Rare 4 Unit Income Property on the Sand, with 100 Ft. of Beach Frontage, Oriented South to Enjoy Both Sunrises and Sunsets


20308 Pacific Coast Highway
Malibu

$2,600,000

 

  • 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.

 

 

Lee LaPlante
Estates Director
Coldwell Banker
23676 Malibu Road
Malibu, CA 90265


Direct: (310) 317-8370

llaplante@coldwellbanker.com
www.leelaplante.com

www.twitter.com/leelaplante