I've been to Malibu Creek several times now. There are a ton of trails, so it's fun for hiking. The camp areas are pretty open and plain, but if you get there early, there are some good ones towards the back. The facilities aren't as bad as some have claimed, they're just not luxurious. All in all, it's a decent place to camp when all the other place close by are booked a year out.
Pros: Close to the city, Lots of hiking trails
Cons: Can get crowded, Plain, open campsites
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