31454 Broad Beach RdMalibu, CA 90265

Property Details for 31454 Broad Beach Rd

Year built

1992

Property size (Sq ft)

8,795 SF

Property type

Office properties

Property subtype

Other office properties

Description

This exceptional Malibu office property, located at 31454 Broad Beach Rd, offers unparalleled ocean views and direct beach access. The 8,795 square foot building, constructed in 1992 and renovated in 2007, boasts three stories and sits on an 11,264 square foot lot (APN: 4470-017-062). The property features a private infinity-edge pool and spa, multiple spacious outdoor decks, a THX-certified theater room, and a 2,500-bottle world-class wine cellar with a separate tasting room. Additional amenities include a gym/recording studio. The expansive living room, dining area, and gourmet kitchen seamlessly flow onto a large deck with sliding glass doors that open to showcase breathtaking coastal views. A luxurious master suite includes a separate sitting area, fireplace, and a master bath with floor-to-ceiling marble and dual showers. Currently leased until December 31, 2027, this property provides substantial short-term income and qualifies for a 1031 exchange. Situated on the western end of Broad Beach, it benefits from minimal sand replenishment requirements and is connected to public sewer. The asking price is $19,750,000 ($2,245.59 per square foot). This is a rare opportunity to acquire a truly exceptional Malibu property. The modified gross lease structure means the tenant covers all maintenance expenses.

Location Insight

City

Malibu

County

Los Angeles

State

California

Latitude

34.0358

Longitude

-118.86

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