Sandra Bullock Acquires Malibu SFR For $16.5M With Brokers Mike Cunningham, Aron Kelman, Tom Clements & Alan Long
27070 Malibu Cove Colony Drive, Malibu, CA, USA
$16,500,000
$2,102/SF
Building Size
7,848 SF
Asset Type
Single Family Residence
Closing
Mar 22, 2021
AI
A waterfront single-family home located in Malibu has been recently sold for a staggering $16,500,000. The property spans across 7,848 square feet, resulting in a price per square foot of $2,102. This stunning residence offers luxurious living spaces and breathtaking views, making it a highly sought-after asset in the Malibu market.
Summary of transaction details
- Property Type: SFR
- Transaction Amount: $16,500,000
- Square Footage: 7,848
- Price Per Square Foot: $2,102
Sandra Bullock, the renowned actress, acquired this beautiful property in Malibu. Represented by Mike Cunningham from Pinnacle Estate Properties, Sandra secured this waterfront estate for her personal use. The deal was facilitated by brokers Aron Kelman from Kam Realty Enterprises, as well as Tom Clements and Alan Long from Sotheby's International Realty, ensuring a smooth transaction for all parties involved in the sale.
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
0.96%
Cash-on-Cash
-0.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93