The Only Available Property Zoned Multi-Family in Malibu

  • $15,000,000
28517 Pacific Coast Highway
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The Only Available Property Zoned Multi-Family in Malibu

28517 Pacific Coast Highway
  • $15,000,000


  • Multi Family Home
  • Property Type
  • 7
  • Bedrooms
  • 5
  • Bathrooms
  • 6
  • Acres


28517 Pacific Coast Highway


This exceedingly rare opportunity is the only available property zoned for multi-family use in all of Malibu. Comprised of 2 parcels totaling 6+ acres, these flat lots are perfectly situated with tranquil ocean views on the landside of Paradise Cove and adjacent to the luxury condos at The Pointe. The large parcel is nearly 5.2 acres, and the second parcel is approximately 0.8 acres with a burnout homesite from a former ~3,004 sq. ft. residence and guest house. Per the City of Malibu’s Local Coastal Program, both properties are zoned for multi-family residential allowing for 6 units per acre. Both sites are a moment’s drive from the shops and restaurants at Point Dume Village and Trancas Country Market, as well as sandy beaches, highly rated schools, parks, and trails. A development opportunity of this magnitude, location, and land use designation is likely the last of its kind on the Malibu coastline.

  • Address 28517 Pacific Coast Highway
  • City Malibu
  • State/county California
  • Zip/Postal Code 90265
  • Country United States


Updated on November 20, 2023 at 9:12 pm
  • Price: $15,000,000
  • Property Size: 6 Acres
  • Bedrooms: 7
  • Bathrooms: 5
  • Property Type: Multi Family Home
  • Property Status: New Construction

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