NOT LISTED FOR SALE

33618 Pacific Coast Hwy Malibu, CA 90265

Encinal Bluffs Neighborhood

Estimated Value: $5,453,000 - $17,574,284

3 Beds
3.5 Baths
2,450 Sq Ft
$4,699/Sq Ft Est. Value

Last Sold January 20, 2016

Last sale price $15,000,000 $6,122 Per Sq Ft

Est. 25% decrease in value since last sale

Current estimated payment $77,906/month

90 Days on Market

Highlights

  • White Water Ocean Views
  • Heated Spa
  • Wood Flooring
  • Malibu Elementary School Rated A
  • 23,761 Sq Ft lot
  • 7 Car Attached Garage

About This Home

As of January 2016

Exquisitely remodeled and updated Harry Gesner masterpiece situated on 100 feet of pristine white sandy beach. This dramatic coastal sanctuary is majestically situated on one of the most private and secret coves of Malibu. Enjoy 180 degree ocean, whitewater views through full height beach front glass walls from every room. Two direct stairs and side access to the sand. Enjoy breathtaking natural beauty and extreme privacy. **Broker, broker's agent & owner do not guarantee square footage, bedroom/bathroom count, lot size or lot dimensions, zoning, easements, permitted or un-permitted spaces. Buyer or buyer representative to do their own investigation to satisfy themselves. **

Last Agent to Sell the Property

Chris Cortazzo

Compass License #01190363 Listed on: 09/22/2015

Compass

Last Buyer's Agent

Matt Rapf

Sotheby's International Realty License #00854118

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $200,098

Year Built

  • Built in 1960

Lot Details

  • 0.55 Acre Lot
  • Property is zoned LCRA1*

Property Views

  • White Water Ocean
  • Coastline

Interior Spaces

  • 2,450 Sq Ft Home
  • 2-Story Property
  • Built-In Features
  • Entryway
  • Family Room
  • Living Room with Fireplace
  • Dining Area
  • Wood Flooring

Kitchen

  • Breakfast Bar
  • Oven or Range
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Walk-In Closet
  • Powder Room

Laundry

  • Laundry Room
  • Dryer
  • Washer

Parking

  • 7 Car Attached Garage
  • Guest Parking

Pool

  • Heated Spa
  • Above Ground Spa

Outdoor Features

  • Open Patio

Utilities

  • Central Heating and Cooling System
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 4473-021-009

Home Details

Home Type

Single Family

Est. Annual Taxes

$200,098

Year Built

Built in 1960

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Style: Architectural
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: No
  • Living Area: 2450
  • Stories: 2
  • Year Built: 1960
  • Number Of Photos: 49
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Fireplace Rooms: Living Room
  • Flooring: Hardwood
  • Bedrooms: 3
  • Fireplaces: 1
  • Full Bathroom: 3
  • Half Bathroom: 0
  • One Quarter Bathrooms: 1
  • Three Quarter Bathrooms: 0
  • Dining Room: 0
  • Family Room: 1
  • Laundry: Inside, Room
  • Total Bathrooms: 4.00
  • Den: 0
  • Equipment: Built-Ins, Cable, Dishwasher, Dryer, Garbage Disposal, Hood Fan, Network Wire, Range/Oven, Refrigerator, Washer
  • Fireplace: Yes
  • Price Per S Q F T: 6836.73

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No
  • Spa: Above Ground, Heated, Hot Tub, Private
  • Spa Yn: Yes
  • View: Coastline, Ocean, White Water
  • View: Yes

Garage/Parking

  • Covered Parking: 2
  • Parking Garage: Attached, Garage - 2 Car, Parking for Guests, Private
  • Total Parking: 7

Utilities

  • Cooling: Central
  • Heating: Central

Lot Info

  • Special Zoning: Coastal Commission
  • Horses: No
  • Assessor Parcel Number: 4473-021-009
  • Geocode Override: No
  • Lot Size Area: 23761

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 22, 2015
Closed on
Jan 13, 2016
Sold by
Cortazzo Christopher
Bought by
Pch Investment Ii Llc
Seller's Agent
Chris Cortazzo
Compass
Buyer's Agent
Matt Rapf
Sotheby's International Realty
List Price
$16,750,000
Sold Price
$15,000,000
Premium/Discount to List
-$1,750,000
-10.45%
Current Estimated Value
$11,183,578

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$3,816,422
Avg. Annual Appreciation
-2.73%
Original Mortgage
$10,000,000
Outstanding Balance
$4,430,738
Interest Rate
3.65%
Mortgage Type
Stand Alone Second
Estimated Equity
$7,082,904

Purchase Details

Closed on
May 16, 2012
Sold by
Baghdasarian Zareh
Bought by
Cortazzo Christopher and The Christopher Cortazzo Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,400,000
Interest Rate
2.25%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 16, 2003
Sold by
Macdougall Margot
Bought by
Baghdasarian Zareh and Baghdasarian Seda

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,820,000
Interest Rate
4.87%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 18, 1999
Sold by
Blowers Dorothy L
Bought by
Macdougall Margot
Source: Public Records

Range of Values:

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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
Pch Investment Ii Llc $15,000,000 Equity Title
Cortazzo Christopher $5,795,057 Lawyers Title
Baghdasarian Zareh -- --
Macdougall Margot $3,100,000 First American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Pch Investment Ii Llc $10,000,000
Previous Owner Cortazzo Christopher $3,400,000
Previous Owner Baghdasarian Zareh $950,000
Previous Owner Baghdasarian Zareh $4,000,000
Previous Owner Baghdasarian Zareh $1,000,000
Previous Owner Baghdasarian Zareh $2,820,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/20/2016 01/20/16 Sold $15,000,000 -10.4% $6,122 / Sq Ft
01/14/2016 01/14/16 For Sale $16,750,000 +11.7% $6,837 / Sq Ft
12/21/2015 12/21/15 Pending -- -- --
10/26/2015 10/26/15 Off Market $15,000,000 -- --
09/22/2015 09/22/15 For Sale $16,750,000 -- $6,837 / Sq Ft
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 $200,098 $17,756,960 $16,573,166 $1,183,794
2024 $200,098 $17,408,785 $16,248,202 $1,160,583
2023 $196,349 $17,067,437 $15,929,610 $1,137,827
2022 $194,133 $16,732,782 $15,617,265 $1,115,517
2021 $189,718 $16,404,690 $15,311,045 $1,093,645
2019 $186,056 $15,918,120 $14,856,912 $1,061,208
2018 $176,763 $15,606,000 $14,565,600 $1,040,400
2016 $70,367 $6,154,033 $5,835,722 $318,311
2015 $69,422 $6,061,595 $5,748,065 $313,530
2014 -- $5,942,858 $5,635,469 $307,389
Source: Public Records

Agents Affiliated with this Home

  • Chris Cortazzo

    Seller's Agent in 2016

    Chris Cortazzo

    Compass

    (310) 457-3995

    13 in this area

    225 Total Sales

    Section Image

  • M

    Buyer's Agent in 2016

    Matt Rapf

    Sotheby's International Realty

    Section Image
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Map

Source: The MLS

MLS Number: 15-943935

The MLS

APN: 4473-021-009

California Los Angeles County Malibu 90265 Encinal Bluffs

33618 Pacific Coast Hwy, Malibu, CA

This home is located at 33618 Pacific Coast Hwy, Malibu, CA 90265 since 22 September 2015 and is currently estimated at $11,513,642, approximately $4,699 per square foot. This property was built in 1960. 33618 Pacific Coast Hwy 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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