Updated Sep 9, 2024
Broad Family Sells Malibu SFR On Pacific Coast Highway For $52M
21958 Pacific Coast Highway, Malibu, CA, USA
$52,000,000
$9,676/SF
Building Size
5,374 SF
Asset Type
Single Family Residence
Closing
Jun 29, 2020
About this deal
AI
The Eli Broad estate in Malibu has been sold for a staggering $52,000,000. The property, located at 21958 Pacific Coast Highway, is a Single Family Residence (SFR) with a total area of 5,374 square feet. This translates to a price per square foot of $9,676. With its prime location in the prestigious market of Malibu, the estate offers luxurious living at its finest.
Summary of transaction details
- Property Type: SFR
- Transaction Amount: $52,000,000
- Date: 06/29/2021
- Address: 21958 Pacific Coast Highway, Malibu
In this high-profile sale, the Broad Family served as the seller. Representing the buyer were Branden & Rayni Williams from The Beverly Hills Estates. The seller was represented by Chris Cortazo from Compass. The involvement of these renowned individuals and agencies showcases the significance and prestige surrounding this transaction.
Players
Malibu Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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Deal FAQ
About $9.7K per square foot on a published $52M for 5,374 square feet (2020).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.31%
Cash-on-Cash
-0.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93