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Property profile & analytics
OFF-MARKET
Estimated value
$770,000
Apartment buildings
22816 Pacific Coast Hwy Malibu, CA 90265-5061
Entity Owned
9-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-8414412
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Construction
WOOD
Total area
3,960 SF
Lot
0.19 ac (8,487 SF)
Zoning code
LCC2*
APN
4452-004-025
UPID
US09-8414412
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Malibu Private Beach Apartments Hotel & Motel Vacation Rental
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$980k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$770k
Owner & transaction history
Calbest Investments LLC · 9 yrs held
Calbest Investments LLC
since 2017
7 recorded transactions
Zoning & alternative use
LCC2* · Malibu, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.2M
+17.1%
Warehouse, storage
$1.2M
+11.4%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Malibu submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Malibu submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,060,000
6.5%
$980,000
7%
$910,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$1,045,000
Current use
COMMERCIAL (GENERAL)
$1,225,000
Change: +17% · Conversion: Moderate
WAREHOUSE, STORAGE
$1,165,000
Change: +11% · Conversion: Difficult
Blend value · Realmo final
$770k
Range $693k – $847k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$194 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$99,312
Tax year 2024
Assessed value
$8,485,445
Assessed 2024
Previous assessed
$8,485,445
+0.0% YoY
Effective rate
1.17%
On assessed value
Assessed land
$7,776,678
Assessed improvement
$708,767
Applied tax rate
10.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Construction
WOOD
Heating
NONE
Cooling
YES
Units
6
Total area
3,960 SF
Lot
0.19 ac (8,487 SF)
Zoning code
LCC2*
APN
4452-004-025
UPID
US09-8414412
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LCC2* · Malibu, CA
Zoning LCC2* · permitted uses
LCC2* · Malibu, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Malibu. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$1.0M
COMMERCIAL (GENERAL)
Est. value
$1.2M
WAREHOUSE, STORAGE
Est. value
$1.2M
APARTMENT HOUSE (5+ UNITS) Current
COMMERCIAL (GENERAL)
WAREHOUSE, STORAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Construction
WOOD
Heating
NONE
Cooling
Yes
Units
6
Lot
0.19 ac
Current owner
From public records · entity-resolved
Calbest Investments LLC
Entity
Mailing address
1775 N ORANGE DR APT #100, LOS ANGELES, CA 90028-4321
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 29, 2019
—
Rnr Props
—
Deed
related
$4,035,000 · Bank Leumi USA
Aug 2, 2017
—
Rnr Props
—
Deed
related
$3,000,000 · Bank Leumi USA
May 24, 2017
—
Calbest Investments LLC
Eugen Nissel LLC
Quit Claim Deed
$4,035,000 · Bank Leumi USA
Sep 24, 2014
$7,200,000
Eugen Nissel LLC
Ofmay Realty LLC
Grant Deed
—
Sep 12, 2007
$7,000,000
Ofmay Realty LLC
Malibu Holdings LLP
Grant Deed
$50,600,000 · Jpmorgan Chase Bank NA
Dec 7, 2004
—
Malibu Holdings
Monkarsh,jerry & Joyce
Grant Deed
related
—
Nov 10, 1972
$117,500
Jerry Monkarsh
—
Grant Deed
related
—
—
—
Malibu Holdings
—
Deed Of Trust
related
$3,100,000 · Key Bank NA
—
—
Rnr Props
—
Loan Modification
related
$4,035,000 · Bank Leumi USA
—
—
Rnr Properties LLC|eugen Nissel LLC
—
Deed Of Trust
related
$4,035,000 · Bank Leumi USA
—
—
Jerry Monkarsh
—
Deed Of Trust
related
$500,000 · First Republic Bank
—
—
Rnr Props
—
Loan Modification
related
$3,000,000 · Bank Leumi USA
—
—
Rnr Props
—
Loan Modification
related
$4,035,000 · Bank Leumi USA
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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