22467 Pacific Coast Hwy, Malibu, CA 90265
22467 Pacific Coast Hwy, Malibu, CA 90265
22467 Pacific Coast Hwy, Malibu, CA 90265
27
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$5,750,000
Est. payment /mo
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2 Beds
2 Baths
1,206 SqFt
Active

22467 Pacific Coast Hwy Malibu, CA 90265

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Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 1,206 sqft

Price per Sqft $4,767

MLS Listing ID 26707707

Bedrooms 2

Year Built 1947

Lot Size 0.593 Acres

Acres 0.593

Property Sub-Type Multi-Family

Property Description

One of the few commercially zoned properties along Carbon Beach, offering a compelling combination of immediate income and redevelopment potential. Set on approximately 0.59 acres along Pacific Coast Highway, the property features a fully remodeled ~1,206 sq ft retail/office building with a strong existing lease, providing steady cash flow while a future development project is pursued. Zoned CV-1, a rare commercial designation in Malibu, the property allows for a range of uses, with prior approved plans establishing a clear framework for expansion. The existing structure blends functionality with a classic Malibu bungalow aesthetic, complete with two enclosed offices, open work areas, a kitchenette, two bathrooms (one with a shower), private outdoor patio spaces, additional rear storage, and ample on-site parking. Positioned for visibility, the property benefits from a grandfathered 20+ foot lighted pylon sign - an increasingly scarce feature that cannot be replicated - which also provides additional month-to-month income. A further benefit is that the property underwent an update last year to the latest on-site wastewater treatment system, with ample capacity for a future building, saving the new owners a time-consuming and expensive step. The expansive rear portion of the lot offers meaningful potential for future development, with ocean views from the upper portion of the site. Prior approved plans envisioned an additional ~2,650 sq ft ocean-view office building with approximately 15 parking spaces, allowing flexibility for an owner-user, investor, or developer to expand or reimagine the property. Located directly across from Carbon Beach and moments from Nobu, Soho House, Malibu Beach Inn, and the Malibu Pier, the property sits within a high-traffic, high-income corridor where new commercial development is extremely limited. Having changed ownership only twice over the past 50 years, opportunities like this are few and far between.

Location

State CA

County Los Angeles

Area Malibu

Zoning LCCH*

Rooms

Other Rooms None

Interior

Heating Central

Cooling Air Conditioning

Equipment Refrigerator, Dishwasher

Exterior

Parking Features Uncovered, Parking for Guests - Onsite

Garage Spaces 15.0

Building

Story 1

Level or Stories One

Others

Special Listing Condition Standard


TheMLS (CLAW)
Listed by Compass

NEARBY SCHOOL & BUSINESS

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Todd Kingsley

Todd Kingsley

Agent | License ID: 02118744

+1(310) 710-8633

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22467 Pacific Coast Hwy