Malibu Apartments — Sale in Pompano Beach, FL
- Price: Contact for price
- Listing type: For sale
- Asset type: Multifamily Property
- Location: Pompano Beach, FL 33062
Photos
Investment Figures
- Cap rate
- 4.30%
Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.
Description
The Malibu Apartments is a 14-unit apartment building located in Pompano Beach on SE 12th Street, east of A1A and about a block from the beach and Atlantic Ocean. The property has been very well maintained and consists of 12 one-bedroom/one-bathroom units with about 655 SF and two two-bedroom/one bathroom units with about 830 SF. The units have central air-conditioning and heat, many of which have been changed recently. Water, sewer and trash removal are included in the rent. The property was built in 1971 and sits on a .31 acre site. The property is in an excellent location on the barrier island in Pompano Beach walking distance to the beach and between Atlantic Boulevard and Lauderdale by the Sea, east of the Intracoastal Waterway. The area is made up of low-density residential buildings, low rise condominiums and single-family homes with hotels, resorts and high-rise condominiums along A1A. The neighborhood is a very sought after area, attracting a wide range of residents who are drawn to the area because of its close proximity to the Atlantic Ocean. An investor has the opportunity to acquire a very well-maintained apartment building with the ability to increase the rental income. The Malibu Apartments is priced at $3,650,000 which comes to $260,714 a unit and $383 per SF. Investment Highlights: • Excellent location, one block from the ocean • Close to both entertainment areas of Lauderdale by the Sea and Pompano Pier • Just west of A1A • Very clean, well-maintained building • Central air-conditioning and heat • Updated kitchens and bathrooms • Onsite laundry rooms and parking
Market Context
This multifamily in Pompano Beach, FL is listed for sale. It is offered at an approximate 4.3% capitalization rate, a key benchmark for income-producing multifamily assets. Compare it against other multifamily listings for sale in Pompano Beach, FL — view the full market.
As of Q4 2025, the Fort Lauderdale multifamily market showed a 5.1% vacancy rate, and average asking rents near $2414.00/unit/mo. Source: multiple brokerage reports, Q4 2025.
Tight vacancy keeps competition for quality space elevated.
Multifamily market FAQ
- Is the Fort Lauderdale multifamily market tightening or softening?
- Vacancy is around 5.1% (Q4 2025).
Contact
- Felipe Echarte · (954) 245-3444 · felipe.echarte@marcusmillichap.com
- Evan Kristol · (954) 245-3459 · evan.kristol@marcusmillichap.com
- Austin Michels · (954) 245-3439 · austin.michels@marcusmillichap.com
Explore this market
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