Don Hankey Acquires SFR On Carbon Beach For $20.8M
SOLD
California
See Similar DealsSingle Family Residence9,715 SF
Sold 05/23/2020
SOLD
Don Hankey Acquires SFR On Carbon Beach For $20.8M
22514 Pacific Coast Highway, Malibu, CA, USA
See Similar DealsSingle Family Residence9,715 SF
Sold 05/23/2020
Summary
CALIFORNIA
Asset Type:Single Family Residence
Price Per Square Foot:$2,141
Total Square Footage:9,715 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,109,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$73,898.01
Cash-on-Cash Return-1.27%
Monthly Debt Service$98,602.61
Annual Debt Service$1,183,231.34
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