Description

Updated 8/15/2025 Sale is subject to Bankruptcy Court approval and overbid; property to be sold "as-is". INTERESTED PARTIES CAN OVERBID IN BANKRUPTCY COURT VIA ZOOM AT 1:00P.M. ON 9/9/2025. NO LATER THAN COMMENCEMENT OF THE HEARING, YOU MUST DELIVER: 1.) WRITTEN OVERBID FOR NOT LESS THAN $7,350,000; 2.) CASHIER’S CHECK PAYABLE TO JEREMY W. FAITH, CHAPTER 7 TRUSTEE FOR $220,500; 3.) WRITTEN PROOF OF FINANCIAL ABILITY TO CLOSE THE SALE IN A FORM ACCEPTABLE TO TRUSTEE. ALL CONTINGENCIES MUST BE WAIVED. BUYER IS PURCHASING PROPERTIES ON SAME TERMS AND CONDITIONS AS SET FORTH IN CURRENT SALE AGREEMENT. CALL LISTING AGENT FOR COPIES OF 1.) TRUSTEE’S MOTION FOR ORDER AUTHORIZING SALE (CONSISTS OF 4 PDF FILES); 2.) DISCLOSURES; 3.) DOCUMENTS FROM BOTH HOA’S. Sale to include two parcels totaling 8.58 acres, transfer to be concurrent. Privately gated 8272 square foot villa with panoramic ocean views. Entertain with ease; Multiple living rooms, chef's kitchen, formal dining, media room/theater, gym, recording studio. Premium quality construction with the finest materials. Live like royalty in the metropolis that is this manse. The structure stood strong, and the natural landscape and wildlife in the area is mostly unscathed, despite the recent fire in the area. The property is within a small enclave of mansions behind private 24-hour manned guard gate. Membership to Lower Rambla Road Owners Association is required for access. $1000 transfer fee, $2200 annual dues. Additionally, membership is required to the Malibu La Costa Beach and Tennis Club - annual dues are $900. Due to the fire and the court's order to liquidate this asset, this is a rare opportunity to buy at price discounted from $30,000,000 (a prior list price). Information is not guaranteed - buyer to verify.