1848 Newell RD, Malibu, CA 90265 - MLS#25533585 - Matt O'Brien

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Matt O'Brien

matt@homecrave.com +1(619) 302-3010

$ 75,000

Est. payment | -/mo

1.5 Acres Lot

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$ 75,000

Est. payment | -/mo

Save

1.5 Acres Lot

Key Details

Property Type Vacant Land

Listing Status Active

Purchase Type For Sale

MLS Listing ID 25533585

HOA Y/N No

Lot Size 1.501 Acres

Property Description

The listed address of 1848 Newell is based on addresses of nearby developed properties. The County of Los Angeles has confimed the address. The LA County GIS system indicates that the average slope of the lot has a desending slope of 3 feet of vertical for every 1 foot of horizontal towards the north. The previous home on the property was built on stilts. The likely buyer is someone who wants to utilize the the Transfer Development Credit Program to increase the size of a home that exists or they want to build in the Malibu Bowl neighborhood in Corral Cyn. and it is priced accordingly. There are other homes nearby which indicates that this may be developed as a single family home. The owner was told by the county that he would be limited to about 900 Sq. feet of habitable space plus a garage. No plans, approvals, studies or reports exist. The current owners inherited the property over 25 years ago and have decided it is surplus to their needs.

Location

State CA

County Los Angeles

Area C33 - Malibu

Zoning LCR17500*

Interior

Fireplace No

Exterior

View Y/N Yes

View Canyon, Park/Greenbelt, Hills, Mountain(s)

Building

Lot Description Horse Property, No Landscaping, Rectangular Lot, Value In Land, Sloped Down

Sewer Septic Type Unknown

New Construction No

Schools

School District Santa Monica-Malibu Unified

Others

Senior Community No

Tax ID 4457011001

Acceptable Financing Cash

Horse Property Yes

Listing Terms Cash

Special Listing Condition Standard

Listed by Paul Grisanti Pinnacle Estate Properties

+1(619) 302-3010

matt@homecrave.com

San Diego, CA, 92124

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1848 Newell RD Malibu, CA 90265