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21848 Pacific Coast Highway...

Michael Fahimian & Jack Harris Sell Malibu SFR For $14.25M
SOLDSingle Family Residence

Michael Fahimian & Jack Harris Sell Malibu SFR For $14.25M

21848 Pacific Coast Highway, Malibu, California 90265, United States

$14,250,000

$4,724/SF

Building Size

3,016 SF

Asset Type

Single Family Residence

Closing

Apr 3, 2022

AI

A stunning SFR property located at 21848 Pacific Coast Hwy in Malibu was recently sold for a significant amount of $14,250,000. Spanning across 3,016 square feet, this property offers luxurious living spaces in a prime location. With a price per square foot of $4,724, it's clear that this property exudes elegance and opulence.

Summary of transaction details

  • Property Type: SFR
  • Transaction Amount: $14,250,000
  • Address: 21848 Pacific Coast Hwy
  • Market: Malibu
  • Square Footage: 3,016

In this closed property transaction, the deal was facilitated by Jack Harris and Michael Fahimian from FEstates. Their expertise and knowledge of the market played a crucial role in securing a successful sale. The collaboration between these two brokers ensured a seamless and efficient process, resulting in a favorable outcome for all parties involved.

Players

Michael Fahimian

Broker

$332.4M

vol

24 deals

Broker

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

1.11%

Cash-on-Cash

-0.32%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93