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
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