Property Details.

Price $3,999,000

Year Built 1967

# of Units 4

Price P/ Unit $999,750

Sq. ft. 15,683 SF

Price p/ Sq. ft. $4,858

Current Cap Rate 3.31%

Proforma Cap Rate 5.39%

Lot Size 12,288 SF

Zoning LAR3

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18103 Coastline Drive
Malibu, CA 90265

About the Property

18103 Coastline Drive, a well-maintained four-unit multifamily property overlooking the Pacific Ocean in the legendary coastal community of Malibu. Located around the corner from The Getty Villa and one mile north of Sunset Boulevard, residents are in close proximity to the Pacific Palisades and Santa Monica. The 4,858 SF two-story building sits on a 12,288 SF lot, and is comprised of (4) bright and spacious two-bedroom and two bath units featuring stunning panoramic ocean views from every nearly every room (except back bedroom). Each unit comes equipped with a washer and dryer. Additionally, the subject property includes 6 side-by-side garage parking spots. This beachside property offers a significant value-add opportunity to potential investors, as current rents are approximately 43% below market value for nicely remodeled units in the area.

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