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    265 Westlake Boulevard

    Malibu, CA 90265
    • $2,700,000
    • STATUS: Active
    • ON SITE: 37 days
    • ID#: SR20199855
    $2,700,000
    • 0
      BEDS
    • 3.8
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 5,066
      SQFT
    • $533
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    2002
    County:
    Area:

    School Ratings & Info

    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 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# SR20198018) 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 2020-11-26T23:56:05.25. 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 2020-11-26T23:56:05.25. 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.trulinerealty.com/homes/111175626
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    265 Westlake Boulevard Malibu, CA 90265

    • Price: $2,700,000
    • Status: Active
    • ID#: SR20199855
    0
    Beds
    0
    Baths
    0
    ½ Baths
    3.8
    Acres
    5,066
    SQFT
    $533
    $/SQFT
    2002
    Built
    Neighborhood:
    C33 - Malibu
    County:
    Los Angeles
    Area:
    C33 - Malibu
    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 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# SR20198018) 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 LinkPrivacyVinylWoodWrought Iron Foundation Details Slab Levels Two Lot Features Irregular Lot Lot Size Area 165605.0000 Other Structures Storage Parking Features DrivewayConcrete Parking Total 10.00 Parking YN Yes Road Frontage Type City Street Roof Tile Uncovered Spaces 10.00 View CanyonHillsMountain(S)PanoramicRocksTrees/Woods View YN Yes

    Interior Features

    Appliances DishwasherFreezerDisposalMicrowavePropane OvenPropane RangePropane Water HeaterRefrigerator Appliances YN Yes Common Walls No Common Walls Cooling Central AirElectric Cooling YN Yes Fireplace Features Propane Fireplace YN Yes Flooring LaminateTileWood Heating CentralPropane Heating YN Yes Interior Features BalconyCeiling Fan(S)Granite CountersRecessed LightingStorage Laundry Features Individual RoomInsidePropane Dryer HookupWasher Hookup Laundry YN Yes Room Type EntryFamily RoomFoyerKitchenLaundryLiving RoomSeparate Family RoomWalk-In Closet Window Features BlindsDrapes

    Property Features

    Accessibility Features Parking Additional Parcels YN No Association Fee 0.00 Association YN No Community Features Mountainous Electric 220 VoltsStandard Electric Expense 0.00 Fuel Expense 0.00 Gross Income 168000.00 Gross Scheduled Income 168000.00 Insurance Expense 0.00 Land Lease YN No Net Operating Income 168000.00 New Construction YN No New Taxes Expense 0.00 Number Of Separate Electric Meters 1 Number Of Separate Gas Meters 0 Number Of Separate Water Meters 1 Number Of Units Leased 1 Operating Expense 0.00 Pool Features None Pool Private YN No Property Attached YN No Property Sub Type Single Family Residence Rent Control YN No 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 Tenant Pays All UtilitiesCable TvElectricityInsuranceJanitorial ServiceOtherTaxesTelephoneTrash CollectionWater Total Expenses 0.00 Trash Expense 0.00 Utilities Cable ConnectedElectricity ConnectedPhone ConnectedPropaneWater Connected Water Sewer Expense 0.00 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 2020-11-26T23:56:05.25. 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 2020-11-26T23:56:05.25. 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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    TruLine Realty
    8644 Wilshire Blvd. Suite 204
    Beverly Hills CA, 90211