REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your advisor will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 5,750,000
Est. payment | /mo
2 Beds
2 Baths
1,206 SqFt
$ 5,750,000
Est. payment | /mo
2 Beds
2 Baths
1,206 SqFt
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 1,206 sqft
Price per Sqft $4,767
MLS Listing ID 26707707
Bedrooms 2
HOA Y/N No
Year Built 1947
Lot Size 0.593 Acres
Property Description
One of the few commercially zoned properties along Carbon Beach, offering a compelling combination of immediate income and redevelopment potential. Set on approximately 0.59 acres along Pacific Coast Highway, the property features a fully remodeled ~1,206 sq ft retail/office building with a strong existing lease, providing steady cash flow while a future development project is pursued. Zoned CV-1, a rare commercial designation in Malibu, the property allows for a range of uses, with prior approved plans establishing a clear framework for expansion. The existing structure blends functionality with a classic Malibu bungalow aesthetic, complete with two enclosed offices, open work areas, a kitchenette, two bathrooms (one with a shower), private outdoor patio spaces, additional rear storage, and ample on-site parking. Positioned for visibility, the property benefits from a grandfathered 20+ foot lighted pylon sign - an increasingly scarce feature that cannot be replicated - which also provides additional month-to-month income. A further benefit is that the property underwent an update last year to the latest on-site wastewater treatment system, with ample capacity for a future building, saving the new owners a time-consuming and expensive step. The expansive rear portion of the lot offers meaningful potential for future development, with ocean views from the upper portion of the site. Prior approved plans envisioned an additional ~2,650 sq ft ocean-view office building with approximately 15 parking spaces, allowing flexibility for an owner-user, investor, or developer to expand or reimagine the property. Located directly across from Carbon Beach and moments from Nobu, Soho House, Malibu Beach Inn, and the Malibu Pier, the property sits within a high-traffic, high-income corridor where new commercial development is extremely limited. Having changed ownership only twice over the past 50 years, opportunities like this are few and far between.
Location
State CA
County Los Angeles
Area C33 - Malibu
Zoning LCCH*
Interior
Heating Central
Fireplace No
Appliance Dishwasher, Refrigerator
Exterior
Parking Features Guest, Uncovered
Total Parking Spaces 15
Building
Story 1
Entry Level One
Level or Stories One
New Construction No
Others
Senior Community No
Tax ID 4452023010
Special Listing Condition Standard
Listed by Russell Grether Compass #01836632
Nearby Locations
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "