Property Description: Lot/Land on 20438 Pacific Coast Hwy, Malibu, CA state. This listing was added to our database on Oct 29, 2015. Listing was updated in 11/03/15. Incredible and intriguing Malibu Beachfront Opportunity!! For sale 7 ocean front parcels ON THE BEACH just west of Moonshadows Restaurant (between Big Rock and Las Flores beaches). In 1963 Townhomes were built on ocean front parcels each approx 20 X 100 ft.- The properties were sold with 99 year Land Leases, 49 years are left (then townhomes revert to Land owner), the last 6 parcels are now for sale with their lease generating income (Townhomes are not a part of this sale). Property addresses on Pacific Coast Hwy: #s 20438, 20440, 20458, 20520, 20534, 20546. SALE INCLUDES 7th parcel (APN 4450-005-041) a VACANT LOT approx. 43 X 109 ft. ZONED MULTI-FAMILY. The 7 PARCELS are REDUCED FOR IMMEDIATE SALE $3,925,000 (Orig'l $5.25 million) www.7MalibuBeachParcels.com www.pacificcoasthwyland.com
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