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Property profile & analytics
OFF-MARKET
Estimated value
$6,605,000
Investment properties
28955 Pacific Coast Hwy Malibu, CA 90265-3953
Entity Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-8495406
Property profile
Verified
Property type
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Year built
1987
Construction
WOOD
Total area
12,316 SF
Lot
0.43 ac (18,681 SF)
Zoning code
LCC1-2*
APN
4467-035-067
UPID
US09-8495406
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
-
AtLast Photo Studio Wedding Service Photography Service
-
Piano Lessons Malibu Vocational School Training Center
-
Malibu Garage Door Repair Building Supply General Contractor
-
Malibu Shades Design (Bike/Boat/Book/etc) Store Home Decor Store
-
Malibu Design Associates Architect
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$6.68M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$6.61M
Owner & transaction history
Planet Estate Realty LLC · 5 yrs held
Planet Estate Realty LLC
since 2021
Last sale
$6.6M
7 recorded transactions
Zoning & alternative use
LCC1-2* · Malibu, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$8.0M
+110.8%
Neighborhood: shopping center
$7.5M
+97.0%
Auto repair, garage
$5.7M
+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
$6,635,000
ML approach
$6,680,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$8,020,000
Change: +111% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$7,495,000
Change: +97% · Conversion: Difficult
AUTO REPAIR, GARAGE
$5,695,000
Change: +50% · Conversion: Difficult
MEDICAL BUILDING
$5,600,000
Change: +47% · Conversion: Easy
OFFICE BUILDING
$5,525,000
Change: +45% · Conversion: Easy
RETAIL STORES
$4,720,000
Change: +24% · Conversion: Easy
Blend value · Realmo final
$6.61M
Range $5.94M – $7.27M · ±10% · vs last sale $6.55M (Jan 20 2021)
Last sale anchor
$6.55M
Jan 20 2021
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
$536 / 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
$82,308
Tax year 2024
Assessed value
$6,950,912
Assessed 2024
Previous assessed
$6,950,912
+0.0% YoY
Effective rate
1.18%
On assessed value
Assessed land
$5,836,644
Assessed improvement
$1,114,268
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
1987
Construction
WOOD
Heating
NONE
Cooling
YES
Stories
1
Total area
12,316 SF
Lot
0.43 ac (18,681 SF)
Zoning code
LCC1-2*
APN
4467-035-067
UPID
US09-8495406
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LCC1-2* · Malibu, CA
Zoning LCC1-2* · permitted uses
LCC1-2* · 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
RESTAURANT
Est. value
$8.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$7.5M
AUTO REPAIR, GARAGE
Est. value
$5.7M
MEDICAL BUILDING
Est. value
$5.6M
OFFICE BUILDING
Est. value
$5.5M
RETAIL STORES
Est. value
$4.7M
RESTAURANT
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
MEDICAL BUILDING
OFFICE 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
1987
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.43 ac
Current owner
From public records · entity-resolved
Planet Estate Realty LLC
Entity
Mailing address
5010 PKWY CALABASAS STE #201, CALABASAS, CA 91302-3914
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
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
Dec 14, 2022
—
Hameramir LLC
—
Deed
related
$3,500,000 · Standard Insurance Co
Jan 20, 2021
$6,550,000
Planet Estate Realty LLC
28955 Pacific Coast Hwy LLC
Grant Deed
$3,500,000 · Standard Insurance Co
Dec 23, 2019
—
28955 Pacific Coast Hwy LLC
—
Deed
related
$6,180,000 · A10 Cap
Oct 9, 2018
—
28955 Pacific Coast Hwy LLC
—
Deed
related
$5,900,000 · Thorofare Asset Based Lndg Rei
Jun 13, 2016
—
28955 Pacific Coast Hwy LLC
—
Deed
related
$6,000,000 · Opus Bank
Mar 3, 2014
$5,750,057
28955 Pacific Coast Highway LLC
Korant LLC
Grant Deed
$5,210,000 · Evertrust Bank
Jun 28, 2005
—
Korant LLC
Korant INC
Quit Claim Deed
related
—
Jun 10, 2004
—
Korant INC
Kort,gilbert R
Quit Claim Deed
related
—
Jan 27, 2004
—
Gilbert R Kort
Kort,kathleen D
Quit Claim Deed
related
$2,400,000 · Bank Of America
—
—
28955 Pacific Coast Hwy LLC
—
Deed Of Trust
related
$6,180,000 · A10 Cap
—
—
Korant LLC
—
Deed Of Trust
related
$3,500,000 · A-round LLC
—
—
28955 Pacific Coast Hwy LLC
—
Deed Of Trust
related
$5,900,000 · Thorofare Asset Based Lndg Rei
—
—
Kort Gilbert
—
Deed Of Trust
related
$1,700,000 · First Nationwide 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.
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