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Foreign Investor Buys Malibu La Costa Beach Nine Oceanfront Lots For $65,000,000
SOLD
$65,000,000
California
See Similar DealsLand
Sold 08/08/2025
SOLD
Foreign Investor Buys Malibu La Costa Beach Nine Oceanfront Lots For $65,000,000
Land
Sold 08/08/2025
Summary
Asset Type:Land
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$3,466,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$230,931.27
Cash-on-Cash Return-1.27%
Monthly Debt Service$308,133.16
Annual Debt Service$3,697,597.94
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