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    265 Westlake Boulevard

    Malibu, CA 90265
    • $2,700,000
    • STATUS: Active
    • ON SITE: 36 days
    • ID#: SR20200567
    UPDATED: 46 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 CRISNet MLS as of 2020-11-26T09:56:16.747. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

    The information being provided by the CSMAR MLS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties the visitor may be interested in purchasing. The data contained herein is copyrighted by CSMAR or one of CSMAR's datashare partners, and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Any property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the CSMAR 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. 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.

    Based on information from the i-Tech MLS as of 2020-11-26T09:56:16.747. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
    www.corrieluxuryhomes.com/homes/111175601
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    265 Westlake Boulevard Malibu, CA 90265

    • Price: $2,700,000
    • Status: Active
    • Updated: 46 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 Levels Two Lot Features Irregular Lot Parking Features DrivewayConcrete Parking Total 0.00 Parking YN Yes Patio And Porch Features ConcreteDeckPatioPorchWood Patio YN Yes Roof Tile View CanyonHillsMountain(S)RocksTrees/Woods View YN Yes

    Interior Features

    Appliances DishwasherFreezerMicrowavePropane OvenPropane RangePropane Water HeaterRefrigeratorWater Heater Appliances YN Yes 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 Laundry YN Yes Main Level Bathrooms 2 Main Level Bedrooms 2 Rooms Family RoomFoyerKitchenLaundryLiving RoomWalk-In Closet Window Features BlindsDrapes

    Property Features

    Additional Parcels YN No Association Fee 0.00 Association YN No Community Features Mountainous Electric 220 VoltsStandard Land Lease YN No Lease Considered YN No Lot Size Area 165605.0000 Lot Size Source Assessor Lot Size Units Square Feet New Construction YN No Number Of Units Total 1 Pool Features None Pool Private YN No Property Attached YN No Property Sub Type Single Family Residence Road Frontage Type City Street Security Features Automatic GateCarbon Monoxide Detector(S)Security SystemSmoke Detector(S) Senior Community YN No Sewer Conventional Septic Spa Features None Spa YN No Special Listing Conditions Standard Structure Type House Utilities Cable ConnectedElectricity ConnectedPhone ConnectedPropaneWater Connected Water Source Public Zoning Lca11*

    Listing provided courtesy of Kevin Tehrani, CA DRE# , of American Dream Realty Group.


    Based on information from CRISNet MLS as of 2020-11-26T09:56:16.747. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

    The information being provided by the CSMAR MLS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties the visitor may be interested in purchasing. The data contained herein is copyrighted by CSMAR or one of CSMAR's datashare partners, and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Any property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the CSMAR 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. 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.

    Based on information from the i-Tech MLS as of 2020-11-26T09:56:16.747. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
     
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