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Property profile & analytics
OFF-MARKET
Estimated value
$3,290,000
Investment properties
28925 Pacific Coast Hwy Malibu, CA 90265-3922
Individually Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-8495405
Property profile
Verified
Property type
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Year built
1980
Construction
WOOD
Total area
7,953 SF
Lot
0.42 ac (18,199 SF)
Zoning code
LCCPD*
APN
4467-034-006
UPID
US09-8495405
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 Wave Salon Hair Salon Nail Salon
-
California Beach Volley Ball Gym & Fitness Center
-
Clive Dawson, A.I.A. Architecture and Planning Architecture Firm
-
Salon by the Sea Hair Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.32M
CAP Approach
CAP
$2.48M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.29M
Owner & transaction history
Richard Kim · 3 yrs held
Richard Kim
since 2023
Last sale
$3.3M
7 recorded transactions
Zoning & alternative use
LCCPD* · Malibu, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$5.2M
+110.8%
Neighborhood: shopping center
$4.8M
+97.0%
Auto repair, garage
$3.7M
+49.7%
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
$3,335,000
ML approach
$3,320,000
CAP Approach
CAP Return
Estimation
6%
$2,685,000
6.5%
$2,480,000
7%
$2,300,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$2,455,000
Current use
RESTAURANT
$5,180,000
Change: +111% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$4,840,000
Change: +97% · Conversion: Difficult
AUTO REPAIR, GARAGE
$3,680,000
Change: +50% · Conversion: Difficult
MEDICAL BUILDING
$3,615,000
Change: +47% · Conversion: Easy
OFFICE BUILDING
$3,565,000
Change: +45% · Conversion: Easy
RETAIL STORES
$3,050,000
Change: +24% · Conversion: Easy
WAREHOUSE, STORAGE
$2,335,000
Change: -5% · Conversion: Difficult
Blend value · Realmo final
$3.29M
Range $2.96M – $3.62M · ±10% · vs last sale $3.25M (Apr 18 2023)
Last sale anchor
$3.25M
Apr 18 2023
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
$414 / 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
$40,089
Tax year 2024
Assessed value
$3,315,000
Assessed 2024
Previous assessed
$3,315,000
+0.0% YoY
Effective rate
1.21%
On assessed value
Assessed land
$2,805,000
Assessed improvement
$510,000
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
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Status
Off-Market
Year built
1980
Construction
WOOD
Heating
NONE
Cooling
YES
Stories
2
Total area
7,953 SF
Lot
0.42 ac (18,199 SF)
Zoning code
LCCPD*
APN
4467-034-006
UPID
US09-8495405
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LCCPD* · Malibu, CA
Zoning LCCPD* · permitted uses
LCCPD* · 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
COMMERCIAL (GENERAL) Current
Est. value
$2.5M
RESTAURANT
Est. value
$5.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$4.8M
AUTO REPAIR, GARAGE
Est. value
$3.7M
MEDICAL BUILDING
Est. value
$3.6M
OFFICE BUILDING
Est. value
$3.6M
RETAIL STORES
Est. value
$3.1M
WAREHOUSE, STORAGE
Est. value
$2.3M
COMMERCIAL (GENERAL) Current
RESTAURANT
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
MEDICAL BUILDING
OFFICE BUILDING
RETAIL STORES
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
Year built
1980
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
2
Lot
0.42 ac
Current owner
From public records · entity-resolved
Richard Kim
Individual
Mailing address
26901 N AGOURA RD STE #250, AGOURA HILLS, CA 91301-5103
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 18, 2023
$3,250,000
Richard Kim
Karl S Reinecker
Grant Deed
$450,000 · Karl S Reinecker Etal
Apr 18, 2023
—
Karl S Reinecker
Karl S Reinecker
Intrafamily Transfer
related
—
Jul 9, 2015
—
Lynne,jo Ann 2014 Trust
Fletcher Jo Ann L
Quit Claim Deed
—
Apr 3, 2015
—
John R Fletcher
Fletcher John & J Trust
Quit Claim Deed
related
—
Jul 22, 2013
—
Fletcher,joann L 2011 Trust
Fletcher,joann L
Quit Claim Deed
related
—
Apr 18, 1995
—
Malibu Family Limited Ptnshp
—
Deed Of Trust
related
—
—
—
LP Nazemi
—
Deed Of Trust
related
$161,832 · Individual
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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