Lumsden Winifred Hitz
Bought by
Rutter Deborah F and Rutter Theodore T

Purchase Details

Closed on
Dec 3, 1998
Sold by
Lumsden Winifred H
Bought by
Lumsden Winifred Hitz and The Winifred Hitz Lumden Residence Tr
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
Aegir Global Llc $5,275,000 Equity Title Los Angeles
Rutter Deborah F -- Equity Title Los Angeles
Rutter Theodore T -- None Available
Rutter Deborah F -- None Available
Lumsden Winifred Hitz -- --
Lumsden Winifred Hitz -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Aegir Global Llc $3,435,000
Closed Aegir Global Llc $3,428,750
Previous Owner Lumsden Winifred Hitz $0
Previous Owner Lumsden Winifred Hitz $500,000
Previous Owner Winifred Hitz Lumsden Residence Trust $500,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/24/2019 05/24/19 Sold $5,275,000 -15.6% $3,779 / Sq Ft
03/22/2019 03/22/19 Pending -- -- --
02/11/2019 02/11/19 For Sale $6,250,000 0.0% $4,477 / Sq Ft
09/28/2018 09/28/18 Rented $8,000 -20.0% --
08/13/2018 08/13/18 For Rent $10,000 -- --
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 $104,939 $5,884,356 $4,707,487 $1,176,869
2024 $104,939 $5,768,978 $4,615,184 $1,153,794
2023 $103,641 $5,655,862 $4,524,691 $1,131,171
2022 $101,430 $5,544,964 $4,435,972 $1,108,992
2021 $97,033 $5,436,241 $4,348,993 $1,087,248
2020 $95,416 $5,380,500 $4,304,400 $1,076,100
2019 $51,216 $734,196 $552,188 $182,008
2018 $40,583 $719,801 $541,361 $178,440
2016 $36,766 $691,853 $520,341 $171,512
2015 $36,254 $7,649,849 $7,471,353 $178,496
2014 $27,701 $668,113 $502,486 $165,627
Source: Public Records

Agents Affiliated with this Home

  • Marcus Beck

    Seller's Agent in 2019

    Marcus Beck

    Sotheby's International Realty

    (310) 456-9405

    31 Total Sales

    Section Image
  • Barry Kinyon

    Seller Co-Listing Agent in 2019

    Barry Kinyon

    Compass

    (310) 251-9254

    1 in this area

    24 Total Sales

    Section Image

  • N

    Buyer's Agent in 2018

    Nadia Emelia

    Revel Real Estate

    Section Image
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Map

Source: The MLS

MLS Number: 19-433442

The MLS

APN: 4470-016-008

California Los Angeles County Malibu 90265 Broad Beach

31330 Broad Beach Rd, Malibu, CA

This home is located at 31330 Broad Beach Rd, Malibu, CA 90265 since 11 February 2019 and is currently estimated at $8,771,272, approximately $6,283 per square foot. This property was built in 1933. 31330 Broad Beach Rd is a home located in Los Angeles County with nearby schools including Malibu Elementary School, Malibu Middle School, and Malibu High School.

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