Yes, you can!
Currently, there are 7 condos on the market under $500,000. Mostly 2 bedrooms, but there is a 3 bedroom short sale priced at $350,000.
You may want to consider the HOA fees "Home Owners Association fees" that are paid monthly in addition to your mortgage amount. For these 7 units the HOA fees range from $550- $950/month depending on the complex and unit.
To see the current Malibu Condo Listings (updated every 2 hours) use this link: http://www.berlynproperties.com/properties/malibu_condos.htm
I am happy to help you with any other questions regarding Malibu condos... or surrounding areas: Calabasas, Santa Monica, Pacific Palisades, or Agoura.
Pritchett-Rapf & Assoc.
Call me if you want to see them.
Brian Goldberg, Realtor®
Broker Associate Malibu Colony
International Diamond Society
Coldwell Banker Previews International
23676 Malibu Road
Malibu, CA 90265
P: (310) 403-4623
F: (310) 356-4901
Lots of students who go to Pepperdine University have generous parents. :)
So act quick if you find one!
Should you need representation feel free to reach out to me directly
Berkshire Hathaway HomeServices California Properties
You sure can. Not only can you find a condo in Malibu for less than $500,000, you can find one with ocean views! I have a great one coming on the market soon with ocean views that will be listed around $450K and at the height of the market were trading around $800K. Also, a great investment as the unit gets high rents.
Feel free contact me if you would like to know more:
Keller Williams Realty