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Property profile & analytics
OFF-MARKET
Estimated value
$525,000
Office buildings
22853 Pacific Coast Hwy Malibu, CA 90265-5040
Entity Owned
11-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US10-0068028
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1986
Construction
WOOD
Total area
906 SF
Lot
0.28 ac (12,316 SF)
Zoning code
LCC3*
APN
4452-020-031
UPID
US10-0068028
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
-
Colony Rental Leasing Corporation Car Rental Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$735k
CAP Approach
CAP
$325k
Comparable Approach
Comparable
$671k
Blend (final)
Blend
$525k
Owner & transaction history
Mb North Lot De LLC · 11 yrs held
Mb North Lot De LLC
since 2015
7 recorded transactions
Zoning & alternative use
LCC3* · Malibu, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$550,000
+35.7%
Auto repair, garage
$420,000
+3.1%
Medical building
$410,000
+1.4%
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
$735,000
CAP Approach
CAP Return
Estimation
6%
$350,000
6.5%
$325,000
7%
$300,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$405,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$550,000
Change: +36% · Conversion: Difficult
AUTO REPAIR, GARAGE
$420,000
Change: +3% · Conversion: Difficult
MEDICAL BUILDING
$410,000
Change: +1% · Conversion: Easy
RETAIL STORES
$345,000
Change: -15% · Conversion: Moderate
Blend value · Realmo final
$525k
Range $473k – $578k · ±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
$579 / 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
$67,167
Tax year 2024
Assessed value
$5,686,866
Assessed 2024
Previous assessed
$5,686,866
+0.0% YoY
Effective rate
1.18%
On assessed value
Assessed land
$5,577,593
Assessed improvement
$109,273
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1986
Construction
WOOD
Heating
NONE
Stories
1
Units
1
Total area
906 SF
Lot
0.28 ac (12,316 SF)
Zoning code
LCC3*
APN
4452-020-031
UPID
US10-0068028
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LCC3* · Malibu, CAZoning LCC3* · permitted uses
LCC3* · Malibu, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$405,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$550,000
AUTO REPAIR, GARAGE
Est. value
$420,000
MEDICAL BUILDING
Est. value
$410,000
RETAIL STORES
Est. value
$345,000
OFFICE BUILDING Current
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
MEDICAL BUILDING
RETAIL STORES
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
Year built
1986
Construction
WOOD
Heating
NONE
Stories
1
Units
1
Lot
0.28 ac
Current owner
From public records · entity-resolved
Mb North Lot De LLC
Entity
Mailing address
9200 W SUNSET BLVD STE #555, WEST HOLLYWOOD, CA 90069-3611
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 26, 2024
—
Mani Mbi De LLC
—
Deed
related
$53,178,587 · Bank Of America NA
Apr 1, 2019
—
Mb North Lot De LLC
—
Deed
related
$3,178,587 · Bank Of America
Jul 15, 2015
$4,900,000
Mb North Lot De LLC
Davidson J E Living Trust
Grant Deed
—
Jul 15, 2015
—
Davidson,james E Living Trust
Davidson James E
Quit Claim Deed
related
—
Jan 31, 2012
—
Davidson James E Living Trust
Davidson,james E
Quit Claim Deed
related
—
—
—
Mb North Lot De LLC
—
Deed Of Trust
related
$3,178,587 · Bank Of America
—
—
Mb North Lot De LLC
—
Deed Of Trust
related
$2,700,000 · Bank Of America
—
—
James E Davidson
—
Deed Of Trust
related
$250,000 · Santa Monica Bank
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.
Try Rey
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