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
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
1.36%
Cash-on-Cash
-0.39%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93