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Malibu’s Booming Summer Rental Market

April 13th, 2016 | by: Steve Pollack | Posted in : Luxury, Real Estate News

When you have deep pockets and you want to summer in Los Angeles you need to look no further than PCH. Malibu, more precisely, is considered the “West Coast Hamptons” with summer beach rentals up to $750,000 a month! But even if you have the deepest of pockets, the competition is fierce so don’t wait too long to book your piece of paradise this summer.

Malibu rental market is so hot that owners of homes refuse high price offers because renting in the summer is so incredibly lucrative.  Because many high rollers want to visit Los Angeles or the West Coast for a month or two in the summer and there are only so many beach homes with privacy, demand is high. Since Malibu is only about an hour to Beverly Hills and other desirable parts of Los Angeles it is a must get-away location for the rich and famous. 

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