606 Thrift Road, Malibu, California 90265, Malibu, 90265 - 3 bed, 3 bath
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Malibu, California 90265
This Re-imagined Modern Ranch is a Prime Investment Opportunity listed at $1,972,000—positioned well below the $2,029,738 Fair Market Value by 2%. This valuation provides $57,738 in Instant Equity for buyers. Boasting a Condition Rating of 3, the home features soaring vaulted ceilings and a versatile 5-car garage capacity on a private half-acre lot. Located near top-rated schools and Malibu beaches, it balances serene canyon living with significant upside. This is an ideal acquisition for Owner-Occupants or Creative Professionals seeking a private retreat.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 606 Thrift Road Subject | $1,972,000* List Price | 3 | 3 | 2,248 | $903 | - |
A 31415 Birdella Road 0 Active | $2,395,000 List Price | 4 | 3 | 2,904 | $825 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property is move-in ready and has undergone significant 're-imagining' with modern vaulted ceilings, polished concrete flooring, and updated recessed lighting in the main living areas and office. While the great room and exterior present as modern, the kitchen features older-style white cabinetry, white appliances, and dated fluorescent lighting, indicating a partial rather than a full top-to-bottom recent renovation.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 18866, living area = 2248.
Situated on nearly half an acre with mature oak trees and a gated entrance, the property offers a rare park-like setting with exceptional privacy and a sprawling flat yard.
The home features a thoughtfully redesigned interior with soaring vaulted ceilings and a spacious great room that seamlessly integrates the kitchen and dining areas for modern living.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 2248, other record living area = 1979.
Located in the Malibu hills, the property may require navigating winding canyon roads, which can increase travel time to the Pacific Coast Highway and local beaches.
The large, nearly half-acre lot with mature trees and extensive flat yard space will require significant ongoing maintenance and irrigation to preserve its lush, park-like aesthetic.
Situated in a serene park-like setting on nearly half an acre, this beautifully re-imagined modern ranch home is surrounded by mature oak trees and a sprawling flat yard. Gated and fully fenced, the property offers exceptional privacy and a peaceful retreat in a desirable neighborhood. Thoughtfully redesigned, the home features a spacious great room with soaring vaulted ceiling, connecting to the family room, kitchen and dining area - ideal for both everyday living and entertaining. The flexible floor plan includes three bedrooms, three bathrooms, a dedicated office, and a generous laundry/mud room. Two detached garages provide space for up to five vehicles or offer endless potential for a workshop, studio or additional storage. Conveniently located near beaches, top-rated schools, shopping, dining and access to city amenities.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 4.0 | 47% |
| Baths | 3.0 | 4.0 | 48% |
| Square foot | 2,248 | 2,748 | 36% |
| Lot Size | 18,866 | 18,758.5 | 52% |
| Price | $1.97M | $3.73M | 20% |
| Price per sq ft | $877 | $1.3K | 16% |
| Built year | 0 | 1979 | 5% |
| HOA | $0 | $0 | 50% |
| Days on market | 30 | 226 | 2% |
Mar 23, 2026
$1,972,000
Initial Listing
Aug 7, 2003
$425,000
Public Record
Aug 5, 2003
$425,000
Public Record
Nov 20, 1998
$260,000
Public Record
Apr 3, 1998
$368,000
Public Record