Multifamily

20062 Pacific Coast Hwy

20062 Pacific Coast Hwy, Malibu, CA 90265

Listing Price: $3,850,000

Cap Rate
3.23%
Number of Units
3
Occupancy
100.0%
Price/Unit
$1,283,333
Price/Gross SF
$2,131.78
Gross SF
1,806

Investment Overview

Marcus and Millichap, as the exclusive listing agent is pleased to present the opportunity to acquire 20062 Pacific Coast Highway, a 3-unit multifamily investment opportunity located in the world-renowned beach city of Malibu, Ca. The property features 1,806 square feet of gross rentable area, situated on a 2,048-square foot lot. The 3-unit building is composed of two one-bedroom/one-bathroom units and one one-bedroom/one-bathroom unit with a loft. The building has well-maintained with amazing upgrades and offers private patios to all three units with stunning panoramic views of the Pacific Ocean. The property is situated in one of the most desirable location in Southern California, Malibu. 20062 Pacific Coast Highway is located on Big Rock Beach in Malibu and offers private and public walkways to the beach. Also, the property is in close proximity to some of Malibu’s finest dining such as Nobu Malibu, Mastro’s Ocean Club, Moonshadows, Malibu Farm Restaurant and many more. Due to the property’s premier location, 20062 Pacific Coast Highway offers a unique opportunity to any investor looking to acquire a well-maintained asset in one of the most desirable locations in Southern California. *Important Note: City permits indicate two legal units. However, the city of Mailbu is aware of the conversion. Further investigation by the buyer is advised.

Investment Highlights

  • Amazing Owner-User Opportunity!
  • Irreplaceable Location with Stunning Panoramic Views of the Pacific Ocean!
  • Three Units Composed of all One-Bedroom/One-Bathroom Units!
  • Two out of Three Units Have Been Fully Renovated!
  • Each Unit Offers a Private Balcony/Patio with Breath Taking Views of the Pacific Ocean.
  • Important Note: City Permits Indicate Two Legal Units However, the City of Malibu is Aware of the Conversion. Further Investigation by the Buyer is Advised.

Exclusively Listed By

  • Tony Azzi

    Executive Managing Director Investments

    (310) 909-5454

    Email Tony

    License(s): CA: 00910513, CA: 01325569

    West Los Angeles

Listing Price: $3,850,000

Cap Rate
3.23%
Number of Units
3
Occupancy
100.0%
Price/Unit
$1,283,333
Price/Gross SF
$2,131.78
Gross SF
1,806

Investment Highlights

  • Amazing Owner-User Opportunity!
  • Irreplaceable Location with Stunning Panoramic Views of the Pacific Ocean!
  • Three Units Composed of all One-Bedroom/One-Bathroom Units!
  • Two out of Three Units Have Been Fully Renovated!
  • Each Unit Offers a Private Balcony/Patio with Breath Taking Views of the Pacific Ocean.
  • Important Note: City Permits Indicate Two Legal Units However, the City of Malibu is Aware of the Conversion. Further Investigation by the Buyer is Advised.

Investment Overview

Marcus and Millichap, as the exclusive listing agent is pleased to present the opportunity to acquire 20062 Pacific Coast Highway, a 3-unit multifamily investment opportunity located in the world-renowned beach city of Malibu, Ca. The property features 1,806 square feet of gross rentable area, situated on a 2,048-square foot lot. The 3-unit building is composed of two one-bedroom/one-bathroom units and one one-bedroom/one-bathroom unit with a loft. The building has well-maintained with amazing upgrades and offers private patios to all three units with stunning panoramic views of the Pacific Ocean. The property is situated in one of the most desirable location in Southern California, Malibu. 20062 Pacific Coast Highway is located on Big Rock Beach in Malibu and offers private and public walkways to the beach. Also, the property is in close proximity to some of Malibu’s finest dining such as Nobu Malibu, Mastro’s Ocean Club, Moonshadows, Malibu Farm Restaurant and many more. Due to the property’s premier location, 20062 Pacific Coast Highway offers a unique opportunity to any investor looking to acquire a well-maintained asset in one of the most desirable locations in Southern California. *Important Note: City permits indicate two legal units. However, the city of Mailbu is aware of the conversion. Further investigation by the buyer is advised.

Exclusively Listed By

  • Tony Azzi

    Executive Managing Director Investments

    (310) 909-5454

    Email Tony

    License(s): CA: 00910513, CA: 01325569

    West Los Angeles

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