1848 NEWELL ROAD, MALIBU CA 90265

  • 65,365 sq.ft. lot
offered at $75,000
MLS#:25533585
Status: Active // Property Type:
County: Los Angeles

Property Description

The listed address of 1848 Newell is based on addresses of nearby developed properties. The County of Los Angeles has confimed the address. The LA County GIS system indicates that the average slope of the lot has a desending slope of 3 feet of vertical for every 1 foot of horizontal towards the north. The previous home on the property was built on stilts. The likely buyer is someone who wants to utilize the the Transfer Development Credit Program to increase the size of a home that exists or they want to build in the Malibu Bowl neighborhood in Corral Cyn. and it is priced accordingly. There are other homes nearby which indicates that this may be developed as a single family home. The owner was told by the county that he would be limited to about 900 Sq. feet of habitable space plus a garage. No plans, approvals, studies or reports exist. The current owners inherited the property over 25 years ago and have decided it is surplus to their needs.

Listing Courtesy of Paul Grisanti, Pinnacle Estate Properties

FOR MORE INFORMATION, PLEASE CONTACT AGENT:
  • raj qsar
    CEO | Owner |
    CalBRE# 01744847
    • cell 714.412.5019
    • office 949.612.2535
    email Raj

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