22227 Pacific Coast Hwy

Carbon Beach Bungalows is a rare, permitted short-term rental and retail investment on one of California’s most coveted coastlines — Malibu’s

Carbon Beach, widely known as “Billionaire’s Beach.” The property offers an investor a diversified income stream combining six fully permitted

STR bungalows, two retail/office tenants under long-term leases, and a spa operation, all within a recently renovated ±8,125 SF mixed-use

complex on ±10,743 SF of fee-simple land.

The asset benefits from an active City of Malibu Annual Short-Term Rental Permit (STR26-0014, valid through February 19, 2027) — an increasingly

scarce entitlement that is extremely difficult to obtain in Malibu’s highly regulated coastal environment. This permit alone represents significant

embedded value for any acquirer.

KEY INVESTMENT HIGHLIGHTS 

• Prime Malibu beachfront location on Pacific Coast Highway — Carbon Beach (“Billionaire’s Beach”)

• Active City of Malibu Short-Term Rental Permit for 6 units (STR26-0014) — valid through Feb 2027

• Diversified income: 5 STR bungalows + 1 long-term residential unit + 2 retail/office leases + spa

• ±8,125 SF building on ±10,743 SF land — recently renovated (2019), originally built 1955

• In-place NOI of $473,399.73 at a 5.0% cap rate; proforma NOI of $635,449.08 at 6.7% cap rate

• 12 surface parking spaces — extremely valuable in Malibu’s parking-constrained environment

• LCC2 (Community Commercial) zoning — supports retail, office, and residential uses

• Fee simple ownership — no ground lease encumbrances

• Neighboring flagship retail district anchored by Whole Foods, Blue Bottle, Erewhon corridor