NOT LISTED FOR SALE

5958 Busch Dr Malibu, CA 90265

Estimated Value: $3,424,814 - $5,726,000

4 Beds
3.5 Baths
4,000 Sq Ft
$1,008/Sq Ft Est. Value

Highlights

  • Ocean View
  • Wine Cellar
  • Fireplace in Primary Bedroom
  • Malibu Elementary School Rated A
  • Cape Cod Architecture
  • Deck

About This Home

As of December 2023

Gorgeous four-bedroom Cape Cod-style property in Malibu Park positioned on beautiful, spacious grounds now available for a long-term lease. Updated kitchen including a Viking Stove, wine fridge, two pantries and center island. Sunlit breakfast area adjoins the family room with fireplace all leading out to the backyard with fire pit. Large formal dining and living area and generous first floor office with bookshelves. Take the circular staircase upstairs to the ocean view primary bedroom with fireplace and large outdoor balcony, three additional guest bedrooms complete the second floor. Three car garage with sauna. Zuma Beach, hiking, biking, equestrian activities are all right here for you to enjoy!

Last Agent to Rent the Property

Barry Kinyon

Compass License #01097786 Listed on: 09/28/2023

Compass

Co-Listed By

Tanya Stawski

Sotheby's International Realty License #01918308

Last Renter's Agent

Janice Leonard

Pinnacle Estate Properties License #01891497

Pinnacle Estate Properties

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1993 | Remodeled

Lot Details

  • 0.61 Acre Lot
  • Lot Dimensions are 105x252
  • South Facing Home
  • Partially Fenced Property
  • Sprinkler System
  • Property is zoned LCRA20000*

Parking

  • 3 Car Garage
  • Driveway
  • Guest Parking

Property Views

  • Ocean
  • Park or Greenbelt

Home Design

  • Cape Cod Architecture
  • Tile Roof
  • Concrete Roof
  • Wood Siding
  • Stone

Interior Spaces

  • 4,000 Sq Ft Home
  • 2-Story Property
  • Formal Entry
  • Wine Cellar
  • Family Room with Fireplace
  • 2 Fireplaces
  • Living Room
  • Dining Area
  • Home Office

Kitchen

  • Breakfast Area or Nook
  • Open to Family Room
  • Walk-In Pantry
  • Oven
  • Gas Cooktop
  • Dishwasher
  • Granite Countertops
  • Disposal

Flooring

  • Wood
  • Carpet
  • Stone
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Fireplace in Primary Bedroom

Laundry

  • Laundry Room
  • Dryer
  • Washer

Outdoor Features

  • Balcony
  • Deck
  • Stone Porch or Patio
  • Shed
  • Outdoor Grill

Utilities

  • Forced Air Heating and Cooling System
  • Property is located within a water district
  • Septic Tank
  • Cable TV Available

Listing and Financial Details

  • Security Deposit $28,000
  • Tenant pays for electricity, cable TV, gas, water, trash collection
  • Rent includes gardener
  • 12 Month Lease Term
  • Assessor Parcel Number 4467-028-034

Home Details

Home Type

Single Family

Year Built

Built in 1993 | Remodeled

Lot Details

0

Parking

3

Rental Info

  • Credit Report Paid By: Tenant
  • Credit Report Required: Yes
  • Rent Includes: Gardener
  • Security Deposit: 28000
  • Tenant Pays: Electricity, Cable TV, Gas, Water, Trash Collection

