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Malibu, CA

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City of malibu to Begin Construction of Paradise Cove Stormwater Project

10-11-09
Dom Naidoo - Pacific Palisades Real Estate
Dom Naidoo - Pacific Palisades Real Estate: Real Estate Agent in Pacific Palisades, CA
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  • Office: (310) 459-8191 x878
  • Mobile: (424) 214-0271
  • Secondary: (310) 774-3313

The City of Malibu announced that it is prepared to issue a "notice to proceed" which will allow construction to begin on the $1.2 millionParadise Cove Stormwater Treatment Facility Project

Paradise Cove, Malibu CA

The new facility will capture and treat more than 1 million gallons per day of stormwater and urban runoff.

Contact: Bob Brager, Public Works Director
E-mail: bbrager@ci.malibu.ca.us
Phone: 310-456-2489 x247

All I have to say is...IT'S ABOUT TIME!!

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Malibu Deal Alert

10-11-09
Michael & Heather Gardner
Michael & Heather Gardner : Real Estate Agent in Malibu, CA
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  • Office: (310) 699-8428
  • Mobile: (310) 699-8428

By 8 am this morning I had 2 clients emailing me asking what the story was with a new listing in Malibu Park for $699,000 that once was listed at $1,800,000!!!!!!. This is not a condo, but a half acre, ocean view, one bedroom home from 1949. Original article here

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Penn Buys in Malibu for $3,800,000

10-10-09
Stewart Penn - Los Angeles Condo Specialist
Stewart Penn - Los Angeles Condo Specialist : Real Estate Agent in West Hollywood, CA
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  • Office: (310) 844-6515
  • Mobile: (310) 866-1818

Penn buys in Malibu for $3,800,000.

No, I'm not referring to myself but rather to the Oscar-winning actor, Sean Penn, who recently purchased a 4500 sq ft ranch-style home in Malibu.

The 1.4 acre property on Grayfox Street in Malibu, was originally listed for $8,750,000 and subsequently reduced to $4,449,000.

After being on the market for about 10 months, Penn closed escrow in August this year for $3,800,000.

Seems like he's not only a great actor but a great negotiator too!

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September 2009 - Malibu Market Update - Malibu Homes – Malibu Homes For Sale - 4Malibu.com - Malibu, California Real Estate

10-07-09
Bobby Lehmkuhl
Bobby Lehmkuhl: Real Estate Agent in Malibu, CA
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  • Office: (310) 774-5230
  • Mobile: (310) 365-7696
Broker/Agent does not guarantee the accuracy of the square footage, lot size or other information concerning the conditions or features of the property provided by the seller or obtained from Public Records or other sources. Buyer is advised to independently verify the accuracy of all information through personal inspection and with appropriate professionals. Copyright © 2009 by Combined L.A./Westside MLS, Inc. Information deemed reliable but not guaranteed.

Beachfront (as of Oct. 7, 2009) Landside (as of Oct. 7, 2009)
# of Actives Price Range # of Actives Price Range
SFR 70 $875,000 - $36,000,000 SFR 267 $269,000 - $22,900,000
Condos 32 $527,500 - $5,900,000 Condos 43 $379,000 - $1,995,000
Leases 173 $1,700 - $100,000 Leases 159 $1,600 - $60,000
Land 6 $198,500 - $13,500,000 Land 243 $24,900 - $29,999,999

