Updated Nov 20, 2023
Simon Cowell Acquires $26.9M Singlefamily Property In Malibu
24860 Pacific Coast Highway, Malibu, CA 90265, USA
$26,995,000
$380/SF
Building Size
71,000 SF
Asset Type
Single Family Residence
Closing
Nov 12, 2018
About this deal
AI
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.
Players
Malibu Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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Deal FAQ
About $380 per square foot on a published $27M for 71,000 square feet (2018).
Visit Marc Williams to view all their deals.
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.59%
Cash-on-Cash
-0.17%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93