Terrific opportunity to own a Malibu beach side condo at The Malibu Bay Club. This unit was originally set up as a one bedroom, one bath upstairs and a master bedroom and bathroom downstairs. The top floor has amazing ocean views. Right now the downstairs has two additional spaces and a kitchenette that are unpermitted. The lower unit has a very tiny ocean view. There is a tenant in place in the lower unit until Aug 2014 paying $1500 per month. The lower unit has its own entrance. These units are highly desirable because you can have a two story unit or two rental units. The slab on the carport needs work and buyer needs to research with the HOA on who will be responsible. The unpermitted rooms will need to be addressed. This is an ideal investment opportunity for someone who is familiar with construction, architects, and obtaining permits.