SEPTEMBER 2009 SALES / LEASES
SINGLE FAMILY - LANDSIDE
Address LP SP BR BA SF LSZ YB
29500 Heathercliff Rd. #181 $1,395,000 $1,060,000 3 3.5 2,100 4,872 2005
2085 N. Shadow Creek Dr. $1,595,000 $1,525,000 4 4.5 4,922 108,464 2007
6934 Grasswood Ave. $2,395,000 $1,900,000 4 3 2,344 44,867 1964
6453 Guernsey Ave. $2,495,000 $2,000,000 5 3 2,321 26,136 1968
21066 Las Flores Mesa Dr. $2,795,000 $2,300,000 3 4 2,582 16,988 1973
7022 Grasswood Ave. $4,600,000 $3,550,000 5 6 7,231 43,560 1992
6225 Zumirez Dr. $7,900,000 $7,450,000 5 7 6,271 94,117 2004
6261 Ebbtide Way $15,900,000 $13,443,800 6 4 - 304,920 1979
SINGLE FAMILY - BEACHSIDE
Address LP SP BR BA SF LSZ YB
31610 Broad Beach Rd. $5,950,000 $5,700,000 5 6 4,324 10,541 1987
CONDOS - LANDSIDE
Address LP SP BR BA SF LSZ YB
18219 Coastline Dr. #1 $875,000 $765,00 2 2 1,000 1,376 1972
11770 Pacific Coast Hwy. #EE $1,485,000 $1,445,100 4 3 1,782 - 1969
CONDOS - BEACHSIDE
Address LP SP BR BA SF LSZ YB
6825 Shearwater Ln. $965,250 $1,301,000 2 2 1,484 - 1975
LEASES - LANDSIDE
Address LP SP BR BA SF LSZ YB
23901 Civic Center Way #258 $2,200 $2,200 2 2 895 1,598 1972
6460 Cavalleri Rd. $2,200 $2,100 2 2 1,056 2,239 1975
6472 Cavalleri Rd. $2,400 $2,100 2 2 1,056 2,239 1975
28711 Pacific Coast Hwy. #9 $2,650 $2,400 2 1.5 1,007 11,543 1988
23901 Civic Center Way #D238 $2,650 $2,500 2 2 895 1,598 1972
6224 Tapia Dr. #D $3,200 $3,000 2 2 1,270 9,713 1965
28916 Rey De Copas Ln. $3,400 $3,200 2 2.5 1,306 1,947 1974
6487 Cavalleri Rd. #329A $3,865 $3,865 2 2 1,577 5,283 1993
31518 Anacapa View Dr. $3,900 $3,900 2 1 - 124,581 1996
29500 Heathercliff Rd. #65 $3,900 $3,700 3 2 1,625 3,000 2005
28234 Rey De Copas Ln. $4,300 $4,300 2 3 1,681 2,957 1974
18459 Coastline Dr. $4,500 $4,500 3 2.5 2,112 6,517 -
6487 Cavalleri Rd. #122A $5,000 $5,000 2 2 1,577 - 1993
6278 Paseo Canyon Dr. $5,800 $5,400 4 3 2,315 13,878 1962
31215 Bailard Rd. $7,800 $7,200 4 5 5,300 41,547 1986
25321 Malibu Rd. $8,000 $7,000 3 2 2,288 15,259 1960
28891 Cliffside Dr. $8,000 $8,000 2 2 1,670 51,767 1958
6489 Cavalleri Rd. #412 $9,375 $9,000 2 2.5 1,828 5,283 1991
33100 Mulholland Hwy. $9,800 $9,800 5 6 6,325 601,564 2007
24753 Vantage Point Terrace $15,000 $12,500 4 3.5 5,248 93,057 1987
LEASES - BEACHSIDE
Address LP SP BR BA SF LSZ YB
26668 Seagull Way #D104 $2,500 $2,300 1 1 664 1,690 1973
26664 Seagull Way #B117 $2,950 $2,800 1 1 724 1,690 1973
32614 Pacific Coast Hwy. $3,300 $3,000 1 1 401 84,506 1947
20054 Pacific Coast Hwy. #B $3,500 $3,500 1 1.5 - 2,370 1959
25316 Malibu Rd. #1 $5,100 $5,000 2 2 - 7,945 1958
19146 Pacific Coast Hwy. $6,500 $6,000 3 2 1,203 2,187 1948
27208 Pacific Coast Hwy. $7,000 $7,000 3 2.5 1,614 8,276 1950
26645 Latigo Shore Dr. $12,500 $11,000 4 3.5 5,800 5,227 1993
23402 Malibu Colony Rd. $80,000 $80,000 6 6 6,500 15,246 1949
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Short Sales...Long story short...

10-06-09
Bobby Lehmkuhl
Bobby Lehmkuhl: Real Estate Agent in Malibu, CA
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  • Office: (310) 774-5230
  • Mobile: (310) 365-7696

Short Sales....Long story short...

A short sale is when a lender accepts a discount on a mortgage to avoid a possible foreclosure auction or bankruptcy. For example: A homeowner, who is facing foreclosure, has an existing first mortgage of $800,000. The market value of the home is $650,000.

Long story short, the lender accepts the offer for $650,000 and the home is sold. That's a short sale. Why are lenders so eager to take such a huge discount? Banks do not like bad loans. If they see an opportunity where they can sell the property without the huge loss of a foreclosure, they will do it. Some lenders report that if the home goes into foreclosure by the time the home actually closes with the new buyer, the lender will be lucky to net 50% of the original loan balance.

Bottom line from the lenders perspective? They are in the business of lending money, not owning homes. If they can accept a short sale offer and rid themselves of the bad loan AND net more, vs the home going into foreclosure, they will do it every time. It's simply smart business.

Time is not on your side when you are considering a short sale. You must act quickly and work only with a real estate expert who has successfully completed and graduated from advanced real estate education programs. I am a DRE Certified Short Sale Negotiator.

Contact me for additional information on short sales and/or visit the short sales information link on my website at:

http://www.4malibu.com/Nav.aspx/Page=%2fPageManager%2fDefault.aspx%2fPageID%3d2067020

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