21062 Pacific Coast Highway, Malibu, California 90265, Malibu, 90265 - 3 bed, 2 bath
21062 Pacific Coast Highway
Malibu, California 90265
Property Price
SUMMARY
Analysis of 21062 Pacific Coast Highway, Malibu, California 90265 is currently available with a list price of $2,495,000. The property maintains a Tear down Condition Rating (10/100), reflecting significant deferred maintenance. This property is best suited for experienced investors or developers prepared for substantial renovation work. Located in a high-demand neighborhood within the Malibu Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for Experienced Investors and Fix-and-Flip Specialists.
Condition Analysis
OVERALL CONDITION SCORE
Property is land value only, full reconstruction required.
Built in 1940, this property is explicitly marketed as a 'fixer' in need of 'considerable repairs' and 'extensive renovation,' targeting 'Developers and Designers.' The advanced age of the structure and the need for comprehensive updates to all major systems strongly suggest the existing building is beyond practical repair, with the property's value primarily in its prime beachfront land, aligning with the 'tear-down' criteria.
PROSSTRENGTHS & OPPORTUNITIES
- Unrivaled Beachfront Location
The property boasts 40 feet of direct frontage on the highly sought-after Las Flores Beach, offering exclusive access and a prestigious address on Pacific Coast Highway in Malibu.
- Panoramic Ocean Views
Enjoy unobstructed, expansive ocean views directly from the property, a premium feature inherent to its prime beachfront position.
- High-Value Development Opportunity
Explicitly marketed to 'Developers and Designers,' this property presents a rare opportunity to create a custom luxury residence in a prime Malibu location.
CONSRISKS & DEFICIENCIES
- Extensive Renovation Required
Described as a 'fixer' and 'in need of considerable repairs,' the property demands a significant investment in time and capital for a complete overhaul.
- Advanced Age of Structure
Built in 1940, the home likely requires comprehensive updates to all major systems, infrastructure, and finishes to meet modern standards and codes.
- Significant Price Adjustment
The substantial reduction from the original list price of $3.495M to $2.495M indicates potential challenges in valuation or market perception of the property's 'as-is' condition.
About 21062 Pacific Coast Highway
Bring your Developers and Designers. Located on 'sought after' Las Flores Beach the structure sits on approx. 40 ft of beach frontage. The home is a 'fixer' and in need of considerable repairs. The two story Spanish home offers 3 bedrooms and 2 bathrooms (per public records). Please see additional remarks for additional information.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1940
- Lot Size
- 3,554 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 4.0 | 44% |
| Baths | 2.0 | 4.0 | 18% |
| Square foot | 1,514 | 2,917.5 | 12% |
| Lot Size | 3,554 | 17,639.5 | 2% |
| Price | $2.50M | $3.90M | 26% |
| Price per sq ft | $1.6K | $1.3K | 64% |
| Built year | 1940 | 1977 | 3% |
| HOA | $0 | $0 | 50% |
| Days on market | 311 | 221 | 82% |
Pricing History
Listed for Sale
Aug 26, 2025
$2,495,000
Initial Listing
Price Change
Apr 29, 2025
$3,495,000
Initial Listing
Sold
Jun 26, 2014
$1,775,000
Public Record