NOT LISTED FOR SALE

5938 Philip Ave Malibu, CA 90265

Estimated Value: $4,383,000 - $6,033,529

1.9 Acres
$2,717,833 Price per Acre
82,764 Sq Ft Lot

Last Sold July 17, 2015

Last sale price $2,012,500

Est. 157% increase in value since last sale

Current estimated payment $30,666/month

1,053 Days on Market

Highlights

  • Ocean View
  • Horse Property
  • Fenced
  • Malibu Elementary School Rated A

About This Lot

As of July 2015

This gently sloping 1.9 acre parcel has spectacular views of the ocean and Santa Monica Mountains. Located in Malibu Park, it's just minutes from schools, Zuma Beach and the new Trancas Country Market Shopping Center. Plans, surveys, reports available, along with Coastal Development Permit for a 6,452 sf home with 75' pool, 729 sf attached garage, plus 872 sf guest house...all designed by architects Levitt & Moss. Water meter is in. Great horse property- close to trails for riding and hiking. Also includes fruit trees. Hydrant at site.

Last Agent to Sell the Property

Kate Pritchett

Sotheby's International Realty License #01890454 Listed on: 05/25/2012

Co-Listed By

Jack Pritchett

Sotheby's International Realty License #00454234

Last Buyer's Agent

Bill Moss

Coldwell Banker Realty License #00860010

Coldwell Banker Realty

Property Details

Property Type

  • Land

Lot Details

  • 1.9 Acre Lot
  • Fenced
  • Property is zoned LCRA20000

Property Views

  • Ocean
  • Mountain

Additional Features

  • Horse Property
  • Septic Tank

Listing and Financial Details

  • Assessor Parcel Number 4469-015-002

Property Details

Property Type

Land

Lot Details

0

Listing Details

  • Property Type: Land
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: No
  • Lot Dimensions: A1.9
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • Street Description: Asphalt
  • View: Mountains, Ocean
  • View: Yes

Utilities

  • Cable: No
  • Electric: In Street
  • Gas: In Street
  • Sewer: Septic Tank
  • Telephone: No
  • Water: On Site

Lot Info

  • Special Zoning: Coastal Commission
  • Horses: Yes
  • Assessor Parcel Number: 4469-015-002
  • Current Geological: Yes
  • Lot Description: Fenced, Horse Property
  • Lot Size Area: 82764
  • Site Decription: Varied
  • Topography: Varied

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 26, 2024
Sold by
Gray Karen L and Gray Karen S
Bought by
David L Gray And Karen S Gray Revocable Livin and Gray
Current Estimated Value
$5,163,882

Purchase Details

Listed on
May 25, 2012
Closed on
Jun 25, 2015
Sold by
Shapiro Frederick
Bought by
Gray David L and Gray Karen L
Seller's Agent
Kate Pritchett
Sotheby's International Realty
Buyer's Agent
Bill Moss
Coldwell Banker Realty
List Price
$2,199,000
Sold Price
$2,012,500
Premium/Discount to List
-$186,500
-8.48%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.39%
Original Mortgage
$650,000
Interest Rate
3.75%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Jul 13, 1995
Sold by
Shapiro Frederick D and Shapiro Kathie
Bought by
Shapiro Frederick
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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Purchase History

Date Buyer Sale Price Title Company
David L Gray And Karen S Gray Revocable Livin -- None Listed On Document
David L Gray And Karen S Gray Revocable Livin -- None Listed On Document
David L Gray And Karen S Gray Revocable Livin -- None Listed On Document
Gray David L $2,012,500 Equity Title
Shapiro Frederick -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Gray David L $650,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/17/2015 07/17/15 Sold $2,012,500 -8.5% --
04/13/2015 04/13/15 Pending -- -- --
05/25/2012 05/25/12 For Sale $2,199,000 -- --
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 $43,963 $3,828,288 $2,382,390 $1,445,898
2024 $43,963 $3,753,225 $2,335,677 $1,417,548
2023 $26,924 $2,289,880 $2,289,880 $0
2022 $26,605 $2,244,981 $2,244,981 $0
2021 $25,989 $2,200,962 $2,200,962 $0
2019 $25,478 $2,135,681 $2,135,681 $0
2018 $24,236 $2,093,805 $2,093,805 $0
2016 $23,387 $2,012,500 $2,012,500 $0
2015 $4,535 $347,958 $347,958 $0
2014 -- $341,142 $341,142 $0
Source: Public Records

Agents Affiliated with this Home

  • Kate Pritchett

    Seller's Agent in 2015

    Kate Pritchett

    Sotheby's International Realty

    (310) 741-1977

    8 Total Sales

    Kate Pritchett
    Section Image
  • Jack Pritchett

    Seller Co-Listing Agent in 2015

    Jack Pritchett

    Sotheby's International Realty

    (310) 456-6771

    11 Total Sales

    Jack Pritchett
    Section Image

  • B

    Buyer's Agent in 2015

    Bill Moss

    Coldwell Banker Realty

    (310) 457-6550

    84 Total Sales

    Bill Moss
    Section Image
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Map

Source: The MLS

MLS Number: 12-603039

The MLS

APN: 4469-015-002

California Los Angeles County Malibu 90265

5938 Philip Ave, Malibu, CA

Not Listed for Sale

Lots

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