Richard Kim Acquires Mixed-Use Property In Malibu For $3.25M With Marcus & Millichap As Brokers

The mixed-use property located at 28925 Pacific Coast Highway in Malibu has been sold for $3,250,000. The property spans over 7,953 square feet, resulting in a price per square foot of $409.

Summary of transaction details

• Property Type: Mixed-use
• Transaction Amount: $3,250,000
• Address: 28925 Pacific Coast Highway, Malibu
• Market: Malibu

The buyer of this property is Richard Kim, while Karl Reinecker acted as the seller. The transaction was facilitated by Marcus & Millichap, with Brandon Michaels, Matthew Luchs, Steven Schechter, and Brett Sanson serving as the brokers.