Updated Oct 29, 2024
Sergey Brin And Nicole Shanahan Acquire Point Dume SFR For $13.5M
Point Dume, Malibu, California, United States
$13,500,000
$2,250,000/SF
Building Size
6 SF
Asset Type
MultiFamily
Closing
Jun 11, 2022
About this deal
AI
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.
The multifamily sale at Point Dume, Malibu, California, United States in California sold for $13.5M in 2022. The building is 6 square feet, implying about 2.3M per square foot on the published price. Named participants on the Point Dume, Malibu, California, United States sale are Sergey Brin. This page is the California file for the Point Dume, Malibu, California, United States multifamily sold: pricing, party profiles, and other closed multifamily comps from the same California sit in the Market section below. Filter that local multifamily set by closing date to see what else sold near Point Dume, Malibu, California, United States around 2022. Published consideration for Point Dume, Malibu, California, United States is $13.5M, dated 2022. Cite this Sergey Brin And Nicole Shanahan Acquire Point Dume SFR For $13.5M sale when underwriting similar multifamily product around California.
Players
Market MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Deal FAQ
About $2.3M per square foot on a published $13.5M for 6 square feet (2022).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.18%
Cash-on-Cash
-0.34%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93