Updated Oct 29, 2024
Ken Moelis Acquires Malibu SFR From Gary Simons For $21.5M
23762 Malibu Road, Malibu, CA, USA
$21,500,000
$4,642/SF
Building Size
4,631 SF
Asset Type
Single Family Residence
Closing
Jan 30, 2021
About this deal
AI
A single-family residential property located in Malibu has been sold in a recent transaction. The property, which has a total square footage of 4,631, was sold for a price of $21,500,000. With a price per square foot of $4,642, it is evident that this property is a valuable asset in the Malibu market.
Summary of transaction details
- Property Type: Single-Family Residential
- Transaction Amount: $21,500,000
The buyer in this transaction was Ken Moelis, representing Moelis & Company. On the other hand, the seller of the property was Gary Simons. The involvement of Ken Moelis, a prominent figure in the financial industry, adds to the significance of this transaction.
Players
Malibu Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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Deal FAQ
About $4.6K per square foot on a published $21.5M for 4,631 square feet (2021).
Browse California single family residence sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.74%
Cash-on-Cash
-0.21%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93