22467 Pacific Coast HwyMalibu, CA 90265
- Office properties
- 1,206 SF
Property Details for 22467 Pacific Coast Hwy
- Year built
- 1947
- Construction
- WOOD
- Lot size
- 0.59 AC
- Property size (Sq ft)
- 1,206 SF
- Zone code
- LCCH*
- Property type
- Office properties
- Property subtype
- Office buildings
- APN
- 4452-023-010
- APU
- 4452023010
Description
This exceptional Malibu retail property at 22467 Pacific Coast Highway presents a rare investment opportunity. Situated on a substantial 25,821 square foot lot, this 1,206 square foot building boasts 100% occupancy and is currently configured with exposed ceilings, three offices, a kitchen, two bathrooms, a conference room, open areas, and a sauna. Built in 1947, the property is zoned CV1 (Commercial Visitor Serving 1) and features a rare and irreplaceable existing pole sign. This is the first time on the market since 2006, and only the second time in approximately 150 years, making it a truly unique offering. The property offers significant potential for redevelopment, with previously approved plans for an additional approximately 12,650 square feet of ocean view retail/office space. A hillside rear lot provides further development possibilities. An approved and soon-to-be-installed On-site Wastewater Treatment System (OWTS) offers cost savings of approximately $175,000 for the new buyer, conforming to Malibu Municipal code. This is an ideal owner-user opportunity, or a prime investment for those seeking a rare and irreplaceable piece of Malibu's iconic coastline. The asking price is $4,550,000. APN: 4452-023-010.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $355,418
- 6.5%
- $328,078
- 7%
- $304,644
-
Comparable approach
- Method
- Valuation
- Relative Method
- $229,152
- Geo Method
- $229,333
-
Alternative Use
- Use
- Valuation
- Residential
- $406,817
- Hospitality
- $372,642
- Educational
- $310,034
- Medical
- $320,696
- Retail
- $482,275
Location Insight
- City
- Malibu
- County
- Los Angeles
- State
- California
- Latitude
- 34.0402
- Longitude
- -118.665
- CBSA code
- 31080
- CBSA name
- LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
- How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
- Please email our support team at [email protected] and they will add the team member.
- How do I access a private listing?
- Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
- How can I contact the broker?
- We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
- How do I unsubscribe from emails?
- At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].