$739,000
SOLD OCT 3, 2023 RENTED JAN 20, 2025
2 Beds
2 Baths
1,056 Sq Ft
$700/mo HOA Fee

Recently Sold

$700 Per Sq Ft

1% Below List Price

6 Days on Market

Highlights

  • Heated In Ground Pool
  • View of Trees or Woods
  • Open Floorplan
  • Malibu Elementary School Rated A
  • 2.92 Acre Lot
  • Contemporary Architecture

About This Home

As of October 2023

Experience the finest Malibu living in this rarely available and beautifully upgraded upper-level entertainer's delight in one of the most sought-after neighborhoods. This gorgeous condo features an open concept living room with crown molding, recessed lighting and newer double paned doors and windows along with a gorgeous and modern fireplace for entertaining. The chef's kitchen with sealed concrete kitchen countertops, stainless-steel backsplash throughout and ample counterspace is enough to make the most discerning chefs jealous. Very spacious master bedroom with a large custom walk-in features a heavenly bathroom with dual vanity sinks and sealed concrete counter tops. The second bedroom soaks the natural light in and features a spacious closet with bathroom. Underground parking with 2 car tandem parking is includes. Only minutes away from Zuma Beach and shopping this gorgeous home shows stunning!

Last Agent to Sell the Property

Marcus Ipcizade

Coldwell Banker Realty License #01956386 Listed on: 08/25/2023

Coldwell Banker Realty

Last Buyer's Agent

Houman Jahangard

Royal Rep Realty, Inc. License #01451073

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $9,189

Year Built

  • Built in 1975

Lot Details

  • Two or More Common Walls
  • Density is up to 1 Unit/Acre

HOA Fees

  • $700 Monthly HOA Fees

Parking

  • 2 Car Garage
  • Parking Available

Property Views

  • Woods
  • Park or Greenbelt
  • Courtyard

Home Design

  • Contemporary Architecture
  • Entry on the 2nd floor
  • Turnkey
  • Slab Foundation

Interior Spaces

  • 1,056 Sq Ft Home
  • 2-Story Property
  • Open Floorplan
  • Ceiling Fan
  • Recessed Lighting
  • Fireplace With Gas Starter
  • Double Pane Windows
  • Family Room Off Kitchen
  • Living Room with Fireplace
  • Living Room Balcony
  • Wood Flooring

Kitchen

  • Open to Family Room
  • Gas Oven
  • Gas Range
  • Microwave
  • Ice Maker
  • Dishwasher
  • Stone Countertops

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • Primary Bedroom on Main
  • Upgraded Bathroom
  • 2 Full Bathrooms
  • Stone Bathroom Countertops
  • Dual Vanity Sinks in Primary Bathroom
  • Bathtub with Shower
  • Walk-in Shower
  • Linen Closet In Bathroom

Laundry

  • Laundry Room
  • Laundry in Kitchen

Pool

  • Heated In Ground Pool
  • Spa

Schools

  • Malibu Elementary And Middle School
  • Malibu High School

Utilities

  • Central Heating
  • Septic Type Unknown

Additional Features

  • No Interior Steps
  • Rain Gutters

Listing and Financial Details

  • Tax Lot 1
  • Tax Tract Number 32132
  • Assessor Parcel Number 4467035058

Community Details

Overview

  • 56 Units
  • Malibu Gardens Association, Phone Number (818) 225-9191
  • Ross Morgan And Company HOA

