Drew Fenton | Malibu Properties

1848 Newell Road | Drew Fenton

1848 Newell Road

Malibu, CA

$75,000

Property Type:
Lots and Land
View:
Park/Greenbelt,Hills,Canyon,Mountain(s)
County:
Los Angeles
Community:
C33 - Malibu
MLS#:
25533585

The listed address of 1848 Newell is based on addresses of nearby developed properties. The County of Los Angeles has confimed the address. The LA County GIS system indicates that the average slope of the lot has a desending slope of 3 feet of vertical for every 1 foot of horizontal towards the north. The previous home on the property was built on stilts. The likely buyer is someone who wants to utilize the the Transfer Development Credit Program to increase the size of a home that exists or they want to build in the Malibu Bowl neighborhood in Corral Cyn. and it is priced accordingly. There are other homes nearby which indicates that this may be developed as a single family home. The owner was told by the county that he would be limited to about 900 Sq. feet of habitable space plus a garage. No plans, approvals, studies or reports exist. The current owners inherited the property over 25 years ago and have decided it is surplus to their needs.

Listing provided courtesy of Paul Grisanti

Fore more information about this property, please contact :

Drew FEnton

office

310.858.5474

mobile

310.560.3777

| email

DREW

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office 310.858.5474 | mobile 310.560.3777 | email DREW