NOT LISTED FOR SALE

5941 Philip Ave Malibu, CA 90265

Estimated Value: $6,526,000 - $9,890,861

5 Beds
5.5 Baths
11,999 Sq Ft
$713/Sq Ft Est. Value

Last Sold February 26, 2021

Last sale price $9,000,000 $750 Per Sq Ft

Est. 5% decrease in value since last sale

Current estimated payment $54,022/month

90 Days on Market

Highlights

  • White Water Ocean Views
  • Detached Guest House
  • 24-Hour Security
  • Malibu Elementary School Rated A
  • Wine Cellar
  • Home Theater

About This Home

As of February 2021

Perhaps the best white water and coastline ocean view estate in all of Malibu Park. Nearly 12,000 SF on 3.48 acres, Contemporary design and jaw-dropping vistas highlight this property, featured in countless major motion picture and television shows including; The Assassination of Gianni Versace, Blow, Like Mike and Ray Donovan. Panoramic Whitewater ocean views exhibit what Malibu has to offer, overlooking world famous Zuma Beach, extenuated by 20-foot tall ceiling to floor glass windows that showcase some of the most incredible sunset views seen in California. Walk out the 200+ guest party room to a private 70-foot long pool and spa add to this atmosphere while hearing the waves crash upon the Zuma Beach sand. This estate also boasts a 2,000 SF 2 bed, 2 bath guest house for family and extended stay company. This estate is truly one-of-a-kind in it's stature, size, and "wow factor" while its privacy and ocean views and location are unparalleled, surrounded by multiple $10m+ estates.

Last Agent to Sell the Property

Ryan Jancula

Compass License #01904981 Listed on: 09/03/2020

Compass

Co-Listed By

Amy Alcini

Compass License #01265709

Last Buyer's Agent

Santiago Arana

License #01492489

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1993

Lot Details

  • 3.48 Acre Lot
  • Property is zoned LCA101

Property Views

  • White Water Ocean
  • Mountain

Home Design

  • Contemporary Architecture
  • Composition Roof

Interior Spaces

  • 11,999 Sq Ft Home
  • 2-Story Property
  • Elevator
  • Built-In Features
  • Bar
  • Wine Cellar
  • Dining Room with Fireplace
  • Breakfast Room
  • Home Theater
  • Home Office
  • Bonus Room
  • Home Gym

Kitchen

  • Oven or Range
  • Microwave
  • Freezer
  • Dishwasher
  • Trash Compactor
  • Disposal
  • Fireplace in Kitchen

Flooring

  • Carpet
  • Stone

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Fireplace in Primary Bedroom

Laundry

  • Laundry Room
  • Dryer
  • Washer

Parking

  • Attached Garage
  • Carport

Pool

  • In Ground Pool
  • In Ground Spa

Outdoor Features

  • Open Patio
  • Outdoor Grill

Additional Homes

  • Detached Guest House

Utilities

  • Central Heating and Cooling System
  • Septic Tank
  • Phone System
  • Cable TV Available

Community Details

  • No Home Owners Association
  • 24-Hour Security

Listing and Financial Details

  • Assessor Parcel Number 4469-003-024

Home Details

Home Type

Single Family

Year Built

Built in 1993

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Style: Contemporary
  • Street Number Display: Yes
  • Living Area: 11999
  • Lot Acreage: 3.4810
  • Stories: 2
  • Year Built: 1993
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Fireplace Rooms: Dining, Kitchen, Master Bedroom
  • Flooring: Carpet, Stone
  • Bedrooms: 5
  • Full Bathroom: 5
  • Half Bathroom: 1
  • Common Walls: Detached/No Common Walls
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 0
  • Laundry: Inside
  • Maids Room: 1
  • Total Bathrooms: 6.00
  • Equipment: Barbeque, Built-Ins, Cable, Dishwasher, Dryer, Elevator, Freezer, Garbage Disposal, Hood Fan, Microwave, Phone System, Range/Oven, Refrigerator, Trash Compactor, Washer
  • Price Per S Q F T: 916.41