Recreation

  • Community Pool
  • Community Spa

Property Details

Home Type

Condominium

Est. Annual Taxes

$9,189

Year Built

Built in 1975

Lot Details

0

HOA Fees

$700 per month

Parking

2

Listing Details

  • Structure Type: Multi Family
  • Assessments: No
  • Property Attached: Yes
  • View: Yes
  • Zoning: LCR320UDP*
  • Architectural Style: Contemporary
  • Property Condition: Turnkey
  • Property Sub Type: Condominium
  • Property Type: Residential
  • Parcel Number: 4467035058
  • Year Built: 1975
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 1056.00 Square Feet
  • Interior Amenities: Ceiling Fan(s), Living Room Balcony, Open Floorplan, Recessed Lighting, Stone Counters
  • Stories: 2
  • Entry Location: Upper level
  • Common Walls: 2+ Common Walls
  • Flooring: Wood
  • Accessibility Features: No Interior Steps
  • Appliances: Yes
  • Full Bathrooms: 2
  • Full And Three Quarter Bathrooms: 2
  • Total Bedrooms: 2
  • Eating Area: Family Kitchen
  • Entry Level: 2
  • Fireplace Features: Living Room, Gas Starter
  • Levels: Two
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 2
  • Price Per Square Foot: 699.81
  • Room Type: All Bedrooms Down, Main Floor Bedroom, Main Floor Master Bedroom
  • Spa Features: Community
  • Window Features: Double Pane Windows
  • Bathroom Features: Shower, Shower In Tub, Double Sinks In Master Bath, Linen Closet/Storage, Stone Counters, Upgraded, Walk-In Shower
  • Room Kitchen Features: Kitchen Open To Family Room, Stone Counters

Exterior Features

  • Foundation: Slab
  • View: Courtyard, Park/Greenbelt, Trees/Woods
  • Pool Features: Community, Heated, In Ground
  • Pool Private: No
  • Spa: Yes

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Assigned, Subterranean
  • Total Parking Spaces: 2.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Gas Oven, Gas Range, Ice Maker, Microwave, Refrigerator
  • Heating Type: Central
  • Laundry Features: In Kitchen
  • Sewer: Septic Type Unknown
  • Water Source: Public

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Pool, Spa/Hot Tub
  • Association Fee: 700.00
  • Association Fee Frequency: Monthly
  • Association Name: Malibu Gardens
  • Phone: (818) 225-9191
  • Senior Community: No
  • Common Interest: Condominium
  • Community Features: Curbs, Gutters, Sidewalks
  • Association Management: Ross Morgan and Company

Schools

  • School District: Santa Monica-Malibu Unified
  • Elementary School: Malibu
  • Middle School: Malibu
  • High School: Malibu
  • Elementary School: Malibu
  • High School: Malibu
  • Middle Or Junior School: Malibu
  • Elementary School #2: MALIBU
  • High School2: MALIBU

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 127188.00
  • Lot Size Acres: 2.9198

Multi Family

  • Lease Considered: No
  • Lot Size Area: 127188.0000 Square Feet
  • Number Of Units In Community: 56
  • Number Of Units Total: 56

Tax Info

  • Tax Census Tract: 8004.11
  • Tax Lot: 1
  • Tax Tract Number: 32132

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 25, 2023
Closed on
Sep 20, 2023
Sold by
Bennu Gerede Azize
Bought by
Sabet Rassa Kalantari and Vandati Flora
Seller's Agent
Marcus Ipcizade
Coldwell Banker Realty
Buyer's Agent
Houman Jahangard
Royal Rep Realty, Inc.
List Price
$749,900
Sold Price
$739,000
Premium/Discount to List
-$10,900
-1.45%
Views
148
Current Estimated Value
$770,106

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$31,106
Avg. Annual Appreciation
1.66%
Original Mortgage
$591,000
Outstanding Balance
$579,854
Interest Rate
7.09%
Mortgage Type
New Conventional
Estimated Equity
$183,251

Purchase Details

Listed on
Jul 8, 2021
Closed on
Jul 20, 2021
Sold by
Castro Cristina Evelyn
Bought by
Gerede Azize Bennu
Seller's Agent
Mary Faherty
Beverly and Company, Inc.
Buyer's Agent
Melissa Misner
Pardee Properties
List Price
$675,000
Sold Price
$661,000
Premium/Discount to List
-$14,000
-2.07%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.33%

