- 6 beds
- 7 baths
- 7,406 sqft
- ~11 acre lot
- $641 per sqft
- 2001 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 with a gated estate & the utmost privacy of exquisitely landscaped gardens overlooking unobstructed views of the Boney Ridge, Sandstone 3,111 peak, Hidden valley & the Topatopa span across five mountain ridges. This resplendent property perched on Approx. 11 acres of land outfitted with front portico entry leads into the great room grand foyer w/soaring 24’ ceilings,7400 sq. ft. open floor plan, interiors with custom designer touches throughout, formal living room, hearth & French doors opening to nature overlooks the Malibu mountains, huge gourmet kitchen, expansive master suite and so much more. This residential income opportunity features a NNN lease with monthly income of $21,000 Cap Rate of 5.30%, currently is in the fourth year of a ten-year lease term with a five-year option. The tenant is an established Drug & Alcohol Rehab & Treatment Center 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, 265 Westlake Blvd (next door MLS# SR20200567) listed at $2,700,000 NOI:$168,000 Cap Rate:6.22%. A new lease contract can also be arranged upon close of escrow.
Last checked: Checking… • Last updated Nov 23, 2020 • Source: CRMLS_CA
MLS# SR20200563 —
This home is listed in more than one place. See it here.
Amenities & Taxes
The Building
- Year Built:
- 2001
- Year Built Source:
- Assessor
- New Construction:
- No
- Construction Materials:
- Concrete, Stucco, Wood Siding
- Architectural Style:
- French
- Roof:
- Concrete, Tile
- Exterior Features:
- Awning(s), Barbecue Private, Rain Gutters, Satellite Dish
- Patio:
- 1
- Patio And Porch Features:
- Concrete, Covered, Deck, Lanai, Patio, Porch
- Foundation:
- Slab
- Common Walls:
- No Common Walls
- Total Number Of Units:
- 1
- Stories Total:
- 2
- Structure Type:
- House
Interior
- Features:
- Balcony, Built-in Features, Cathedral Ceiling(s), Ceiling Fan(s), Coffered Ceiling(s), Crown Molding, Furnished, Granite Counters, Open Floorplan, Pantry, Phone System, Recessed Lighting, Storage, Sunken Living Room, Two Story Ceilings, Vacuum Central, Wired for Sound
- Levels:
- Two
- Kitchen Features:
- Granite Counters, Kitchen Island, Kitchen Open to Family Room
- Eating Area:
- Dining Room, In Kitchen
- Door Features:
- Double Door Entry, French Doors
- Window Features:
- Bay Window(s), Custom Covering, Drapes, French/Mullioned, Skylight(s)
- Flooring:
- Carpet, Stone, Tile, Wood
- Room Type:
- Entry, Family Room, Formal Entry, Foyer, Great Room, Guest/Maid's Quarters, Living Room, Main Floor Master Bedroom, Office, Retreat, Sauna, Two Masters, Utility Room, Walk-In Closet, Walk-In Pantry
- Living Area Units:
- Square Feet
- Fireplace:
- Yes
- Fireplace:
- Living Room, Master Bedroom, Master Retreat, Two Way
- Laundry:
- Individual Room, Inside, Propane Dryer Hookup
- Laundry:
- 1
Room Dimensions
- Living Area:
- 7406.00
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:
- 34.10837300
- Longitude:
- -118.85749500
The Property
- Sub Type:
- Single Family Residence
- Zoning:
- LCA11*
- Lot Features:
- Back Yard, Front Yard, Lawn, Irregular Lot, Yard
- Lot Size Area:
- 477651.0000
- Lot Size Acres:
- 10.9654
- Lot Size Square Feet:
- 477651.00
- View:
- 1
- View:
- Hills, Mountain(s), Panoramic, Pool, Rocks, Trees/Woods
- Fencing:
- Wrought Iron
- Fence:
- Yes
- Road Surface Type:
- Paved
- Security Features:
- Carbon Monoxide Detector(s), Closed Circuit Camera(s), Fire and Smoke Detection System, Security System, Smoke Detector(s)
- Road Frontage:
- City Street
- Additional Parcels:
- No
Listing Agent
- Contact info:
- No listing contact info available
Taxes
- Tax Census Tract:
- 8003.26
- Tax Tract:
- PM6459
- Tax Lot:
- 1
Beds
- Total Bedrooms:
- 6
- Main Level Bedrooms:
- 1
Baths
- Bathrooms Total:
- 7
- Bathrooms,Full & 3/4:
- 7
- Main Level Bathrooms:
- 3
- Full Bathrooms:
- 7
The Listing
- Virtual Tour
- Virtual Tour URL Branded:
- https://video214.com/play/AIS2phLKZS5g1MNHsuLamg/s/dark
- Special Listing Conditions:
- Standard
- Virtual Tour URL Unbranded2:
- http://malibuhillsrehab.com
- Parcel Number:
- 4472002028
Heating & Cooling
- Heating:
- 1
- Heating:
- Central, Forced Air, Propane
- Cooling:
- Yes
- Cooling:
- Central Air, Electric
Utilities
- Utilities:
- Cable Connected, Electricity Connected, Phone Connected, Propane, Underground Utilities, Water Connected
- Sewer:
- Conventional Septic
- Electric:
- 220 Volts in Garage, Standard
- Water Source:
- Public, Well
Appliances
- Appliances:
- Built-In Range, Dishwasher, Double Oven, Freezer, Disposal, Microwave, Propane Oven, Propane Range, Propane Cooktop, Propane Water Heater, Range Hood, Recirculated Exhaust Fan, Refrigerator, Warming Drawer, Water Heater
- Included:
- Yes
Schools
- High School District:
- Santa Monica-Malibu Unified
The Community
- Senior Community:
- No
- Features:
- Mountainous
- Pool:
- Private, Filtered, Gunite, Heated, In Ground, Solar Heat
- Private Pool:
- Yes
- Spa:
- 1
- Association:
- No
- Spa Features:
- Private, Heated, In Ground, Solar Heated
- Assessments:
- No
- Assessments:
- None
Parking
- Parking:
- Yes
- Parking:
- Driveway, Concrete, Garage - Three Door, Garage Door Opener, Guest, Oversized, RV Access/Parking, Side by Side
- Parking Spaces:
- 3.00
- Attached Garage:
- Yes
- Garage Spaces
- 3.00
Schools
| Rating | Details | |
|---|---|---|
|
7
|
Juan Cabrillo Elementary School
|
|
|
9
|
Malibu High School
|
|
| N/A |
Malibu Middle School
|
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
Monthly cost estimate
Asking price
$4,750,000
|
Mortgage
Principal & interest
Assumes 20% down, 30 yr. fixed, good credit |
$16,205
|
| Taxes | N/A |
| Insurance | $1,306 |
| Utilities | $287 See report |
| Total | $17,798/mo.* |
| *This is an estimate |
Explore the Area
My Commute
WalkScore®
Provided by WalkScore® Inc.
Air Pollution Index
Provided by ClearlyEnergy
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
10/20/20
Oct 20, 2020
|
Listed / Active | CRMLS_CA | $4,750,000 | 83.0% (17.3% / YR) |
|
1/5/16
Jan 5, 2016
|
Sold | CRMLS_CA | $2,595,000 |