Description

Amazing beachfront income property in a stellar Malibu location offering a projected 3.35% CAP RATE. This classic beach property is a legal duplex and offers highly desired amenities such as spacious decks with ocean views, floor-to-ceiling windows, two 1-car garages with storage space for bikes/beach gear, and private direct access to the beach. The two units are being used as a 2 bedroom and 1 bath, lower, and a 3 bedroom and 1 bath, upper, with both units showcasing hard surface flooring, in-unit washer/dryers, and a mix of modern and character features which highlight the beach vibe and accentuate the ocean views. It is a perfect income-generating property for an investment, or live in one and rent the second unit to supplement your income. The main 3+1 unit can be delivered vacant. Short-term rental is permitted by the City of Malibu. Buyers to due their own do diligence to their satisfaction. Wonderful Malibu Beach location steps to the sand and is centrally located between Big Rock and Las Flores Beaches close to Malibu Pier and Malibu Lagoon State Beach. Pepperdine University and Santa Monica are a quick jaunt away and minutes to dining and entertainment.