$2,700,000

265 Westlake Boulevard

Malibu CA, 90265

Description

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. This exceptional and unique gated home with complete privacy and explosive unobstructed panoramic mountain views with Approx. 4 acres of land has endless possibilities with extra room to add a detached garage, a huge guest house, pool & spa, tennis court, basketball /sports court, playground and much more. Interior features bright and open floor plan, 5,066 sq. ft.,5 bedrooms,4 baths, constructed in 2002 with sensational high quality finishes throughout, spectacular resort-style outdoor sitting area with magnificent mountain views and so much more. This residential income opportunity features a NNN lease with monthly income of $15,000 Cap Rate of 6.66%. The tenant is an established Drug & Alcohol Rehab & Treatment Center which is 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, 415 Westlake Blvd (next door MLS#SR20200563) listed at $4,750,000 NOI: $240,000 Cap Rate of 5.05%. A new lease contract will be arranged before close of escrow.

Details

MLS#SR20200567
Listing TypeFor Sale
StyleHouse
Sub-TypeResale
StatusActive
Year2002
Days On Site143

Features

Bed(s)5
Bath(s) 4 Total
SQ Feet5,066
Story(s)2
Acreage3.80
Water FrontNo
Property ViewYes
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Area Information
StateCA
CountyLos Angeles
CityMalibu
Zip Code90265
AreaC33 - Malibu
School DistrictSanta Monica-Malibu Unified
Listing VS Median (in 90265)
Price:
$2,700,000
low | high
Med:
$80,000
100% of Average
SqFt:
5,066
low | high
Med:
4,604
59.119621002764% of Average
$ / SqFt:
$533
low | high
Med:
$17
100% of Average
On Site:
143
low | high
Med:
172
83.139534883721% of Average
Listing Updated: February 10, 2021 10:04:47 AM PST
Kevin Tehrani LogoMLS Number: SR20200567
Listing Provided By:
Kevin Tehrani  of  American Dream Realty Group
MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the California Regional MLS.