Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Malibu Land with Approved Permits Title is generated by Realmo AI

    8 Murphy Way, Malibu, CA 90265

    View on Map
    Claim this Listing
    For Sale
    $1,299,999

    7.2 acres with panoramic ocean views and approved permits.

    Added:
    Aug 5, 2025
    Days on Market:
    299
    Last Refresh:
    Mar 16 at 9:08 am

    Property Features for 8 Murphy Way

    General Information

    Standard status
    Active

    We can help!

    Listing Contact
    SAMANTHA MITCHELL

    Listing agent SAMANTHA MITCHELL

    Listing office KELLER WILLIAMS REALTY CALABASAS

    Listing date Aug 5, 2025

    Source Corcoran

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of KELLER WILLIAMS REALTY CALABASAS

    HighLights

    • Approved permits with LA County Coastal streamline the building process.
    • 7.2 acres with PANORAMIC OCEAN VIEWS stretching from Point Dume to Zuma Beach.
    • Complete topographic survey, soils and geology reports, biology assessments, approved water and access, and landscape fuel modifications are already done.
    • Architectural plans for a 6600 sq ft home with a pool from a known Malibu architect are included.
    • Seller financing is available with reasonable terms.
    • Recently appraised for $2.2 million.

    Overview

    This 7.2-acre land parcel, located in Malibu, offers panoramic ocean views stretching from the Bay East of PT Dume to the Blue Waters off Zuma Beach. All permits are completed with LA County Coastal, not Malibu Coastal. Topographic survey, soils and geology, biology assessments, approved water and access, landscape fuel modifications, and architectural plans are ready to submit to LA County. Architectural plans from a known Malibu architect are available for a 6600 sq ft home with a pool. The seller will carry with reasonable terms. The property was recently appraised for 2.2.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Auto Repair Shop Hair Salon Gym & Fitness Center Department Store Kitchen & Bath Showroom Food Market

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

    Location Insight

    • Map
    • Local Demand
    City
    Malibu
    County
    Los Angeles
    State
    California
    Longitude
    -118.786
    Latitude
    34.0377

    Nearby Similar for Sale

    • $5,750,000
      1,206 SF

      Malibu Commercial Property with Redevelopment Potential

      Commercially zoned property with income and redevelopment potential in Malibu.
      22467 Pacific Coast Hwy, Malibu, CA 90265
      View Details
    • $995,000
      2,576 SF

      Ocean View Lot in Malibu

      0.8-acre ocean view lot approved for rebuild in Malibu.
      4615 Via Vienta St, Malibu, CA 90265
      View Details
    • $4,850,000
      4,858 SF

      Malibu Multifamily Investment with Ocean Views

      Luxury 4-unit complex with ocean views and income potential.
      18103 Coastline Dr, Malibu, CA 90265
      View Details
    • $1,295,000
      1,100 SF

      Malibu Beachfront Land Opportunity

      Rare beachfront lot to build your dream coastal retreat.
      20812 Pacific Coast Hwy, Malibu, CA 90265
      View Details
    • $2,245,000
      3,771 SF

      Malibu Land with Approved Permits

      Shovel-ready land with permits for a modern residence and pool.
      5936 Busch Dr, Malibu, CA 90265
      View Details
    • $565,000
      2,600 SF

      Mulholland Highway Land Opportunity

      1.9 acre Malibu land parcel ready for development.
      35099 Mulholland Hwy, Malibu, CA 90265
      View Details
    • $3,450,000
      3,558 SF

      Remodeled Four-Unit Building in Malibu

      Turnkey four-unit property near Carbon Beach, Malibu.
      22357 Pacific Coast Hwy, Malibu, CA 90265
      View Details
    • $995,000

      Malibu Ocean View Land

      Panoramic ocean view lot in prime Malibu location.
      3833 Rambla Pacifico St, 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
      2,352 SF

      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
    • $2,100,000
      3,011 SF

      Malibu Land with Approved Plans

      Land in Malibu with approved plans for a modern residence.
      18421 Coastline Dr, Malibu, CA 90265
      View Details
    • $399,999

      Malibu Canyon Parcel Opportunity

      Serene Malibu canyon parcel near Pacific Coast Highway.
      23422 W Copacabana, Malibu, CA 90265
      View Details

    FAQs

    What type of property is this?
    Land - 7.2 acres with panoramic ocean views and approved permits.
    Where is this land located?
    The property is located at 8 Murphy Way Malibu, CA.
    What is the asking price?
    The asking price for this property is $1,299,999.
    What are key features of this property?
    This property features: Approved permits with LA County Coastal streamline the building process.; 7.2 acres with PANORAMIC OCEAN VIEWS stretching from Point Dume to Zuma Beach.; Complete topographic survey, soils and geology reports, biology assessments, approved water and access, and landscape fuel modifications are already done.
    We can help!
    Listing Contact
    SAMANTHA MITCHELL
    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

    Thank You for Inquiry
    8 Murphy Way, Malibu, CA 90265
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!