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Property profile & analytics
OFF-MARKET
Estimated value
$3,745,000
Office buildings
23440 Civic Ctr Way Malibu, CA 90265-4854
Entity Owned
19-yr Hold
~
Est. High Equity
Property ID
US09-8414418
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
1972
Construction
TILT-UP CONCRETE
Total area
12,644 SF
Lot
0.3 ac (13,014 SF)
Zoning code
LCC3*
APN
4458-020-004
UPID
US09-8414418
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
-
Pro Hardwood Flooring Installation Malibu General Contractor Renovation Specialist
-
Albertina (Bike/Boat/Book/etc) Store
-
Malibu Wellness Alternative Medicine Practice
-
Thomas Hirsch DDS Dental Office
-
Ronald C. Maugeri, DC Alternative Medicine Practice
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$4.54M
Comparable Approach
Comparable
$2.55M
Blend (final)
Blend
$3.75M
Owner & transaction history
Ccw Partners LLC · 19 yrs held
Ccw Partners LLC
since 2006
5 recorded transactions
Zoning & alternative use
LCC3* · Malibu, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$5.9M
+3.1%
Medical building
$5.8M
+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
by Request
CAP Approach
CAP Return
Estimation
6%
$4,915,000
6.5%
$4,535,000
7%
$4,210,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$5,670,000
Current use
AUTO REPAIR, GARAGE
$5,850,000
Change: +3% · Conversion: Difficult
MEDICAL BUILDING
$5,750,000
Change: +1% · Conversion: Easy
RETAIL STORES
$4,845,000
Change: -15% · Conversion: Moderate
Blend value · Realmo final
$3.75M
Range $3.37M – $4.12M · ±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
$296 / 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
$143,360
Tax year 2024
Assessed value
$10,245,458
Assessed 2024
Previous assessed
$10,245,458
+0.0% YoY
Effective rate
1.40%
On assessed value
Assessed land
$5,648,138
Assessed improvement
$4,597,320
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
PROFESSIONAL BUILDING
Status
Off-Market
Year built
1972
Construction
TILT-UP CONCRETE
Heating
NONE
Cooling
OTHER
Stories
1
Total area
12,644 SF
Lot
0.3 ac (13,014 SF)
Zoning code
LCC3*
APN
4458-020-004
UPID
US09-8414418
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
$5.7M
AUTO REPAIR, GARAGE
Est. value
$5.9M
MEDICAL BUILDING
Est. value
$5.8M
RETAIL STORES
Est. value
$4.8M
OFFICE BUILDING Current
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
1972
Construction
TILT-UP CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.3 ac
Current owner
From public records · entity-resolved
Ccw Partners LLC
Entity
Mailing address
PO BOX 492387, LOS ANGELES, CA 90049-8387
Ownership since
2006
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 3, 2020
—
Ccw Partners LLC
—
Deed
related
$3,400,000 · Bank Of America
Aug 23, 2006
$7,800,000
Ccw Partners LLC
146 Roseville Corp
Grant Deed
$4,000,000 · Bank Of America
Aug 22, 1997
—
146 Roseville Corp
Malibu Professional Arts
Grant Deed
related
—
Sep 19, 1972
$55,000
—
—
Grant Deed
related
—
—
—
Ccw Partners LLC
—
Deed Of Trust
related
$3,400,000 · Bank Of America
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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