29500 Heathercliff Road 108, Malibu, CA 90265
Property · 2 recorded sales since 2021
Sold October 2021
Listing Agent: Ren Smith (DRE #01329241) · Listing Office: Coldwell Banker Realty · Contact: 310-457-6550 · Bought with: Blake Varga · The Agency · MLS #21773800 · Source: CRMLS
About this property
Incredible opportunity to own a tri-plex style home with stunning canyon views and one of the lowest space rents in the Point Dume Club. The over-sized, canyon facing, rear studio unit has been completely remodeled, with an open-concept floor plan, custom exposed shelving, tons of natural light, and living room doors that open directly onto the sun-drenched patio/deck. The bright, airy front studio unit includes a kitchenette, breakfast bar, oversized closet, bonus storage room, and 3/4 bath. The charming 1br unit features a full kitchen, breakfast bar, and plentiful cabinetry. Each unit has a private entrance and parking. The front and rear studio units are currently leased through summer 2022 with rents of $1,975 and $3,500, respectively. The 1BR unit is currently leased month-to-month for $2,300, bringing the total current monthly income for all three units to $7,775.00. This opportunity offers many options for a savvy buyer. Enjoy all the amenities of Point Dume Club while generating income, vacate the 1BR unit and have the other units offset your living costs, or take advantage of the low space rent and rental income, while you plan and coordinate bringing in a brand-new dream home.
Listing description from the October 2021 sale, as reported to CRMLS.
Sale history
