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$200K 1st TD Rocket River Ranch $350K First TD Malibu Ca 290 Lear Ave, 29 Palms

Ten-Acres Vacant Land
Malibu, California
Unincorporated area of Los Angeles County

         Malibu 10-acres Vacant Land 
             $350,000.00 First Trust Deed for Sale
          (Seasoned $350K TD since February 23, 2001) 
    12% Interest Only Monthly Payments at $3,500.00
               Maturity date of $350K is March 9, 20
10 acres,Unincorporated Area of Los Angeles County, CA

The existing $200K Trust Deed will subordinate, placing the existing $350K into first position  or investor may purchase both the first and second  trust deeds, for a total of $550K, to gain control of the property.

Address:  On cul-de-sac of Coal Canyon Rd.
Enter from Pacific Coast Hwy off Los Flores Canyon.
                           (For more specific directions,
                    call or email Dez at contact info below)

            Unincorporated area of 
                               Los Angeles County         

Property Value:       Currently listed at  $2,250,000.00 

Loan to Value:         Approx 9% on the $350K First TD
                               or 25% if investor buys both $350 First
(by Subordination) and the $200 Second TD by subordination), (Maturity date is 3/9/09. 
Existing Trust Deed Info:
Presently, there is a $500K Third TD that will remain on the property. And a $1.2M Fourth TD that is being syndicated to build an approx. 6,000 square foot custom home. Property owner recently paid $45,000 in back property taxes.

Property Description:

Ten gorgeous acres overlooking the beautiful Pacific Ocean in the exclusive unincorporated Malibu area.

Ten million dollar view! (See recent photo above!)

Hilly terrain, great for hiking. Abundant privacy. Custom home, with tennis court, pool, guest house, etc. can be built on this acreage
Location Description:
Located on the cul-de-sac ending at Coal Canyon Road. Enter from Pacific Coast Highway, north on Los Flores Canyon Road. Email request for detailed map and directions, plus additional photos and legal documents. 

For further information, please contact:

               Dez at (951) 283-0557 
         Email: Ten4LasVegas@yahoo.com