NOT LISTED FOR SALE

5954 Philip Ave Malibu, CA 90265

Estimated Value: $6,138,000 - $7,467,000

5 Beds
3.5 Baths
5,284 Sq Ft
$1,245/Sq Ft Est. Value

Highlights

  • White Water Ocean Views
  • Atrium Room
  • Spanish Architecture
  • Malibu Elementary School Rated A
  • Living Room with Fireplace
  • Home Office

About This Home

As of October 2024

HAVE YOU SEEN THE LUSH NEW GRASSY YARD AND LANDSCAPING? Discovering a single-level residence boasting enchanting ocean vistas is no easy feat. However, this newly constructed marvel, nestled on almost 2 acres atop a secluded knoll, surpasses expectations. Meticulously designed to seamlessly blend with its natural surroundings, this 5284-square-foot U-shaped abode promises panoramic views from every corner. Approach through your private gate and ascend the driveway to your personal haven. Step into the formal foyer, which gracefully spills into an open courtyard adorned with fruit trees and a picturesque Spanish tile fountain. The living room beckons with its breathtaking ocean panoramas, complemented by a cozy fireplace, while the expansive dining area sets the stage for memorable gatherings. The kitchen boasts an expansive wrap-around counter, ideal for hosting large soirees. And for moments of serenity, retreat to the courtyard off the kitchen, where mature trees and, on clear days, the Channel Islands, provide a tranquil backdrop. Stroll down the lengthy hallway, meandering through the expansive backyard courtyard adorned with a delightful fountain and flourishing fruit trees, and immerse yourself in the embrace of one of the five bedrooms. The ambiance of this residence is truly incomparable, radiating warmth, charm, and a storied history of love and hospitality, all against the backdrop of mesmerizing ocean vistas.

Last Agent to Rent the Property

Jill Reeder

Compass License #01368477 Listed on: 04/23/2024

Compass

Last Renter's Agent

Jill Reeder

Compass License #01368477 Listed on: 04/23/2024

Compass

Home Details

Home Type

  • Single Family

Year Built

  • Built in 2023

Lot Details

  • 1.96 Acre Lot
  • Lot Dimensions are 165x510
  • Property is zoned LCRA20000*

Parking

  • 15 Open Parking Spaces
  • 2 Car Garage
  • Driveway

Property Views

  • White Water Ocean
  • Coastline
  • Woods

Home Design

  • Spanish Architecture

Interior Spaces

  • 5,284 Sq Ft Home
  • 1-Story Property
  • Built-In Features
  • Living Room with Fireplace
  • Dining Room
  • Home Office
  • Atrium Room
  • Concrete Flooring

Kitchen

  • Breakfast Area or Nook
  • Breakfast Bar
  • Oven or Range
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Walk-In Closet

Laundry

  • Laundry Room
  • Dryer
  • Washer

Additional Features

  • Open Patio
  • Radiant Heating System

Listing and Financial Details

  • Security Deposit $40,000
  • Tenant pays for cable TV, electricity, gas, water, trash collection
  • 12 Month Lease Term
  • Assessor Parcel Number 4469-015-001

Home Details

Home Type

Single Family

Year Built

Built in 2023

Lot Details

0

Parking

2

Rental Info

  • Security Deposit: 40000
  • Tenant Pays: Cable TV, Electricity, Gas, Water, Trash Collection

Listing Details

  • Property Type: Residential Lease
  • Property Sub Type: Single Family Residence
  • Style: Spanish
  • Single Family Or Apt: Single Family
  • Levels: One
  • Street Number Display: Yes
  • Lease Terms: 1-Year
  • Living Area: 5284
  • Lot Acreage: 1.9615
  • Lot Dimensions: 165x510
  • Probate: No
  • Stories: 1
  • Year Built: 2023
  • State Abbrv: CA
  • Special Features: NewHome

Interior Features

  • Fireplace Rooms: Living Room
  • Flooring: Cement
  • Bedrooms: 5
  • Full Bathroom: 3
  • Half Bathroom: 1
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 0
  • Laundry: Inside
  • Total Bathrooms: 4.00
  • Equipment: Built-Ins, Dishwasher, Dryer, Garbage Disposal, Range/Oven, Refrigerator, Washer
  • Price Per S Q F T: 3.12

Exterior Features

  • Pool: No
  • View: Coastline, Ocean, White Water, Trees/Woods
  • View: Yes

Garage/Parking

  • Garage Spaces: 2
  • Other Spaces: 15
  • Covered Parking: 2
  • Parking Garage: Driveway, Driveway - Concrete, Garage - 2 Car
  • Total Parking: 20

Utilities

  • Heating: Radiant

Association/Amenities

  • Pet Rules: Yes

Lot Info

  • Assessor Parcel Number: 4469-015-001
  • Lot Size Area: 85441

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 22, 2023
Sold by
John K Wall Revocable Trust
Bought by
Wall Family Trust and Wall
Current Estimated Value
$6,581,018

Purchase Details

Closed on
Jun 20, 2019
Sold by
Wall John K
Bought by
Wall John K and John K Wall Revocable Trust
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
Wall Family Trust -- None Listed On Document
Wall John K -- None Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/28/2024 10/28/24 Rented $14,000 -15.2% --
10/15/2024 10/15/24 Under Contract -- -- --
09/09/2024 09/09/24 Price Changed $16,500 -17.5% $3 / Sq Ft
04/23/2024 04/23/24 For Rent $20,000 -- --
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 $66,696 $5,826,240 $4,161,600 $1,664,640
2024 $66,696 $5,712,000 $4,080,000 $1,632,000
2023 $4,414 $338,834 $141,355 $197,479
2022 $4,310 $138,691 $138,584 $107
2021 $2,050 $135,972 $135,867 $105
2020 $1,997 $134,578 $134,474 $104
2019 $2,234 $131,940 $131,838 $102
2018 $6,081 $497,694 $129,253 $368,441
2016 $5,814 $478,370 $124,235 $354,135
2015 $5,740 $471,185 $122,369 $348,816
2014 $5,708 $461,956 $119,972 $341,984
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 24-383511

The MLS

APN: 4469-015-001