Rare, 4 unit income property on the sand, with 100 ft. of beach frontage, oriented south to enjoy both sunrises & sunsets.

Each unit has 1 bed/1 bath, with addresses 20306, 20308, 20310 and 20312 P.C.H.

Use as income property or convert to Single Family home.

Rents are $2,500 per month each, generating $10K per month; 3 are long term tenants on month to month leases.

4th tenant's 1 year lease is up in Sept. '10 and then on a mo. to mo. lease.

Rents have not been raised recently.

No rent control in Malibu.

Uncovered parking for 8 cars in front. Huge deck, fresh paint.

This property has another unique feature with a grandfathered seawall and sand patio area, providing a dry beach area year round

A ton of redevelopment potential here.