20730 Las Flores Mesa Dr, Malibu, CA 90265

0.49 acres

Sold: $300,000
Sold on 12/24/12
Est. Mortgage
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My Notes

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This is very rare, only two lots including this one in this area of Malibu are fully permitted, ready for construction. This means that instead of waiting 07 years or more for the approval process, you can start construction right away. The orientation of the proposed residence provides some ocean and water views. It is estimated that a brand new home would cost between $850,000 to $1 million to build. Seller will consider Joint Venture. 50% down with sale of lot, Seller will carry the balance up to 5 years at a fixed 5% APR. The house has been designed with a master bedroom, three additional bedrooms along with three baths and a double car garage for a total of approximately 4,100 sq.ft. of structures. The project has a full set of City of Malibu Approved Building Plans. The Great Room comprises 40% of the home. HOA is $200/month. 

What I love about the home

No banks needed for this sale, Seller will finance both construction and a portion of the lot's purchase price. This is a very unique and rare opportunity. Malibu has hundreds of lots for sale, the MAJORITY are NOT BUILDABLE, and may not be buildable for MANY YEARS to come. This represents a truly unique opportunity to build your own brand new home for UNDER current comparables and as cheap as or even cheaper than a used shortsale or A TEAR DOWN! The Seller is REALISTIC. He is offering Seller Financing with a down payment, his price is in line AND he can also offer construction financing, this is HUGE. Go and visit the property no need to call. Visit the property's website for pictures, permits, etc... www.malibuhouse.us.
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Facts

  • Lot depth: 150
  • Lot width: 142
  • Last sold: Dec 2012 for $300,000

Other

  • Parcel #: 4450029035
  • Zillow Home ID: 20552043

Zestimate Details

Rent Zestimate A Rent Zestimate is Zillow's estimated monthly rental price, computed using a proprietary formula. It is a starting point in determining the monthly rental price for a specific property. Learn more

The Rent Range is the high and low estimate for which an apartment or home could rent. The more information we have, the smaller the range, and the more accurate the Rent Zestimate. See data coverage and accuracy table
$2,407/mo
+$60 Last 30 days
$1.5K
$4.5K
Zestimate range

Popularity on Zillow

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Market guide

Zillow predicts 90265 home values will rise 2.4% next year, compared to a 2.7% increase for Malibu as a whole.

Foreclosures will be a factor impacting home values in the next several years. In 90265, the number of foreclosures waiting to be sold is 15.4% lower than in Malibu, and 115.5% greater than the national average. This lower local number could help 90265 home values rise more quickly than other regions in Malibu.

Learn more about forecast calculations or 90265 home values.
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    Nearby Schools in Malibu

    GreatSchools ratings give an overview of a school's test results. The ratings are based on a comparison of test results for all schools in the state.

    Disclaimer: School attendance zone boundaries are supplied by Maponics and are subject to change. Check with the applicable school district prior to making a decision based on these boundaries.

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