Foreign Investor Buys Malibu La Costa Beach Nine Oceanfront Lots For $65,000,000

The asset is land comprising nine oceanfront lots on La Costa Beach in Malibu, sold for $65,000,000 to a foreign investor via agents Weston Littlefield and Alex Howe of Weston James Group.

Summary of transation details:

• Property Type: Land
• Transaction Amount: $65,000,000
• Number of Parcels: 9
• Address: La Costa Beach
• Market: Malibu
• Brokers: Weston Littlefield & Alex Howe - Weston James Group
• Buyer Type: Foreign investor

The deal was facilitated by Weston Littlefield and Alex Howe of Weston James Group, representing the seller. The note indicates the buyer targeted parcels with at least 40 feet of frontage after January’s wildfires and intends to rebuild and resell, anticipating strong demand following coastline redevelopment.