Purchase Details

Listed on
Mar 10, 2015
Closed on
Jun 3, 2015
Sold by
Shats Investment Llc
Bought by
Castro Cristina Evelyn
Seller's Agent
Alan Rosenberg
Keller Williams Realty Calabasas
Buyer's Agent
Alex Hamilton
RE/MAX One
List Price
$518,000
Sold Price
$514,000
Premium/Discount to List
-$4,000
-0.77%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.17%
Original Mortgage
$224,000
Interest Rate
3.77%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 16, 2014
Sold by
Farah Bonnie B
Bought by
Shats Investment Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$428,000
Interest Rate
4.23%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 9, 2007
Sold by
Fitzgerald Mike
Bought by
Farah Bonnie B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$417,000
Interest Rate
6.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 8, 2003
Sold by
Cantor Randy
Bought by
Fitzgerald Mike

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
5.29%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Dec 28, 1998
Sold by
Winnikoff Meryl Anne
Bought by
Winnikoff Marc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$156,750
Interest Rate
6.73%

Purchase Details

Closed on
Dec 3, 1998
Sold by
Winnikoff Marc
Bought by
Cantor Randy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$156,750
Interest Rate
6.73%
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 Type Sale Price Title Company
Grant Deed $739,000 Equity Title
Grant Deed $661,000 Chicago Title Company
Grant Deed $514,000 Equity Title
Trustee Deed $428,000 None Available
Grant Deed $583,000 Security Union Title Company
Interfamily Deed Transfer -- Security Union Title
Grant Deed $300,000 Investors Title Company
Interfamily Deed Transfer -- Chicago Title Co
Interfamily Deed Transfer -- Chicago Title Co
Grant Deed -- Chicago Title Co
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $591,000 New Conventional
Previous Owner $224,000 New Conventional
Previous Owner $428,000 Purchase Money Mortgage
Previous Owner $419,358 New Conventional
Previous Owner $417,000 Purchase Money Mortgage
Previous Owner $315,000 Fannie Mae Freddie Mac
Previous Owner $100,000 Credit Line Revolving
Previous Owner $60,000 Stand Alone Second
Previous Owner $240,000 Purchase Money Mortgage
Previous Owner $156,750 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/20/2025 01/20/25 Rented $5,250 0.0% --
08/06/2024 08/06/24 For Rent $5,250 0.0% --
10/03/2023 10/03/23 Sold $739,000 -1.5% $700 / Sq Ft
09/06/2023 09/06/23 For Sale $749,900 +1.5% $710 / Sq Ft
09/06/2023 09/06/23 Off Market $739,000 -- --
09/05/2023 09/05/23 Off Market $739,000 -- --
09/01/2023 09/01/23 Pending -- -- --
08/25/2023 08/25/23 For Sale $749,900 +13.4% $710 / Sq Ft
08/10/2021 08/10/21 Sold $661,000 -2.1% $626 / Sq Ft
07/16/2021 07/16/21 Pending -- -- --
07/08/2021 07/08/21 For Sale $675,000 +31.3% $639 / Sq Ft
06/16/2015 06/16/15 Sold $514,000 -0.8% $487 / Sq Ft
05/05/2015 05/05/15 Pending -- -- --
03/10/2015 03/10/15 For Sale $518,000 0.0% $491 / Sq Ft
11/14/2012 11/14/12 Rented $2,395 -4.2% --
11/14/2012 11/14/12 Under Contract -- -- --
09/17/2012 09/17/12 For Rent $2,500 -- --
Source: California Regional Multiple Listing Service (CRMLS)

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 $9,189 $753,780 $536,724 $217,056
2024 $9,189 $739,000 $526,200 $212,800
2023 $8,367 $674,220 $408,000 $266,220
2022 $8,254 $661,000 $400,000 $261,000
2021 $7,231 $570,700 $377,507 $193,193
2020 $7,187 $564,850 $373,637 $191,213
2019 $7,082 $553,775 $366,311 $187,464
2018 $6,731 $542,918 $359,129 $183,789
2016 $6,472 $521,838 $345,185 $176,653
2015 $5,806 $463,069 $358,012 $105,057
2014 $5,734 $454,000 $351,000 $103,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC23159302

California Regional Multiple Listing Service (CRMLS)

APN: 4467-035-058