Exterior Features

  • Other Structures: GuestHouse
  • Tennis Court: Room For
  • Tennis Court Y/N: No
  • Guest House: Detached
  • Pool Description: In Ground, Private
  • Pool: Yes
  • Roof: Composition
  • Spa: In Ground, Private
  • Spa Yn: Yes
  • View: Mountains, Ocean, White Water
  • View: Yes

Garage/Parking

  • Parking Garage: Attached, Carport, Garage

Utilities

  • Cooling: Central
  • Heating: Central
  • Security: 24 Hour
  • Sewer: Septic Tank

Condo/Co-op/Association

  • HOA: No

Lot Info

  • Assessor Parcel Number: 4469-003-024
  • Lot Size Area: 151617

Multi Family

  • Number Of Units: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 4, 2016
Sold by
Waters Susan L
Bought by
Waters Susan and The Susan Waters Trust
Current Estimated Value
$8,552,954

Purchase Details

Closed on
Apr 4, 2013
Sold by
Cariker James O
Bought by
Waters Susan L and Cariker James O

Purchase Details

Closed on
Jan 3, 2011
Sold by
Cariker James O
Bought by
Cariker James O

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,500,000
Interest Rate
4.62%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 2, 2005
Sold by
Cariker James O
Bought by
Cariker James O and The James O Cariker Living Trust

Purchase Details

Closed on
Jun 24, 2003
Sold by
Cariker James O
Bought by
Cariker James O

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,600,000
Interest Rate
4.25%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 18, 2000
Sold by
Cariker James O
Bought by
Cariker James O and The James O Cariker Living Trust

Purchase Details

Closed on
Sep 23, 1994
Sold by
Abrar Rahmatollah
Bought by
Cariker James O
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
Waters Susan -- None Available
Waters Susan L -- Chicago Title Subdivision
Cariker James O -- Chicago Title
Cariker James O -- Chicago Title
Cariker James O -- --
Cariker James O -- Ticor Title Company
Cariker James O -- --
Cariker James O -- --
Cariker James O -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Cariker James O $2,500,000
Closed Cariker James O $1,600,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/26/2021 02/26/21 Sold $9,000,000 -18.2% $750 / Sq Ft
12/02/2020 12/02/20 Pending -- -- --
09/03/2020 09/03/20 For Sale $10,996,000 -- $916 / 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 $111,576 $9,741,886 $6,033,691 $3,708,195
2024 $111,576 $9,550,870 $5,915,384 $3,635,486
2023 $109,556 $9,363,599 $5,799,397 $3,564,202
2022 $108,275 $9,180,000 $5,685,684 $3,494,316
2021 $29,036 $2,333,507 $441,041 $1,892,466
2020 $28,871 $2,309,581 $436,519 $1,873,062
2019 $28,478 $2,264,296 $427,960 $1,836,336
2018 $26,362 $2,219,899 $419,569 $1,800,330
2016 $25,323 $2,133,700 $403,278 $1,730,422
2015 $24,988 $2,101,651 $397,221 $1,704,430
2014 $24,677 $2,060,483 $389,440 $1,671,043
Source: Public Records

Agents Affiliated with this Home

  • Ryan Jancula

    Seller's Agent in 2021

    Ryan Jancula

    Compass

    (310) 740-9719

    117 Total Sales

    Ryan Jancula
    Section Image

  • A

    Seller Co-Listing Agent in 2021

    Amy Alcini

    Compass

    Section Image

  • S

    Buyer's Agent in 2021

    Santiago Arana

See All Agents

Map

Source: The MLS

MLS Number: 20-628046

The MLS

APN: 4469-003-024

California Los Angeles County Malibu 90265

5941 Philip Ave, Malibu, CA

Not Listed for Sale

Detached

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