28517 Pacific Coast Highway

Malibu, CA 90265

$15,000,000
Price
264,245 / 6.07
Lot Size / Acres

Description

This exceedingly rare opportunity is the only available property zoned for multi-family use in all of Malibu. Comprised of 2 parcels totaling 6+ acres, these flat lots are perfectly situated with tranquil ocean views on the landside of Paradise Cove and adjacent to the luxury condos at The Pointe. The large parcel is nearly 5.2 acres, and the second parcel is approximately 0.8 acres with a burnout homesite from a former ~3,004 sq. ft. residence and guest house. Per the City of Malibu's Local Coastal...This exceedingly rare opportunity is the only available property zoned for multi-family use in all of Malibu. Comprised of 2 parcels totaling 6+ acres, these flat lots are perfectly situated with tranquil ocean views on the landside of Paradise Cove and adjacent to the luxury condos at The Pointe. The large parcel is nearly 5.2 acres, and the second parcel is approximately 0.8 acres with a burnout homesite from a former ~3,004 sq. ft. residence and guest house. Per the City of Malibu's Local Coastal Program, both properties are zoned for multi-family residential allowing for 6 units per acre. Both sites are a moment's drive from the shops and restaurants at Point Dume Village and Trancas Country Market, as well as sandy beaches, highly rated schools, parks, and trails. A development opportunity of this magnitude, location, and land use designation is likely the last of its kind on the Malibu coastline. Includes APN's 4467-013-022 & -023

Listing Agents

  1. Tony Mark

    Tony Mark

    Listing Agent

    Compass

    DRE #01205648

    tonymark@compass.com

    P: 310.457.6275

  2. Russell Grether

    Russell Grether

    Alternative Listing Agent

    Compass

    DRE #01836632

    russell@compass.com

    P: 310.994.4247

Property Details for 28517 Pacific Coast Highway

Zoning
LCRP
Parcel Number
4467013023
Area
Malibu (C33)
Lot Size Area
264245
Source Lot Size Area
Other
Assessor Parcel Number
4467-013-023
Directions
PCH to property address.

Location

Listing Courtesy of Compass, Tony Mark, DRE #01205648; Compass, Russell Grether, DRE #01836632
Add your commute
LISTING UPDATED: 01/23/2024 12:32 PM

Property Details for 28517 Pacific Coast Highway

StatusActive
MLS #23-265981
Days on Market342
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeLand
MLS TypeLand Lot
Year Built-
Lot Size6.07 AC
CountyLos Angeles County

Location

Listing Courtesy of Compass, Tony Mark, DRE #01205648; Compass, Russell Grether, DRE #01836632
Add your commute

Virtual Tour

Building Information for 28517 Pacific Coast Highway

Lot Size6.07 AC

Payment Calculator

$82,113 per month

30 year fixed, 7.25% Interest

Principal and Interest

$81,861

Property Taxes

$252

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 28517 Pacific Coast Highway

Community / Development
Community / Development
  • Senior Community: No
Structure Info
Structure Info
  • View: Yes
  • View Description: Ocean, Mountains
  • View: Ocean, Mountain(s)
Contract Info
Contract Info
  • Disclosures: As Is
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Land / Lot Info
Land / Lot Info
  • Special Zoning: Coastal Commission
  • Lot Acreage: 6.0662
  • Lot Size Square Feet: 264245
  • Telephone: 1.0
  • Cable: 1.0
Parking Details
Parking Details
  • Total Parking: 0
Exterior Features
Exterior Features
  • New Construction: No
Lease Terms
Lease Terms
  • Entry Date: 05-11-2023

Property History for 28517 Pacific Coast Highway

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 28517 Pacific Coast Highway

Taxable ValueLand$28,165Additions$109Total$28,274
Tax Record2023$3,029 ($252 / month)
Home Facts
Beds3Total Finished SqFt3,004 SqFtAbove Grade Finished SqFt3,004 SqFtLot Size38,120 SqFtStyleSingle Family ResidenceYear Built1958ZoningLCRPCountyLOS ANGELESAPN4467-013-023

Schools near 28517 Pacific Coast Highway

This home is within Santa Monica-Malibu Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 12
Public - K to 5
Public - K to 8
Rating
School
Distance
Malibu Elementary
PublicK to 5

Malibu High School
Public6 to 12

Juan Cabrillo Elementary School
PublicK to 5

Santa Monica Alternative (K-8) School
PublicK to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

28517 Pacific Coast Highway is a 6.07 ac of land for sale in Malibu, CA 90265. This property was listed for sale on May 11, 2023 by Compass, it's currently listed at $15,000,000. This listing's school district is Santa Monica-Malibu Unified School District. Nearby schools include Malibu Elementary, Malibu High School and Juan Cabrillo Elementary School. 28517 Pacific Coast Highway is a 0-bed, 0-bath, 6.07 ac of land on a 264,245 sq. ft. / 6.07 acres lot.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Compass, Tony Mark, DRE #01205648; Compass, Russell Grether, DRE #01836632

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.