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    415 Westlake Boulevard

    Malibu, CA 90265
    • $4,750,000
    • STATUS: Active
    • ON SITE: 204 days
    • ID#: SR20198018
    UPDATED: 50 min ago
    $4,750,000
    • 0
      BEDS
    • 10.97
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 6,734
      SQFT
    • $705
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    2001
    County:
    Area:

    School Ratings & Info

    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.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-05-13T16:38:05.463. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Team Tami | Palm Realty Boutique. Licensed in the State of California, USA.
    www.playavistaliving.com/homes/111175332
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    415 Westlake Boulevard Malibu, CA 90265

    • Price: $4,750,000
    • Status: Active
    • Updated: 50 min ago
    • ID#: SR20198018
    0
    Beds
    0
    Baths
    0
    ½ Baths
    10.97
    Acres
    6,734
    SQFT
    $705
    $/SQFT
    2001
    Built
    Neighborhood:
    C33 - Malibu
    County:
    Los Angeles
    Area:
    C33 - Malibu
    Property 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.
    Exterior Features

    Architectural Style French Construction Materials ConcreteStuccoWood Siding Exterior Features Awning(S)BarbecueRain Gutters Fencing Wrought Iron Foundation Details Slab Lot Features Back YardFront YardIrregular LotLawnLandscapedYard Number Of Separate Electric Meters 1 Other Structures Sauna Private Parking Features ConcreteDoor-MultiDrivewayGarageGarage Door OpenerGuestOversizedRv Access/ParkingSide By Side Parking Total 3 Pool Features FilteredGuniteHeatedIn GroundPrivateSolar Heat Pool Private YN Yes Property Attached YN No Road Frontage Type City Street Roof ConcreteTile Spa Features HeatedIn GroundPrivateSolar Heat Spa YN Yes View HillsMountain(S)PanoramicPoolRocksTrees/Woods View YN Yes

    Interior Features

    Appliances Built-In RangeDouble OvenDishwasherExhaust FanFreezerDisposalMicrowavePropane OvenPropane RangePropane Water HeaterRefrigeratorRange HoodWater HeaterWarming Drawer Common Walls No Common Walls Cooling Central Air Cooling YN Yes Door Features Double Door EntryFrench Doors Fireplace Features Living RoomMaster BedroomMulti-Sided Fireplace YN Yes Flooring CarpetStoneTileWood Heating CentralForced AirPropane Heating YN Yes Interior Features Built-In FeaturesBalconyCeiling Fan(S)Crown MoldingCathedral Ceiling(S)Central VacuumCoffered Ceiling(S)Granite CountersHigh CeilingsOpen FloorplanPantryPhone SystemRecessed LightingStorageSunken Living RoomTwo Story CeilingsWired For SoundEntrance FoyerJack And Jill BathMain Level MasterMultiple Master Suites Window Features Bay Window(S)Custom Covering(S)DrapesFrench/MullionedSkylight(S)

    Property Features

    Additional Parcels YN No Association Fee 0 Association YN No Cap Rate 5.05 Common Interest None Community Features Mountainous Electric 220 Volts in GarageStandard Electric Expense 0 Fuel Expense 0 Garage YN Yes Gross Income 240000 Gross Scheduled Income 240000 Insurance Expense 0 Land Lease YN No Laundry Features InsideLaundry RoomPropane Dryer Hookup Levels Two Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash To New LoanSubmit Net Operating Income 240000 New Construction YN No New Taxes Expense 0 Number Of Separate Gas Meters 0 Number Of Separate Water Meters 1 Operating Expense 0 Other Equipment Satellite Dish Possession Close Of Escrow Property Sub Type Single Family Residence Rent Control YN No Security Features Security SystemClosed Circuit Camera(S)Carbon Monoxide Detector(S)Security GateSmoke Detector(S) Senior Community YN No Sewer Septic Tank Special Listing Conditions Standard Tenant Pays All UtilitiesCable TvElectricityInsuranceJanitorial ServiceOtherTaxesTrash CollectionTelephoneWater Trash Expense 0 Utilities Cable ConnectedElectricity ConnectedPropanePhone ConnectedUnderground UtilitiesWater Connected Water Sewer Expense 0 Water Source PublicWell Zoning Lca11*

    Listing provided courtesy of Kevin Tehrani of American Dream Realty Group


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-05-13T16:38:05.463. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Team Tami | Palm Realty Boutique. Licensed in the State of California, USA.
     
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