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Property profile & analytics
OFF-MARKET
Estimated value
$2,985,000
Turn key restaurants
6800 Westward Bch Rd Malibu, CA 90265-4166
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US09-6897166
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1978
Construction
WOOD
Total area
2,851 SF
Lot
0.85 ac (37,039 SF)
Zoning code
LCC2YY
APN
4468-022-001
UPID
US09-6897166
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 Toastmasters Club Association / Organization
-
LibertyX Bitcoin ATM Atm
-
The Sunset Restaurant Restaurant
-
Chad Service Solutions Employment Agency
-
Sudanese Butcher Shop-In-Tel Aviv Take-out & Catering Butcher
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.97M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.20M
Blend (final)
Blend
$2.99M
Owner & transaction history
6800 Westward Beach Road LP · 3 yrs held
6800 Westward Beach Road LP
since 2023
Last sale
$3.0M
7 recorded transactions
Zoning & alternative use
LCC2YY · 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
Method
Estimation
Statistic approach
$2,985,000
ML approach
$2,965,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$1,855,000
Current use
Blend value · Realmo final
$2.99M
Range $2.69M – $3.28M · ±10% · vs last sale $3.00M (May 15 2023)
Last sale anchor
$3.00M
May 15 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
$1,047 / 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
$49,691
Tax year 2024
Assessed value
$4,181,743
Assessed 2024
Previous assessed
$4,181,743
+0.0% YoY
Effective rate
1.19%
On assessed value
Assessed land
$3,833,272
Assessed improvement
$348,471
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1978
Construction
WOOD
Heating
NONE
Cooling
OTHER
Stories
1
Total area
2,851 SF
Lot
0.85 ac (37,039 SF)
Zoning code
LCC2YY
APN
4468-022-001
UPID
US09-6897166
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LCC2YY · Malibu, CA
Zoning LCC2YY · permitted uses
LCC2YY · 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 Current
Est. value
$1.9M
RESTAURANT Current
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
1978
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.85 ac
Current owner
From public records · entity-resolved
6800 Westward Beach Road LP
Entity
Mailing address
6800 WESTWARD BCH RD, MALIBU, CA 90265-4166
Mailing matches property
Yes
Owner-occupied
Yes
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
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 15, 2023
—
6800 Westward Beach Road LP
Rodolfo Costella
Intrafamily Transfer
related
—
Jul 19, 2018
—
Rodolfo Costella
—
Deed
related
$2,500,000 · City National Bank
Nov 14, 2012
—
Francesco Simplicio
Francesco Simplicio
Intrafamily Transfer
related
$2,100,000 · Citibank NA
Aug 30, 2012
—
Francesco Simplicio
Simplicio Family Trust
Quit Claim Deed
related
—
Jul 10, 2003
$3,000,000
Costella,tr
Nrs Fixed Fund
Grant Deed
$2,000,000 · Nrs Fixed Fund
Jun 8, 1999
—
Natl Finl Systems Trustee
First Natl Bk Trustee,
Quit Claim Deed
related
—
Aug 10, 1993
$1,677,096
Western Trust Svcs Ttee
Southern Ca Fin'
Trustees Deed
—
Apr 18, 1990
—
Sc Finl Dev
Rega
Quit Claim Deed
related
—
—
—
Costella Rodolfo Trust
—
Deed Of Trust
related
$1,096,000 · Cdc Small Business Finance Co
—
—
Costella,tr
—
Deed Of Trust
related
$1,525,000 · Community National Bank
—
—
Costella,tr
—
Deed Of Trust
related
$1,067,500 · Community National 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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