The first thing to understand about selling multifamily property in Malibu is that almost everything true about LA City multifamily is not true here. Malibu is its own incorporated city, not a Los Angeles neighborhood, and the regulatory picture, the buyer pool, and the pricing all follow from that fact.
Malibu incorporated in 1991 and has stayed that way deliberately — coastal, low-density, and structurally limited in how much multifamily stock can exist here at all. That scarcity, combined with the coastline itself, is...
Read the full seller's guide →Living in townMalibu is an independent coastal city of about 10,650 residents along a 21-mile stretch of the Pacific Coast Highway, incorporated in 1991. A fundamentally different asset class from any San Fernando Valley or central-LA...
See the full neighborhood profile →Closings2 Sterman Multifamily Group closings in Malibu. See the full transaction record.
See all 2 Malibu closings →FAQ3 common questions about selling an apartment building in Malibu — answered.
Read the full FAQ →Malibu multifamily is a different asset class than anything in the Valley or central LA — coastal scarcity pricing, a thin transaction count, and a regulatory picture that has nothing to do with LA City RSO. The two buildings I've closed here, in 2012 and 2017, traded at $497K and $865K per unit — numbers that only make sense once you understand this is coastal California real estate, not Valley workforce housing with an ocean view.
Michael Sterman will walk through comparables, buyer pool, and timing specific to your building — no obligation, no pitch.
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