Exceptional opportunity on 50+/- feet of sandy beachfront Malibu Road. This 4 unit apartment building is easily the best buy on the beach and priced for a quick sale. An application has been submitted and is currently under review to combine the 2 oceanfront units into 1 spacious beachfront owner's showplace, while retaining the 2 existing 1 bedroom apartments. Both with amazing ocean views over the 4 car garage each with their own private entrance. Perfect to use as rentals for additional income, guest quarters or home offices. 3 of the 4 units are on month-to-month leases and require 24 hours notice to show. 1 unit is being kept vacant for short notice showings. Prior to the planned vacancy, the combined monthly gross income was $17,000. Many of these rare properties have been transformed into phenomenal single family residences in the past years. Don't miss out on the potential this property has to offer!
Single-familyProperty Type
1958Year Built
8,021 sq ftLot Size
$2,207Est. Price/Sq.Ft.
4 garage spacesParking
Listed by Paul Woodman•DRE #01338766• Pinnacle Estate Properties
•310-924-1452 (agent)
•PaulWoodman711@Gmail.com (agent)
Bought with Christopher Cortazzo•DRE #01190363• Coldwell Banker Realty
Source:TheMLS #15-955381
Redfin Estimate
$9,951,216
$2.0M since sold in March 2021$166K since September
Recently sold homes
Estimate history
Homes for sale
This home's estimate is 217.1% higher than the average sale price ($3.14M) of 6 comparable homes.
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Zoning
MFBF
Multifamily Beach Front District
The MFBF district provides standards for development on beach front lots in the city and is intended to provide for a variety of residential opportunities ranging from single-family to multiple-family.
Permitted uses
Include but are not limited to:
Housing-Single unit
Housing-Senior
Housing-Mobile home park
Property details
Interior
Heating & Cooling
Air Conditioning Type: Refrigeration
Exterior
Property Information
Subdivision Name: 12939
Living Sq. Ft: 3,108
# of Units: 4
Legal Description: TRACT NO 12939 VAC ST ADJ ON N AND LOT 33
Lot Information
# of Buildings: 1
Land Sq. Ft: 8,024
Legal Lot Number: 33
Municipality Name: MALIBU TD #
Acres: 0.1842
Zoning Code: LCR3*
County Use Description: MULTI-FAMILY 4-UNIT
Financial
Assessor Information
Assessment Year: 2026
Public facts
Beds: 6
Baths: 6.5
Sq. Ft.: 4,508
Stories: —
Parking Spaces: 8
Basement: Yes
Accessible: No
Lot Size: 8,021 square feet
Style: Single Family Residential
Year Built: 1958
Year Renovated: 2026
County: Los Angeles County
APN: 4459016015
HOA Dues: —
Garage: Yes
Features: Views, Green, Waterfront
Home facts updated by owner on Sep 7, 2026
Around this home
Schools
Webster Elementary School
Public K-5 • Assigned • 1.7mi
10/10
Malibu Middle
Public 6-8 • Assigned • 5.8mi
7/10
Malibu High School
Public 9-12 • Assigned • 5.8mi
8/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
6/10 Fire Factor
10% chance of being in a wildfire in next 30 years
4/10 Heat Factor
7 days above 83° expected this year, 18 days in 30 years
1/10 Wind Factor
Minimal risk of severe winds over next 30 years
5/10 Air Factor
6 unhealthy days expected this year, 8 days in 30 years
Provided by First Street
Historical weather
Malibu, CA • 90265
Average low and high temperatures (°F)
65
53
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54
63
54
65
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67
57
72
61
75
62
73
63
70
58
65
54
64
52
Jan
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Mar
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May
Jun
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Sun exposure
In this area, properties receive around 9.6 hours in
June and 6.4 hours in December, placing it above the
U.S. average for solar exposure.
9.6 hrs
6.4 hrs
JuneDecember
Provided by Shadowmap
Estimated sale price
$9.45M – $11.44M
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