Multifamily

$2,700,000

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265 Westlake Boulevard
Malibu, CA 90265

  • – beds
  • – baths
  • – sqft
  • ~4 acre lot
  • 2002 build
  • on site

This is A Once-in-a-Lifetime Investment Opportunity to acquire a single tenant 100% absolute triple net leased property in Malibu, one of the most significant & prestigious residential compounds in the United States. This exceptional and unique gated home with complete privacy and explosive unobstructed panoramic mountain views with Approx. 4 acres of land has endless possibilities with extra room to add a detached garage, a huge guest house, pool & spa, tennis court, basketball /sports court, playground and much more. Interior features bright and open floor plan, 5,066 sq. ft.,5 bedrooms,4 baths, constructed in 2002 with sensational high quality finishes throughout, spectacular resort-style outdoor sitting area with magnificent mountain views and so much more. This residential income opportunity features a NNN lease with monthly income of $14,000 Cap Rate of 6.22% and currently is in the fourth year of a ten-year lease term with five-year option. The tenant is an established Drug & Alcohol Rehab & Treatment Center which is holding a sub cense Abuse Drug & Alcohol license & certification approved by state of California and Federally holding JCAHO, Joint Commission on Accreditation of Healthcare Organizations. This property may be purchased individually or a portfolio sale,415 Westlake Blvd (next door MLS# SR20198018) listed at $4,750,000 NOI: $252,000 Cap Rate: 5.30%. A new lease contract can also be arranged upon close of escrow.

CRMLS_CA logo Listing courtesy of CRMLS_CA / Kevin Tehrani / American Dream Realty Group

Last checked: Checking… • Last updated Jan 3, 2021 • Source: CRMLS_CA

MLS# SR20199855 —

This property is listed in more than one place. See it here.

Amenities & Taxes

The Building

Year Built:
2002
Year Built Source:
Assessor
New Construction:
No
Construction Materials:
Concrete, Drywall Walls, Stucco
Architectural Style:
Traditional
Roof:
Tile
Exterior Features:
Rain Gutters
Foundation:
Slab
Accessibility Features:
Parking
Common Walls:
No Common Walls
Building Area Total:
5066.00
Building Area Units:
Square Feet
Number Of Buildings:
1
Total Number Of Units:
1
Stories Total:
2
Number Of Separate Water Meters:
1
Number Of Separate Electric Meters:
1

Interior

Features:
Balcony, Ceiling Fan(s), Granite Counters, Recessed Lighting, Storage
Levels:
Two
Window Features:
Blinds, Drapes
Flooring:
Laminate, Tile, Wood
Room Type:
Entry, Family Room, Foyer, Kitchen, Laundry, Living Room, Separate Family Room, Walk-In Closet
Fireplace:
Yes
Fireplace:
Propane
Laundry:
Individual Room, Inside, Propane Dryer Hookup, Washer Hookup
Laundry:
1

Location

Directions:
PCH to Kanan to W on Mulholland Hwy. to N on Westlake Blvd to property. Or 101 Fwy to S on Westlake Blvd to property on right.
Latitude:
34.10693400
Longitude:
-118.85855100

The Property

Sub Type:
Single Family Residence
Zoning:
LCA11*
Lot Features:
Irregular Lot
Lot Size Area:
165605.0000
Lot Size Acres:
3.8018
Lot Size Square Feet:
165605.00
View:
1
View:
Canyon, Hills, Mountain(s), Panoramic, Rocks, Trees/Woods
Fencing:
Chain Link, Privacy, Vinyl, Wood, Wrought Iron
Lot Size Source:
Assessor
Fence:
Yes
Security Features:
Automatic Gate, Carbon Monoxide Detector(s), Security System, Smoke Detector(s)
Road Frontage:
City Street
Other Structures:
Storage
Additional Parcels:
No
Land Lease:
No

Listing Agent

Contact info:

Taxes

Tax Census Tract:
8003.26
Tax Tract:
31084
Tax Lot:
1

The Listing

Virtual Tour
Virtual Tour URL Branded:
https://video214.com/play/xoiJJ9SjGlRRkHYPGm1Y3A/s/dark
Special Listing Conditions:
Standard
Virtual Tour URL Unbranded2:
http://malibuhillsrehab.com
Parcel Number:
4472031014

Heating & Cooling

Heating:
1
Heating:
Central, Propane
Cooling:
Yes
Cooling:
Central Air, Electric

Utilities

Utilities:
Cable Connected, Electricity Connected, Phone Connected, Propane, Water Connected
Sewer:
Conventional Septic
Electric:
220 Volts, Standard
Water Source:
Public

Appliances

Appliances:
Dishwasher, Freezer, Disposal, Microwave, Propane Oven, Propane Range, Propane Water Heater, Refrigerator
Included:
Yes

The Community

Senior Community:
No
Features:
Mountainous
Pool:
None
Private Pool:
No
Association:
No
Spa Features:
None
Assessments:
None

Parking

Parking:
Yes
Parking:
Driveway, Concrete
Parking Spaces:
10.00
Uncovered Spaces:
10.00

Schools

Rating Details
7

Juan Cabrillo Elementary School

  • Public
  • K-5
  • 5.9 mi
9

Malibu High School

  • Public
  • 6-12
  • 6.0 mi
N/A

Malibu Middle School

  • Public
  • K-K
  • 6.0 mi

GreatSchools scores are based on a scale from 1 to 10, where 10 is above average.

The school service areas are not definitive and should only be used as guidance. GreatSchools Ratings provided by www.greatschools.org

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Sale history

Date Event Source Price % Change
12/14/20
Sold Subject To Contingencies CRMLS_CA $2,700,000
10/20/20
Listed / Active CRMLS_CA $2,700,000
12/27/04
Sold DAMLS

Finding records…

No additional history available

If new records are added for this property, we’ll share them here.

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265 Westlake Boulevard
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This multifamily located in CA 90265 is currently for sale for $2,700,000. 265 Westlake Boulevard is a – square foot multifamily with – beds and – baths that has been on Estately for 93 days. This multifamily is in the attendance area of Juan Cabrillo Elementary School, Malibu High School, and Malibu Middle School.

CRMLS_CA logo Listing Courtesy of: CRMLS_CA and American Dream Realty Group. Based on information from California Regional Multiple Listing Service, Inc. as of 22:56 on Jan 20.

This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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