First time on the market in 40 years, this triplex presents a rare opportunity for both seasoned investors and owner-occupants seeking long-term growth. Situated on a large lot, the property offers potential to add up to two ADUs per the city - a significant value-add opportunity for future income and portfolio expansion. Recent improvements include new repipe to the street, enhancing reliability and reducing future maintenance costs. The one bedroom units have been updated, and the property is currently occupied by stable, long-term tenants, providing immediate income from day one. A standout feature is four highly desirable garages, offering ample parking or storage-an attractive amenity for tenants and an additional revenue stream for the owner. With the same owner for decades, this is a rare chance to unlock hidden value through strategic updates, adding units, and optimizing rents. Ideal for investors or owner-occupants seeking income and growth.

Based on information submitted to CRMLS as of May 20, 2026 10:51 PM EDT . All data is deemed reliable but is not guaranteed accurate by the MLS. All information should be independently reviewed and verified for accuracy. IDX information is provided exclusively for consumers’ personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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Luxury Malibu Property | Pinnacle Estate Properties Malibu