A singular opportunity to own a piece of treasured California coastline. This quiet off-highway oceanfront property offers apx. 50 ft of sandy beachfront & a nonstop ocean panorama from Point Dume to the Palos Verdes peninsula. Four rental units - two two-bdrm oceanfront units, & two set back one-bdrm units - all have private entrances & sensational ocean views. Contemporary design for beach living features high wood ceilings w/exposed beams, view decks, wood floors, cook's kitchens, & an open-plan layout w/plenty of light. The two-bdrm units each w/wood-burning FP & skylights. An outside stairway leads down to the wide sandy beach/a shower & add'l storage space beneath. This is a highly desirable income property w/future potential as a spectacular single family home or a large owner-user unit with one or two rentals or guest accommodations. In any configuration, this is one of Malibu's most appealing locations. "Long term rent roll: $45,000; Short term rent roll: $58,000 (per owner)."