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
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.
Players
Market MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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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