18069-18079 Coastline Drive , Malibu, California 90265
(Sold At) $12,900,000Property Details
Beds
Baths
Garage
Lot Size0.44 acres
Year1967
Bldg Size20,516 sq. ft
Property Description
- Extremely rare opportunity to purchase legacy 16-unit apartment building (two side-by-side 8-unit apartment buildings) overlooking the Pacific Ocean in Malibu, California
- Buildings consist of all large two-bedroom/two-bathroom units, each with spectacular panoramic ocean views of the entire Santa Monica Bay from Palos Verdes to Point Dume
- Opportunity to improve rents by virtue of implementing renovation plan – only 2 of the 16 units have not been renovated
- Units feature open split-level floor plans with updated kitchens (select units)
- Property features a very quiet private street entrance with assigned private garages for each unit
- Approximately $1M in capital improvements to the property in the past decade including seismic retrofit, exterior repaint, water drainage, garage doors, roofs, patio/balcony fences & railings and unit renovations
- Located in a residential neighborhood and surrounded by primarily multi-million-dollar single family homes
Location
18069-18079 Coastline Drive , Malibu, California 90265
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