Malibu California Land 3 large parcels total 10 acres
Appraissed in 2007 for $5,600,000
| Start Price |
USD 2,300,000.00 |
| Current Price |
USD 2,300,000.00 |
| Time Left |
- |
| Bid Count |
0 |
| Buy It Now Price |
- |
| Reserve Price |
- |
| Start Time |
Tuesday, October 21, 2008 |
| End Time |
Thursday, November 20, 2008 |
| Location |
Los Angeles, California |
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See more about 'Malibu California Land 3 large parcels total 10 acres'
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Description
Malibu CA - Latigo Cyn land. 3 Contiguous Lots for sale A-1 Auction price: $2,300,000.00 Malibu 1 4465-006-037, 2.80 Acres $1,750,000 Appraised Malibu 2 4465-006-038, 2.51 Acres $1,500,000 Appraised Malibu 3 4465-006-043, 4.88 Acres $2,350,000 Appraised Total Land: 10.19 Acres $5,600,000 Total Value. These unique land parcels are currently legally sub-divided lots with a Certificate of Compliance (Certify the legality of the subdivision and compliance with currant zoning) for each. They are build-able and located in a world-famous area with multi-million dollar homes already established around it, located along Latigo Canyon Road, in Malibu, CA 90265. Paved street available in front and side of the lots. Electricity is on the land. The land is on a hillside with good access from the street (on Latigo+) and with a great view of the area and the Pacific Ocean. Homes in this area are in high demand. A preliminary positive Soil Inspection of these 3 parcels found them to be stable, in good condition and build-able. The home in the photo is just next to these parcels. Build 3 estate homes on these three parcels and sell for great profit. If done right these homes can be sold for $4,000,000 ++ based on current comps. Please click on the links below to view details: Certificate of Compliance Appraisal Malibu 1 4465-006-037, 2.80 Acres $1,750,000 Appraisal Malibu 2 4465-006-038, 2.51 Acres $1,500,000 Appraisal Malibu 3 4465-006-043, 4.88 Acres $2,350,000 Total Land: 10.19 Acres Total Value $5,600,000 Next to 2375 Latigo Canyon Rd. Malibu CA 90265 is the property. LATIGO CANYON RD. PORTION OF LOT 20, OF SECTION 20, T 1S R 18W, (EX OF ST) COM AT SW LINE ESCONDIDO RD MALIBU, CA 90265 Title - All free and clear. Title company - Fidelity Title. Escrow - To be "Escrow Inc" in Burbank CA. Escrow deposit: to be made in to escrow with-in 3 working days in the amount of not less then 15% of the final bid. Balance - Will be before the close of escrow. Escrow to be closed - With-in 30 days or less from the closing of this auction. Escrow fees - will be divided between the seller and buyer 50-50. Financing - No seller financing offered. Please email me with questions you may have. Or call me at 818-568-8882 AMI Thank you for looking at my listing.
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