Updated Aug 11, 2025
Building Size
—
Asset Type
Land
Closing
Aug 8, 2025
About this deal
AI
The asset is land comprising nine oceanfront lots on La Costa Beach in Malibu, sold for $65,000,000 to a foreign investor via agents Weston Littlefield and Alex Howe of Weston James Group.
Summary of transation details:
- Property Type: Land
- Transaction Amount: $65,000,000
- Number of Parcels: 9
- Address: La Costa Beach
- Market: Malibu
- Brokers: Weston Littlefield & Alex Howe - Weston James Group
- Buyer Type: Foreign investor
The deal was facilitated by Weston Littlefield and Alex Howe of Weston James Group, representing the seller. The note indicates the buyer targeted parcels with at least 40 feet of frontage after January’s wildfires and intends to rebuild and resell, anticipating strong demand following coastline redevelopment.
Players
Market Land Market Snapshot
Boundary boundary · Land · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.24%
Cash-on-Cash
-0.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93