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
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