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Vice Media Acquires Serra Retreat SFR In Malibu For $11.7M

Property Image
SOLD
$11,700,000
Santiago Arana
Chris Cortazzo
+ 1

California

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Single Family Residence7,480 SF
Sold 05/26/2020
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Property Image
SOLD

Vice Media Acquires Serra Retreat SFR In Malibu For $11.7M

23111 Mariposa De Oro Street, Malibu, CA, USA

See Similar Deals
Single Family Residence7,480 SF
Sold 05/26/2020
Santiago Arana
Chris Cortazzo
+ 1
Contact now

Summary

CALIFORNIA
Asset Type:Single Family Residence
Price Per Square Foot:$1,564
Total Square Footage:7,480 SF
Transaction Type:Sale

A single-family residential property in Serra Retreat, Malibu has been sold in a recent transaction. The property, spanning approximately 7,480 square feet, was sold for a price of $11,700,000, resulting in a price per square foot of $1,564.

Summary of transaction details

  • Property Type: SFR
  • Transaction Amount: $11,700,000

Shane Smith, the Vice Media founder, acted as the buyer in this transaction. The sellers of the property were Victor Malzoni Jr. and Susan Malzoni. Representing the buyer, Shane Smith, were Chris Cortazzo from Compass and Laura Kalb from Hilton & Hyland. Santiago Arana from The Agency represented the sellers, Victor Malzoni Jr. and Susan Malzoni.

Players

Chris Cortazzo
32 deals$631.9M volume
BROKER

Santiago Arana
The Agency
18 deals$322.1M volume
BROKER

Laura Kalb
Hilton & Hyland
2 deals$13.5M volume
BROKER

Details

SOLD
IMAGE: Chris Cortazzo, Shane Smith, Santiago Arana & Laura Kalb DATE: 05/26/2021 MARKET: Serra Retreat, Malibu ASSET TYPE: SFR BUYER: Shane Smith - Vice Media SELLER: Victor Malzoni Jr. & Susan Malzoni BROKERS: Chris Cortazzo - Compass & Laura Kalb - Hilton & Hyland;Santiago Arana - The Agency SALE PRICE: $11,700,000 SF: 7,480 ~ PPSF: $1,564

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$624,000.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$41,567.63
Cash-on-Cash Return-1.27%
Monthly Debt Service$55,463.97
Annual Debt Service$665,567.63