Malibu REO Bank Owned Short Sale Update
28 April 2011 · by Mike Gardner Malibu Real Estate Agent 310-699-8428

Just ran a quick check and there are 30 properties on the short sale bank owned  real estate list. The properties range from a $89,000 piece of land  described here “REO. Watch the ships! This ocean and canyon unobstructed views will take your breath away! Land value – a recently built house was probably destroyed by fire. Old foundation and meters are ready for your new home to be build quickly! An estate property is being build across the street. Buyer to investigate all aspects of the property.”  to a $6.9 chunk of dirt up on Kanan that is “A remarkable offering of 455 acres in a prime location – just minutes from the 101 and Malibu’s beaches. Located in the heart of Malibu Valley wine region, this acreage consists of seven lots and is out of the Coastal Commission’s jurisdiction. In addition, two of the seven parcels (totalling 51 acres) are zoned RR5 (Recreation Resort) which allows for non-residential uses. With a creek, mountain vistas, beautiful mature trees, roads, meadows, mixed zoning, subdivision possibilities”


The hottest deals right now are the condos. Prices are low enough that quickly converting the unit in to a Pepperdine rental should makes sense.

Email Me to get the list of bank owned REO homes.

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