Updated Dec 21, 2023
Basya Gradon Of Compass Leases Malibu SFR For $200K/month With Asking Rent Of $240/ft
24834 Pacific Coast Highway, Malibu, California 90265, United States
Building Size
10,000 SF
Asset Type
Single Family Residence
Closing
Jan 16, 2022
About this deal
AI
An SFR located at 24834 Pacific Coast Hwy was recently leased in Malibu. The property spans approximately 10,000 square feet and was listed for an asking rent of $240 per square foot. The lease was facilitated by Basya Gradon from Compass.
Summary of transaction details:
- Property Type: SFR
- Address: 24834 Pacific Coast Hwy
- Market: Malibu
- Asking Rent: $240 per square foot
- List Price: $200,000/month
- Broker: Basya Gradon - Compass
Basya Gradon from Compass played a crucial role in brokering the lease of this property in Malibu. The successful transaction highlights the expertise and professionalism of Basya Gradon and the effectiveness of Compass in facilitating real estate deals.
Players
Malibu Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93