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    265 Westlake Boulevard

    Malibu, CA 90265
    • $2,700,000
    • STATUS: Active Under Contract
    • ON SITE: 95 days
    • ID#: SR20200567
    Under Contract
    UPDATED: 195 min ago
    $2,700,000
    • 5
      BEDS
    • 3.8
      ACRES
    • 4
      BATHS
    • 0
      1/2 BATHS
    • 5,066
      SQFT
    • $533
      $/SQFT
    Neighborhood:
    Type:
    Single-Family Home
    Built:
    2002
    County:
    Area:

    School Ratings & Info

    School District:

    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 $14,000 Cap Rate of 6.22% and currently is in the fourth year of a ten-year lease term with a five-year option. 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# SR20200563) listed at $4,750,000 NOI: $252,000 Cap Rate: 5.30%. A new lease contract can also be arranged upon close of escrow.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-01-24T00:25:52.227. 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 RE/MAX Masters. Licensed in the State of California, USA.

    www.bestlahomefinder.com/homes/111175335
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    265 Westlake Boulevard Malibu, CA 90265

    • Price: $2,700,000
    • Status: Active Under Contract
    • Updated: 195 min ago
    • ID#: SR20200567
    5
    Beds
    4
    Baths
    0
    ½ Baths
    3.8
    Acres
    5,066
    SQFT
    $533
    $/SQFT
    2002
    Built
    Neighborhood:
    C33 - Malibu
    County:
    Los Angeles
    Area:
    C33 - Malibu
    School District:
    Santa Monica-Malibu Unified
    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 $14,000 Cap Rate of 6.22% and currently is in the fourth year of a ten-year lease term with a five-year option. 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# SR20200563) listed at $4,750,000 NOI: $252,000 Cap Rate: 5.30%. A new lease contract can also be arranged upon close of escrow.
    Exterior Features

    Architectural Style Traditional Construction Materials ConcreteDrywall WallsStucco Exterior Features Rain Gutters Fence YN Yes Fencing Chain LinkWoodWrought Iron Foundation Details Slab Garage Spaces 0.00 Lot Features Irregular Lot Lot Size Source Assessor Lot Size Units Square Feet Parking Features DrivewayConcrete Parking Total 0.00 Parking YN Yes Patio And Porch Features ConcreteDeckPatioPorchWood Patio YN Yes Pool Features None Pool Private YN No Property Attached YN No Road Frontage Type City Street Roof Tile Spa Features None Spa YN No Structure Type House View CanyonHillsMountain(S)RocksTrees/Woods View YN Yes

    Interior Features

    Appliances DishwasherFreezerMicrowavePropane OvenPropane RangePropane Water HeaterRefrigeratorWater Heater Appliances YN Yes Bathrooms Full 4 Common Walls No Common Walls Cooling Central AirElectric Cooling YN Yes Eating Area Breakfast NookDining Room Fireplace Features Propane Fireplace YN Yes Flooring CarpetTileWood Heating CentralPropane Heating YN Yes Interior Features BalconyCeiling Fan(S)Granite CountersOpen FloorplanRecessed LightingStorage Kitchen Features Granite CountersKitchen Island Laundry Features Individual RoomInsidePropane Dryer HookupWasher Hookup Levels Two Main Level Bathrooms 2 Main Level Bedrooms 2 Room Type Family RoomFoyerKitchenLaundryLiving RoomWalk-In Closet Window Features BlindsDrapes

    Property Features

    Additional Parcels YN No Association Fee 0.00 Association YN No Community Features Mountainous Country Us Electric 220 VoltsStandard Elevation Units Feet Land Lease YN No Laundry YN Yes Lease Considered YN No Living Area Units Square Feet New Construction YN No Property Sub Type Single Family Residence Security Features Automatic GateCarbon Monoxide Detector(S)Security SystemSmoke Detector(S) Senior Community YN No Sewer Conventional Septic Special Listing Conditions Standard Utilities Cable ConnectedElectricity ConnectedPhone ConnectedPropaneWater Connected Water Source Public Year Built Source Assessor 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 2021-01-24T00:25:52.227. 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 RE/MAX Masters. Licensed in the State of California, USA.

     
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