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Property profile & analytics
OFF-MARKET
Estimated value
$3,505,000
Office buildings
28990 Pacific Coast Hwy Malibu, CA 90265-3952
Individually Owned
10-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-8417806
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1980
Total area
20,940 SF
Lot
1.61 ac (70,149 SF)
Zoning code
LCC2*
APN
4466-019-004
UPID
US09-8417806
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
-
SALON AT MALIBU CREEK Hair Salon Nail Salon
-
Dr. Alan J. Steinberg, MD Physician
-
Point Dume School High School Vocational School
-
Aabc Adjustment & Counsel Physician Medical Clinic
-
Restoration Physical Therapy - Malibu Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.51M
Owner & transaction history
28990 W Pacific Coast Highway · 10 yrs held
28990 W Pacific Coast Highway
since 2015
7 recorded transactions
Zoning & alternative use
LCC2* · Malibu, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$167 / 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
$54,559
Tax year 2024
Assessed value
$4,311,694
Assessed 2024
Previous assessed
$4,311,694
+0.0% YoY
Effective rate
1.27%
On assessed value
Assessed land
$2,787,321
Assessed improvement
$1,524,373
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 (MULTI-STORY)
Status
Off-Market
Year built
1980
Heating
NONE
Stories
2
Total area
20,940 SF
Lot
1.61 ac (70,149 SF)
Zoning code
LCC2*
APN
4466-019-004
UPID
US09-8417806
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LCC2* · Malibu, CAZoning LCC2* · permitted uses
LCC2* · Malibu, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1980
Heating
NONE
Stories
2
Lot
1.61 ac
Current owner
From public records · entity-resolved
28990 W Pacific Coast Highway
Individual
Free & Clear · 10 yrs held
Mailing address
3806 CROSS CRK RD STE D, MALIBU, CA 90265-4975
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
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 23, 2015
—
28990 W Pacific Coast Highway
Jack & Pearl Shultz Family No
Quit Claim Deed
related
—
Mar 11, 2013
—
Jack & Pearl Shultz Family
Jack & Pearl Shultz Family
Quit Claim Deed
related
—
Oct 29, 2009
—
Jack & Pearl Shultz Family LLC
Jennifer Idgt LLC
Grant Deed
—
Sep 2, 2009
—
Jack Ptshp
Jack & Pearl Shultz Fam 2 LLC
Quit Claim Deed
—
Jan 15, 1993
$2,085,000
Shultz,trust
Laguna Hills Pro
Grant Deed
—
Aug 6, 1991
$2,700,000
Savings Ba Sears
Roth,y D
Trustees Deed
related
—
Oct 12, 1990
$493,804
Y D Roth
Thompson David
Trustees Deed
related
—
Mar 2, 1990
—
Dume Profe Point
Thompson David
Quit Claim Deed
related
—
Oct 24, 1989
—
David Thompson
—
Deed Of Trust
related
—
Aug 12, 1988
$100,000
David Thompson
Roth
Grant Deed
related
—
Jan 27, 1988
$25,000
Compl Mccourtney
So
Grant Deed
related
—
—
—
David Thompson
—
Deed Of Trust
related
$75,000 · Unique Funding
—
—
David Thompson
—
Deed Of Trust
related
$430,000 · Roth Y D
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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