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    265 Westlake Boulevard

    Malibu, CA 90265
    • $2,700,000
    • STATUS: Active
    • ON SITE: 201 days
    • ID#: SR20199855
    UPDATED: 221 min ago
    $2,700,000
    • 0
      BEDS
    • 3.8
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 5,066
      SQFT
    • $533
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    2002
    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. 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.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-05-10T00:32:46.753. 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 The Alvarado Brothers | Ever Stewart Alvarado Broker. Licensed in the State of California, USA.
    www.thealvaradobrothers.com/homes/111175333
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    265 Westlake Boulevard Malibu, CA 90265

    • Price: $2,700,000
    • Status: Active
    • Updated: 221 min ago
    • ID#: SR20199855
    0
    Beds
    0
    Baths
    0
    ½ Baths
    3.8
    Acres
    5,066
    SQFT
    $533
    $/SQFT
    2002
    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. 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.
    Exterior Features

    Architectural Style Traditional Construction Materials DrywallConcreteStucco Exterior Features Rain Gutters Fencing Chain LinkPrivacyVinylWoodWrought Iron Foundation Details Slab Lot Features Irregular Lot Number Of Separate Electric Meters 1 Open Parking Spaces 10 Other Structures Storage Parking Features ConcreteDriveway Parking Total 10 Pool Features None Pool Private YN No Property Attached YN No Road Frontage Type City Street Roof Tile Spa Features None Spa YN No View CanyonHillsMountain(S)PanoramicRocksTrees/Woods View YN Yes

    Interior Features

    Accessibility Features Parking Appliances DishwasherFreezerDisposalMicrowavePropane OvenPropane RangePropane Water HeaterRefrigerator Common Walls No Common Walls Cooling Central AirElectric Cooling YN Yes Fireplace Features Propane Fireplace YN Yes Flooring LaminateTileWood Heating CentralPropane Heating YN Yes Interior Features BalconyCeiling Fan(S)Granite CountersRecessed LightingStorageEntrance FoyerWalk-In Closet(S) Window Features BlindsDrapes

    Property Features

    Additional Parcels YN No Association Fee 0 Association YN No Cap Rate 6.66 Common Interest None Community Features Mountainous Electric Standard220 Volts Electric Expense 0 Fuel Expense 0 Garage YN No Gross Income 180000 Gross Scheduled Income 180000 Insurance Expense 0 Land Lease YN No Laundry Features Washer HookupInsideLaundry RoomPropane Dryer Hookup Levels Two Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash To New LoanSubmit Net Operating Income 180000 New Construction YN No New Taxes Expense 0 Number Of Separate Gas Meters 0 Number Of Separate Water Meters 1 Number Of Units Leased 1 Operating Expense 0 Possession Close Of Escrow Property Sub Type Single Family Residence Rent Control YN No Security Features Security SystemCarbon 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 ConnectedWater Connected Water Sewer Expense 0 Water Source Public 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 2021-05-10T00:32:46.753. 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 The Alvarado Brothers | Ever Stewart Alvarado Broker. Licensed in the State of California, USA.
     
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