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18069-18079 Coastline Dr
Malibu, CA 90265
Malibu Coastline · Multifamily Property For Sale
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16 Units
Investment Highlights
- Extremely rare opportunity to purchase legacy 16-unit apartment building (two side-by-side 8-unit apartment buildings) overlooking the Pacific Ocean
- Opportunity to improve rents by virtue of implementing renovation plan - only 2 of the 16 units have not been renovated
- Property features a very quiet private street entrance with assigned private garages for each unit
- Buildings consist of all large two-bedroom/two-bathroom units, each with spectacular panoramic ocean views of the entire Santa Monica Bay
- Units feature open split-level floor plans with updated kitchens (select units)
- Approximately $1M in capital improvements to the property in the past decade including seismic retrofit, exterior repaint, water drainage, etc
Property Facts
| No. Units | 16 | Lot Size | 0.44 AC |
| Property Type | Multifamily | Building Size | 20,516 SF |
| Property Subtype | Apartment | Average Occupancy | 87% |
| Apartment Style | Low-Rise | No. Stories | 2 |
| Building Class | C | Year Built | 1967 |
| Zoning | R305, L.A. County | ||
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.44 AC |
| Building Size | 20,516 SF |
| Average Occupancy | 87% |
| No. Stories | 2 |
| Year Built | 1967 |
| Zoning | R305, L.A. County |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Cable Ready
- Dishwasher
- Washer/Dryer
- Heating
- Kitchen
- Granite Countertops
- High Speed Internet Access
- Refrigerator
- Oven
- Stainless Steel Appliances
- Tub/Shower
- Carpet
- Family Room
- Vinyl Flooring
- Window Coverings
Property Taxes
| Parcel Number | 4443-009-017 | Improvements Assessment | $1,642,200 |
| Land Assessment | $4,936,800 | Total Assessment | $6,579,000 |
Property Taxes
Parcel Number
4443-009-017
Land Assessment
$4,936,800
Improvements Assessment
$1,642,200
Total Assessment
$6,579,000
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