Listing Details

  • Property Type: Residential Lease
  • Style: Cape Cod
  • Single Family Or Apt: Single Family
  • Levels: Two
  • Street Number Display: Yes
  • Entry Location: Ground Level w/steps
  • Lease Terms: 1+Year
  • Living Area: 4000
  • Lot Acreage: 0.6076
  • Lot Dimensions: 105x252
  • Monthto Month: No
  • Property Condition: Updated/Remodeled
  • Stories: 2
  • Year Built: 1993
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Fireplace Rooms: Master Bedroom, Family Room
  • Flooring: Hardwood, Stone Tile, Tile, Carpet
  • Appliances: Cooktop - Gas, Oven, Gas
  • Bedrooms: 4
  • Fireplaces: 2
  • Full Bathroom: 3
  • Half Bathroom: 1
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 0
  • Eating Areas: Breakfast Area, Dining Area
  • Kitchen Features: Granite Counters, Open to Family Room
  • Laundry: Room
  • Total Bathrooms: 4.00
  • Equipment: Garbage Disposal, Dishwasher, Barbeque, Washer, Range/Oven, Refrigerator, Dryer
  • Fireplace: Yes
  • Price Per S Q F T: 2.88

Exterior Features

  • Direction Faces: South
  • Construction: Stone, Wood Siding
  • Other Features: Balcony
  • Other Structures: Shed(s)
  • Tennis Court Y/N: No
  • Fence: Partial
  • Patio: Deck(s), Rock/Stone, Balcony
  • Pool: No
  • Roof: Concrete, Tile
  • Spa Yn: No
  • View: Ocean, Green Belt
  • View: Yes

Garage/Parking

  • Garage Spaces: 3
  • Covered Parking: 3
  • Parking Garage: Driveway, Garage - 3 Car, Parking for Guests - Onsite, Driveway - Combination, Covered Parking
  • Total Parking: 3

Utilities

  • TV Svcs: Cable TV
  • Cooling: Air Conditioning, Central
  • Heating: Central, Forced Air
  • Sewer: Septic Tank
  • Water: District

Association/Amenities

  • Pet Rules: Yes

Lot Info

  • Sprinklers: Sprinkler System
  • Assessor Parcel Number: 4467-028-034
  • Lot Description: Yard
  • Lot Size Area: 26468

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 14, 2014
Sold by
Gupta Kavita
Bought by
Doverspike Lisa K
Current Estimated Value
$4,030,204

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$889,200
Outstanding Balance
$670,312
Interest Rate
4.12%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$3,359,892

Purchase Details

Closed on
Jun 3, 2008
Sold by
Trans America Property & Investments Inc
Bought by
Allen Michael A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$60,000
Interest Rate
3.36%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 3, 2003
Sold by
Allen Michael A
Bought by
Trans America Property & Investment Inc

Purchase Details

Closed on
Feb 5, 1996
Sold by
Allen Mary Beth
Bought by
Allen Michael A

Purchase Details

Closed on
Aug 16, 1993
Sold by
Allen Mary Beth
Bought by
Allen Mary Beth
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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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
Doverspike Lisa K $1,368,000 Stewart Title Of Ca Inc
Allen Michael A -- None Available
Trans America Property & Investment Inc -- First American Title Co
Allen Michael A -- --
Allen Mary Beth -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Doverspike Lisa K $889,200
Previous Owner Allen Michael A $60,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/22/2023 12/22/23 Rented $11,500 0.0% --
09/28/2023 09/28/23 For Rent $11,500 -11.5% --
06/21/2022 06/21/22 Rented $13,000 -7.1% --
05/17/2022 05/17/22 For Rent $14,000 -- --
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 $19,796 $1,676,972 $1,341,581 $335,391
2024 $19,796 $1,644,091 $1,315,276 $328,815
2023 $19,394 $1,611,855 $1,289,487 $322,368
2022 $19,110 $1,580,251 $1,264,203 $316,048
2021 $18,643 $1,549,266 $1,239,415 $309,851
2019 $18,274 $1,503,315 $1,202,654 $300,661
2018 $17,302 $1,473,839 $1,179,073 $294,766
2016 $16,651 $1,416,610 $1,133,289 $283,321
2015 $16,426 $1,395,332 $1,116,266 $279,066
2014 $8,582 $692,057 $221,964 $470,093
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 23-316479

The MLS

APN: 4467-028-034