PROPERTY DESCRIPTION

This is A Once-in-a-Lifetime Investment Opportunity to acquire a single tenant 100% absolute triple net leased property in Malibu, one of the most significant & prestigious residential compounds in the United States with a gated estate & the utmost privacy of exquisitely landscaped gardens overlooking unobstructed views of the Boney Ridge, Sandstone 3,111 peak, Hidden valley & the Topatopa span across five mountain ridges. This resplendent property perched on Approx. 11 acres of land outfitted with front portico entry leads into the great room grand foyer w/soaring 24' ceilings,7400 sq. ft. open floor plan, interiors with custom designer touches throughout, formal living room, hearth & French doors opening to nature overlooks the Malibu mountains, huge gourmet kitchen, expansive master suite and so much more. This residential income opportunity features a NNN lease with monthly income of $20,000 Cap Rate of 5.05%. The tenant is an established Drug & Alcohol Rehab &Treatment Center holding a sub cense Abuse Drug & Alcohol license& certification approved by state of California and Federally holding JCAHO, Joint Commission on Accreditation of Healthcare Organizations. This property can be purchased individually or a portfolio sale, 265 Westlake Blvd (next door MLS#SR20199855) listed at $2,700,000 NOI: $180,000 Cap Rate of 6.66%. A new lease contract will be arranged before close of escrow.