Ocean View, Panoramic, Water View.
First time on the market in over 30 years! Rare opportunity to purchase the prime 50+/- foot Malibu Road, oceanfront 4-unit apartment building, on a sandy beach! Unit configuration is as follows: Two units are oceanfront with 2 bedrooms and 1.5 bathrooms each; and two units are 1 bedroom, 1 bathroom each above the 4-car garage with fantastic ocean views. Owner says current income is $17,000 per month/gross. Three out of the four units are on month to month rentals. This is an ideal owner/user situation with possibility to turn the beachfront units into an amazing owners residence and still have two income producing units, guest suites, or home offices. Or, many of these Malibu Road properties in the recent past have been transformed into phenomenal single family residence.
To be sold as-is; drive by only, interior inspections upon accepted offer.
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