Prime investment opportunity on a prominent corner lot near Mill Street and Pershing. This four-unit property offers exceptional upside for an investor, developer, or owner-user seeking a high-visibility location with flexible future potential. Originally configured as four individual 1-bedroom, 1-bathroom units with open living areas, the building has been taken down to the studs/shell and is ready for a complete reimagining. The property has been vacant for several years, presenting a rare opportunity to restore the original residential layout or transition to commercial use, subject to zoning, approvals, and buyer due diligence. Surrounded by residential properties on one side and commercial uses on the other, this location offers strong redevelopment potential. Ample on-site parking adds convenience for future tenants, customers, or visitors. Access is limited due to the current condition. Bring your vision and unlock the possibilities of this strategically located corner-lot property.

Based on information submitted to CRMLS as of August 25, 2026 12:52 PM UTC . All data is deemed reliable but is not guaranteed accurate by the MLS. All information should be independently reviewed and verified for accuracy. IDX information is provided exclusively for consumers’ personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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Property Details of 490 S Pershing Avenue

Property Details

Basic Information

Building

Location

Interior Features

Laundry

Other

Utilities and Appliances

Utilities and Appliances

Map Location

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Hi there! How can we help you?

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Luxury Malibu Property | Pinnacle Estate Properties Malibu