Updated Sep 9, 2024
Michael Fahimian & Jack Harris Sell Malibu SFR On Pacific Coast Hwy For $8.3M
21310 Pacific Coast Hwy, Malibu, CA, USA
$8,365,000
$2,788/SF
Building Size
3,000 SF
Asset Type
Single Family Residence
Closing
Jun 3, 2020
About this deal
AI
A single-family residential property located at 21310 Pacific Coast Hwy in Malibu was recently sold. The property features a total area of 3,000 square feet and is situated in the picturesque beachside market of Malibu. The transaction was facilitated by brokers Michael Fahimian and Jack Harris.
Summary of transaction details
- Property Type: SFR
- Transaction Amount: $8,365,000
- Asking Price: $8,650,000
- Price per Square Foot: $2,788
The property was listed with an asking price of $8,650,000 and was eventually sold for $8,365,000. With a total area of 3,000 square feet, the sale price translates to a price per square foot of $2,788. The transaction was successfully negotiated by brokers Michael Fahimian and Jack Harris.
Players
Malibu Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.90%
Cash-on-Cash
-0.54%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93