$4,750,000

415 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 with a gated estate & the utmost privacy of exquisitely landscaped gardens overlooking unobstructed views of the Boney Ridge, Sandstone 3,111 peak, Hidden valley & the Topatopa span across five mountain ridges. This resplendent property perched on Approx. 11 acres of land outfitted with front portico entry leads into the great room grand foyer w/soaring 24 ceilings,7400 sq. ft. open floor plan, interiors with custom designer touches throughout, formal living room, hearth & French doors opening to nature overlooks the Malibu mountains, huge gourmet kitchen, expansive master suite and so much more. This residential income opportunity features a NNN lease with monthly income of $20,000 Cap Rate of 5.05%. The tenant is an established Drug & Alcohol Rehab &Treatment Center 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 can be purchased individually or a portfolio sale, 265 Westlake Blvd (next door MLS#SR20199855) listed at $2,700,000 NOI: $180,000 Cap Rate of 6.66%. A new lease contract will be arranged before close of escrow.

Details

MLS#SR20198018
Listing TypeFor Sale
StyleHouse
Sub-TypeResale
StatusActive
Year2001
Days On Site152

Features

SQ Feet6,734
Garage3
PoolYes
Story(s)2
Acreage10.97
Water FrontNo
Property ViewYes
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Area Information
StateCA
CountyLos Angeles
CityMalibu
Zip Code90265
AreaC33 - Malibu
Listing VS Median (in 90265)
Price:
$4,750,000
low | high
Med:
$100,000
100% of Average
SqFt:
6,734
low | high
Med:
5,366
70.31482031482% of Average
$ / SqFt:
$705
low | high
Med:
$19
100% of Average
On Site:
152
low | high
Med:
106
100% of Average
Sourced by Back At You
Listing Updated: March 7, 2021 11:22:38 PM PST
Kevin Tehrani LogoMLS Number: SR20198018
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.