Sergey Brin And Nicole Shanahan Acquire Point Dume SFR For $13.5M
SOLD
$13,500,000
California
See Similar DealsMultiFamily6 SF
Sold 06/11/2022
SOLD
Sergey Brin And Nicole Shanahan Acquire Point Dume SFR For $13.5M
Point Dume, Malibu, California, United States
See Similar DealsMultiFamily6 SF
Sold 06/11/2022
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$2,250,000
Total Square Footage:6 SF
Transaction Type:Sale
An SFR property located in Point Dume has been sold for a price of $13,500,000. The property spans over 1.2 acres and has a total square footage of 6,300. The transaction took place on June 11, 2022.
Summary of transaction details
- Property Type: SFR
- Transaction Amount: $13,500,000
- Market: Point Dume
- Acres: 1.2
The buyer of the property was Sergey Brin, co-founder of Google, and Nicole Shanahan, founder of ClearAccessIP. On the other side, the seller was Matthieu Pigasse.
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Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$720,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$47,962.65
Cash-on-Cash Return-1.27%
Monthly Debt Service$63,996.89
Annual Debt Service$767,962.65
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