Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    6658 Wandermere Rd Malibu, CA 90265

    View on Map
    For Sale
    $2,250,000

    LAND - Malibu, CA

    Lot size:
    1.05 Acres
    Added:
    Dec 13, 2025
    Days on Market:
    109
    Last Refresh:
    Apr 1 at 7:06 pm

    Property Features for 6658 Wandermere Rd

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    LCRA1*
    Standard status
    Active
    APN
    4468-008-006
    Lot size
    1.05 Acres

    We can help!

    Listing Contact
    Susan Cosentino

    Listing agent Susan Cosentino License #01315015

    Listing office Compass 24903 Pacific Coast Hwy #200, Los Angeles, CA

    Listing date Dec 13, 2025

    MLS# 25628519

    Copyright © 2026 The MLS/CLAW. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Malibu Land with RTI Permits

    This property in Malibu, California, features ready-to-issue (RTI) permits for a 3400 sq ft single-story modernist single-family residence designed by Vitus Matare. The land offers ample room for expansion, including the addition of a swimming pool, spa, and guest house. Situated on a large, flat lot spanning just over 1.045 acres, the property includes a newly installed septic tank. The location provides tranquil canyon views and convenient access to beaches, shops, and restaurants. The zoning is LCRA1*.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Restaurant Real Estate Agency Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Malibu
    County
    Los Angeles
    State
    California
    Longitude
    -118.809173
    Latitude
    34.015401

    Nearby Similar for Sale

    • $495,000

      Malibu Land with Expansive Views

      16.63-acre Malibu land offering with ocean and canyon views.
      2510 Mar Vista Ridge Dr, Malibu, CA 90265
      View Details
    • $22,000,000

      Malibu Land with Development Plans

      20-acre Malibu land with plans for a striking compound.
      9950 COTHARIN Rd, MALIBU, CA 90265
      View Details
    • $575,000

      Mulholland Highway Land Opportunity

      1.9 acre parcel on Mulholland Highway ready for development.
      35099 Mulholland Hwy, Malibu, CA 90265
      View Details
    • $2,245,000

      Malibu Land with Approved Permits

      Shovel-ready land with permits for a modern residence and pool.
      5936 Busch Dr, Malibu, CA 90265
      View Details
    • $1,895,000

      Malibu Land with Active Permits

      Shovel-ready lot with permits for a 4,190 sq ft home.
      5942 Busch Dr, Malibu, CA 90265
      View Details
    • $2,245,000

      Malibu Land with Ocean Views

      Prime 0.88-acre lot with rebuild opportunity and panoramic views.
      20555 Little Rock Way, Malibu, CA 90265
      View Details
    • $499,000

      Malibu Land with Approved Plans

      Ready-to-build lot with permits and ocean view potential.
      4326 Escondido Trail, Malibu, CA 90265
      View Details
    • $395,000

      Malibu Land with Ocean Views

      0.64-acre Malibu lot with plans for a 3,600 sq. ft. residence.
      21800 Azurelee Dr, Malibu, CA 90265
      View Details
    • $1,495,000

      Ocean View Lot in Malibu

      9,238 SF lot with ocean views in Sunset Mesa.
      3637 Seahorn Dr, Malibu, CA 90265
      View Details
    • $1,695,000

      Malibu Estate Parcel with Ocean Views

      Exceptional Malibu estate parcel with unobstructed ocean and city views.
      20541 Roca Chica Dr, Malibu, CA 90265
      View Details
    • $288,000

      Malibu View Parcel For Sale

      Buildable 0.77-acre parcel with canyon-to-ocean views in Malibu.
      4003 Latigo Canyon, Malibu, CA 90265
      View Details
    • $999,000

      Panoramic Ocean View Malibu Land

      Land with ocean and mountain views in prime Malibu location.
      3833 Rambla Pacifico St, MALIBU, CA 90265
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Ready-to-Issue permits for a modern residence on over an acre.
    Where is this residential land & home lot located?
    The property is located at 6658 Wandermere Rd Malibu, CA.
    What is the asking price?
    The asking price for this property is $2,250,000.
    What are key features of this property?
    This property features: RTI (Ready to Issue) Permits for a **3400 sq ft Modernist Single Family Residence designed by Vitus Matare.**; **Large, flat, over one‑acre lot.**; Ample room for expansion, including pool, spa, and guest house.
    (310) 924-9382
    We can help!
    Listing Contact
    Susan Cosentino
    Real Estate License ID: 01315015
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!