Views - Master on Main
Address
415 Westlake Boulevard Malibu, CA
Price
$ 4,750,000
Property Attributes
- MLS#SR20198018
- TypeIncome
- CountyLOS ANGELES
- CityMalibu
- AreaMalibu
- Zip90265
- StyleFrench
- Price$ 4,750,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage7406
- Lot Size10.97 Acres
Listing Provided Courtesy Of:
Kevin Tehrani with American Dream Realty Group.
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 with a gated estate & the utmost privacy of exquisitely landscaped gardens overlooking unobstructed views of the Boney Ridge, Sandstone 3,111 peak, Hidden valley & the Topatopa span across five mountain ridges. This resplendent property perched on Approx. 11 acres of land outfitted with front portico entry leads into the great room grand foyer w/soaring 24’ ceilings,7400 sq. ft. open floor plan, interiors with custom designer touches throughout, formal living room, hearth & French doors opening to nature overlooks the Malibu mountains, huge gourmet kitchen, expansive master suite and so much more. This residential income opportunity features a NNN lease with monthly income of $20,000 Cap Rate of 5.05% 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 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. A new lease contract will be arranged upon close of escrow.
| Price History | |
|---|---|
| 10/20/2020 | Listed $4,750,000 |
General Features
| Appliances | Built-In Range, Dishwasher, Double Oven, Freezer, Disposal, Microwave, Propane Oven, Propane Range, Propane Water Heater, Range Hood, Recirculated Exhaust Fan, Refrigerator, Warming Drawer, Water Heater |
|---|---|
| Architectural Style | French |
| Assessments | None |
| Attached Structure | Detached |
| Community Features | Mountainous |
| Construction Materials | Concrete, Stucco, Wood Siding |
| Cooling | Central Air |
| Directions | PCH to Kanan to W on Mulholland Hwy. to N on Westlake Blvd to property. Or 101 Fwy to S on Westlake Blvd to property on right. |
| Exterior Features | Awning(s), Barbecue Private, Rain Gutters, Satellite Dish |
| Flooring | Carpet, Stone, Tile, Wood |
| Garage Spaces | 3.00 |
| HOA Fee | 0.00 |
| Heating | Central, Forced Air, Propane |
| Interior Features | Balcony, Built-in Features, Cathedral Ceiling(s), Ceiling Fan(s), Coffered Ceiling(s), Crown Molding, Granite Counters, Open Floorplan, Pantry, Phone System, Recessed Lighting, Storage, Sunken Living Room |
| Levels | Two |
| Listagentaor | Southland |
| Listing Agent | Kevin Tehrani - BRE#00905115 |
| Listing Agent State License | 00905115 |
| MLS Area | C33 - Malibu |
| Other Structures | Sauna Private |
| Parking Features | Driveway, Concrete, Garage - Three Door, Garage Door Opener, Guest, Oversized, RV Access/Parking, Side by Side |
| Pool Features | Private, Filtered, Gunite, Heated, In Ground, Solar Heat |
| Price Per Square Foot | 641.37 |
| Private Pool | Yes |
| Roof | Concrete, Tile |
| Security Features | Automatic Gate, Carbon Monoxide Detector(s), Closed Circuit Camera(s), Security System, Smoke Detector(s) |
| Sewer | Conventional Septic |
| Source System | CRMLS |
| Spa Features | Private, Heated, In Ground, Solar Heated |
| Special Listing Conditions | Standard |
| Total Units | 1 |
| Utilities | Cable Connected, Electricity Connected, Phone Connected, Propane, Underground Utilities, Water Connected |
| View | Hills, Mountain(s), Panoramic, Pool, Rocks, Trees/Woods |
| Zoning | LCA11* |
Interior Features
| 1st Bedroom Area Unit Type | Square Feet |
|---|---|
| 2nd Bedroom Area Unit Type | Square Feet |
| 3rd Bedroom Area Unit Type | Square Feet |
| Air Conditioning Y/N | Yes |
| Appliances Y/N | Yes |
| Common Walls | No Common Walls |
| Fireplace Features | Living Room, Master Bedroom, Master Retreat, Two Way |
| Fireplace Y/N | Yes |
| Heating Y/N | Yes |
| Laundry Features | Individual Room, Inside, Propane Dryer Hookup |
| Laundry Y/N | Yes |
| Room Type | Entry, Family Room, Formal Entry, Foyer, Great Room, Guest/Maid's Quarters, Jack & Jill, Living Room, Main Floor Master Bedroom, Office, Retreat, Sauna, Two Masters, Utility Room, Walk-In Closet, Walk-In Pantry |
| Studio Area Unit Type | Square Feet |
| Total Stories | 2 |
| Window Features | Bay Window(s), Custom Covering, Drapes, French/Mullioned, Skylight(s) |
Exterior Features
| Building Area Total | 7406.00 |
|---|---|
| Door Features | Double Door Entry, French Doors |
| Fence Y/N | Yes |
| Fencing | Wrought Iron |
| Foundation Details | Slab |
| Lot Features | Back Yard, Front Yard, Landscaped, Lawn, Irregular Lot, Yard |
| Lot Size Acres | 10.9654 |
| Lot Size Area | 477651.0000 |
| Lot Size Source | Assessor |
| Lot Size Square Feet | 477651.00 |
| Lot Size Units | Square Feet |
| Number of Buildings | 1 |
| Number of Separate Electric Meters | 1 |
| Number of Separate Water Meters | 1 |
| Parking Y/N | Yes |
| Road Frontage Type | City Street |
| Spa | Yes |
| Total Parking | 3.00 |
| Water Source | Public, Well |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Master On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Zip Code Average in 90265
Price
Visits
Year Built
Based on information from California Regional Multiple Listing Service, Inc. as of January 25, 2021 8:38 PM UTC 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
