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265 Westlake Boulevard, Malibu, CA 90265
5
beds
4
baths
5066
ft2
· 165605
ft2 lot
$2,700,000
$533 / ft2
Listing provided courtesy of Kevin Tehrani, American Dream Realty Group.
Source CRMLS.
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. This exceptional and unique gated home with complete privacy and explosive unobstructed panoramic mountain views with Approx. 4 acres of land has endless possibilities with extra room to add a detached garage, a huge guest house, pool & spa, tennis court, basketball /sports court, playground and much more. Interior features bright and open floor plan, 5,066 sq. ft., 5 bedrooms, 4 baths, constructed in 2002 with sensational high quality finishes throughout, spectacular resort-style outdoor sitting area with magnificent mountain views and so much more. This residential income opportunity features a NNN lease with monthly income of $15,000 Cap Rate of 6.66%. The tenant is an established Drug & Alcohol Rehab & Treatment Center which is 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 may be purchased individually or a portfolio sale, 415 Westlake Blvd (next door MLS#SR20198018) listed at $4,750,000 NOI: $240,000 Cap Rate of 5.05%. A new lease contract will be arranged before close of escrow!
HOA
$0/month
On market
7 months
Year built
2002
Property type
Home
Parking
10
MLS
SR20199855
Price / Sq.Ft.
$533 / ft2
Status
Active
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Property Details
Interior Features & Layout
Appliances
•   
Laundry Details: Individual Room, Inside, Propane Dryer Hookup, Washer Hookup
•   
Appliances: Dishwasher, Freezer, Disposal, Microwave, Propane Oven, Propane Range, Propane Water Heater, Refrigerator
•   
Has Appliances
•   
Security Features: Automatic Gate, Carbon Monoxide Detector(s), Security System, Smoke Detector(s)
•   
Laundry: 1
Interior Features
•   
Electric Details: 220 Volts, Standard
•   
Interior Features: Balcony, Ceiling Fan(s), Granite Counters, Recessed Lighting, Storage
•   
Window Features: Blinds, Drapes
Rooms Info
•   
Average3 Bed Area Units: Square Feet
•   
Average Studio Area Units: Square Feet
•   
Average2 Bed Area Units: Square Feet
•   
Average1 Bed Area Units: Square Feet
•   
Room Information: Entry, Family Room, Foyer, Kitchen, Laundry, Living Room, Separate Family Room, Walk-In Closet
Fireplace Info
•   
Has Fireplaces
•   
Fireplace Details: Propane
Heating & Cooling
•   
Has Heating
•   
Heating Details: Central, Propane
•   
Cooling Details: Central Air, Electric
Flooring
•   
Flooring: Laminate, Tile, Wood
Interior Size
•   
Building Area Total: 5066.00
Property, Lot, Community & Exterior Features
Parking Info
•   
Parking Available: 1
•   
Parking Features: Driveway, Concrete
•   
Garage Spaces: 0.00
•   
Uncovered Spaces: 10.00
Community Info
•   
Road Frontage Type: City Street
•   
Number Of Buildings: 1
•   
Total Units: 1
Property Features
•   
View: Canyon, Hills, Mountain(s), Panoramic, Rocks, Trees/Woods
•   
Fencing: Chain Link, Privacy, Vinyl, Wood, Wrought Iron
•   
Accessibility: Parking
•   
Common Walls: No Common Walls
•   
Exterior Features: Rain Gutters
Building Info
•   
Building Area Units: Square Feet
•   
Zoning: LCA11*
•   
Roof: Tile
•   
Foundation Details: Slab
•   
Stories Total: 2
•   
Num Stories: Two
•   
Year Built Source: Assessor
•   
Construction Materials: Concrete, Drywall Walls, Stucco
Lot Info
•   
Lot Features: Irregular Lot
•   
Lot Size Source: Assessor
•   
Elevation Units: Feet
•   
Lot Size Acres: 3.8018
•   
Lot Size Area: 165605.0000
•   
Lot Size Units: Square Feet
Property Type
•   
Architectural Style: Traditional
Utilities & Other Information
Utilities
•   
Number Of Separate Electric Meters: 1
•   
Utilities: Cable Connected, Electricity Connected, Phone Connected, Propane, Water Connected
•   
Number Of Separate Water Meters: 1
Water & Sewer Info
•   
Water Source: Public
•   
Sewer: Conventional Septic
Listing Details, Costs & Financing Information
Financial Info
•   
Water Sewer Expense: 0.00
•   
Cap Rate: 6.66
•   
Fuel Expense: 0.00
•   
Trash Expense: 0.00
•   
New Taxes Expense: 0.00
•   
Insurance Expense: 0.00
•   
Total Expenses: 0.00
•   
Gross Scheduled Income: 180000.00
•   
Operating Expense: 0.00
Tax/Assessment Info
•   
Gross Income: 180000.00
•   
Tax Year: 2020
•   
Taxes: 24733.0
Lease Info
•   
Net Operating Income: 180000.00
Listing Info
•   
Status: Active
Other
•   
Electric Expense: 0.00
Multi Unit Information
Unit 1 Information
•   
Unit 1 Bedrooms: 5
•   
Unit 1 Total Units: 1
•   
Unit 1 Furnished Units: Furnished
•   
Unit 1 Garage Spaces: 0.00
•   
Unit 1 Bathrooms: 4
•   
Unit 1 Actual Rent: 15000.00
•   
Unit 1 Total Rent: 15000.00
Multi Unit Information
•   
# Of Units: 1
•   
Number Of Units Leased: 1
School Neighborhood & Directions
Location
•   
Community Features: Mountainous
School Info
•   
Directions: PCH to Kanan to W on Mulholland Hwy. to N on Westlake Blvd to property. Or 101 Fwy to S on Westlake Blvd to property on right.
Virtual Tour Link
Virtual Tour
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Virtual Tour Url Branded
Other
Calculation
•   
Dom: 195
•   
Cdom: 195
The information contained in this listing has not been verified by Flyhomes and should be verified by the buyer.

Data last updated: May 18, 2021 9:44am
Neighborhood snapshot
148
Properties for sale
52
Median days on market
$1169.93
Median sold price/sqft
95.63%
Sold/List %
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Property History
02/10/2021
02/10/2021
CRMLS #SR20200567
active
CRMLS #SR20200567
$2,700,000
10/20/2020
10/20/2020
CRMLS #SR20199855
active
CRMLS #SR20199855
$2,700,000
+92.86%
12/29/2004
12/29/2004
Public Record
sold
Public Record
$1,400,000
+636.84%
02/19/1999
02/19/1999
Public Record
sold
Public Record
$190,000
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