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Sandra Bullock Acquires Malibu SFR For $16.5M With Brokers Mike Cunningham, Aron Kelman, Tom Clements & Alan Long

Property Image
SOLD
$16,500,000
Tom Clements
Mike Cunningham
Alan Long
+ 2

California

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Single Family Residence7,848 SF
Sold 03/23/2021
the dealplayerscompscontact
Property Image
SOLD

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

See Similar Deals
Single Family Residence7,848 SF
Sold 03/23/2021
Tom Clements
Mike Cunningham
Alan Long
+ 2
the dealplayerscompscontact
Contact now

Summary

CALIFORNIA
Asset Type:Single Family Residence
Price Per Square Foot:$2,102
Total Square Footage:7,848 SF
Transaction Type:Sale

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

Mike Cunningham
Pinnacle Estate Properties
Mike Cunningham
2 deals$45M volume
BROKER
AK
Aron Kelman
1 deal$16.5M volume
BROKER
Tom Clements
Sotheby's International Realty
Tom Clements
1 deal$16.5M volume
BROKER
Alan Long
Alan Long
5 deals$65.8M volume
BROKER
SB
Sandra Bullock
4 deals$30.7M volume
BUYER

Details

SOLD
IMAGE: Tom Clements, Sandra Bullock & Mike Cunningham DATE: 03/23/2021 MARKET: Malibu ASSET TYPE: SFR BUYER: Sandra Bullock BROKERS: Mike Cunningham - Pinnacle Estate Properties; Aron Kelman - Kam Realty Enterprises; Tom Clements & Alan Long - Sotheby’s International Realty SALE PRICE: $16,500,000 SF: 7,848 ~ PPSF: $2,102

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

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