$275,000

Use these coordinates to locate the property (34.0477119, -118.7721332) Rare opportunity to create a Malibu retreat on a downslope ocean-view lot in an established neighborhood approximately 3 miles from PCH. The property is situated on a paved street with neighboring homes and previously had a Coastal Development Permit for a proposed 1,979 sq. ft. residence plus approximately 1,282 sq. ft. of decks and balconies. Supporting documentation on file includes a Water Department Will Serve letter, Fire Department approval, signed Health Department approval of the septic system, a Notice of Extension Request for the CDP, and a Notice of Intent to Issue CDP. The prior CDP has expired, and any future development will be subject to current regulations and agency approvals. Newer height restrictions may affect the allowable square footage and overall design of a future residence. Buyer to conduct independent due diligence regarding development potential, permits, approvals, and applicable restrictions.