Simon Cowell Acquires $26.9M Singlefamily Property In Malibu
SOLD
$26,995,000
+ 1
California
See Similar DealsSingle Family Residence71,000 SF
Sold 11/13/2018
SOLD
Simon Cowell Acquires $26.9M Singlefamily Property In Malibu
24860 Pacific Coast Highway, Malibu, CA 90265, USA
See Similar DealsSingle Family Residence71,000 SF
Sold 11/13/2018
+ 1
Summary
CALIFORNIA
Asset Type:Single Family Residence
Price Per Square Foot:$380
Total Square Footage:71,000 SF
Transaction Type:Sale
A single-family property located at 24860 Pacific Coast Hwy was recently sold in the Malibu market. The property was sold for a price of $26,995,000. It has a total square footage of 71,000, resulting in a price per square foot of $380.
Summary of transaction details:
- Property Type: Singlefamily
- Transaction Amount: $26,995,000
- Address: 24860 Pacific Coast Hwy
- Market: Malibu
The sale was facilitated by brokers Steven Schaefer, Jay Luchs, Dustin Nicholas, and Mark Williams. Steven Schaefer and Jay Luchs represented the seller, while Dustin Nicholas and Mark Williams represented the buyer. Simon Cowell was the buyer in this transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,439,733.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$95,907.53
Cash-on-Cash Return-1.27%
Monthly Debt Service$127,970.07
Annual Debt Service$1,535,640.87
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