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Sergey Brin And Nicole Shanahan Acquire Point Dume SFR For $13.5M

Property Image
SOLD
$13,500,000

California

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MultiFamily6 SF
Sold 06/11/2022
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Property Image
SOLD

Sergey Brin And Nicole Shanahan Acquire Point Dume SFR For $13.5M

Point Dume, Malibu, California, United States

See Similar Deals
MultiFamily6 SF
Sold 06/11/2022
Contact now

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.

Players

SB
5 deals$155.5M volume
BUYER

Details

SOLD
IMAGE: Sergey Brin DATE: 06/11/2022 MARKET: Point Dume ASSET TYPE: SFR ~ ACRES: 1.2 BUYER: Sergey Brin - @google & Nicole Shanahan - ClearAccessIP SELLER: Matthieu Pigasse SALE PRICE: $13,500,000 SF: 6,300 ~ PPSF: $2,142

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Deal Type
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