facebook

traded

+ Submit
Home

/

Deals

/

California

/

Single Family Residence

/

Sale

/

23111 Mariposa De Oro Stree...

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

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

23111 Mariposa De Oro Street, Malibu, CA, USA

$11,700,000

$1,564/SF

Building Size

7,480 SF

Asset Type

Single Family Residence

Closing

May 26, 2020

AI

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

Compass

Broker

$650.4M

vol

33 deals

Broker

Shane Smith

Vice Media

Buyer

$60.4M

vol

2 deals

Buyer

Malibu Single Family Residence Market Snapshot

Boundary boundary · Single Family Residence · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.36%

Cash-on-Cash

-0.39%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93