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22514 Pacific Coast Highway...

Don Hankey Acquires SFR On Carbon Beach For $20.8M
SOLDSingle Family Residence

Don Hankey Acquires SFR On Carbon Beach For $20.8M

22514 Pacific Coast Highway, Malibu, CA, USA

$20,800,000

$2,141/SF

Building Size

9,715 SF

Asset Type

Single Family Residence

Closing

May 23, 2020

AI

A property in Carbon Beach, located at 22514 Pacific Coast Highway, has been sold for a price of $20,800,000. This single-family residence (SFR) spans approximately 9,715 square feet, resulting in a price per square foot of $2,141. The transaction took place on May 23, 2021.

Summary of transaction details:

  • Property Type: SFR
  • Transaction Amount: $20,800,000
  • Address: 22514 Pacific Coast Highway
  • Market: Carbon Beach
  • Square Footage: 9,715
  • Price per Square Foot: $2,141

Don Hankey was the buyer in this transaction. Representing the buyer were Mark S. Gruskin from Westside Estate Agency, Chris Cortazzo from Compass, and Sandro Dazzan from The Agency.

Players

Chris Cortazzo

Compass

Broker

$650.4M

vol

33 deals

Broker
Don Hankey

Don Hankey

Buyer

$143.5M

vol

5 deals

Buyer

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

0.76%

Cash-on-Cash

-0.22%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93