FORECLOSED MALIBU MANSION LISTED FOR $16. 5 MM
In Los Angeles County, California, there is a Malibu Mansion for sale, 4 bedrooms, 3 baths on 1.6 acres on the Encinal Bluffs. It offers panoramic ocean and coastline views. UP for auction on Oct 7th, no estimated bid or opening bid was available from the trustee, nor was a confirmation of sale date provided. Current owner took out a 30-year fixed rate loan in September 2007 for $13MM, when the owner purchased the property. It is on Pacific Coast Highway.