Rare Multi-Unit Properties On Malibu Beach For Sale

by ritasimpson on September 15, 2013

in Carbon Beach, How's The Market, Malibu Road

They are almost  never to be found, when buyers come searching for a multi-unit property on the beach in Malibu for sale. That is because people who have them, don’t give them up easily.

The other thing to know is that you don’t buy these for the cap rates. Income  from the rentable units is good, but it’s mostly to satisfy an owner who wants to live at the beach, but does not want to dish out the $8 or $10 million that it might take just to satisfy the need. Having some income producing element on the property to defray the cost is makes it easier and  makes it  a very  sought after commodity.

Miraculously, this week we have 2 such properties come on the market: One on Carbon Beach in Malibu the other on Malibu Road. Both are close in price, around $8 million and both offer beautiful  3 bedroom owner units plus 2 and 3 rental units, some producing an annual income  more than sufficient to cover the taxes, maintenance and… on the properties.

The Carbon property is 5 units, 50′ of beach frontage:

the Malibu Road property offer two adorable units in the back with their own decks and the beachside “cabana deck”

We're sorry, but we couldn't find MLS # 13704045 in our database. This property may be a new listing or possibly taken off the market. Please check back again.

We're sorry, but we couldn't find MLS # 13701477 in our database. This property may be a new listing or possibly taken off the market. Please check back again.

 

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