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Marc Noah & Kyle Dordick Hilton & Hyland Acquires SFR In Malibu For $6.75M

Property Image
SOLD
$6,750,000
Kyle Dordick
Chris Cortazzo
+ 1

California

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Single Family Residence1,620 SF
Sold 03/09/2021
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Property Image
SOLD

Marc Noah & Kyle Dordick Hilton & Hyland Acquires SFR In Malibu For $6.75M

27132 Malibu Cove Colony Drive

See Similar Deals
Single Family Residence1,620 SF
Sold 03/09/2021
Kyle Dordick
Chris Cortazzo
+ 1
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Summary

CALIFORNIA
Asset Type:Single Family Residence
Price Per Square Foot:$4,166
Total Square Footage:1,620 SF
Transaction Type:Sale

Located in the prestigious Malibu market, the single-family home at 27132 Malibu Cove Colony Drive has recently changed ownership. The property, measuring 1,620 square feet, offers an exclusive beachfront living experience to its residents. The transaction took place on March 9, 2021.

Summary of transaction details

Theodore Miller, the seller of the property, enlisted the services of Kevin Augunas and Chris Cortazzo as his representatives in the deal. On the buyer's side, Marc Noah and Kyle Dordick of Hilton & Hyland facilitated the transaction, ensuring a smooth process from start to finish.

Players

Kyle Dordick
8 deals$49.2M volume
BROKER

Chris Cortazzo
Compass
32 deals$631.9M volume
BROKER

Marc Noah
Hilton & Hyland
9 deals$75.4M volume
BROKER

Kevin Augunas
Compass
2 deals$23M volume
BROKER

Details

SOLD
IMAGE: Kyle Dordick @KyleDordick & Marc Noah @Marc_Noah DATE: 03/09/2021 ADDRESS: 27132 Malibu Cove Colony Drive MARKET: Malibu ASSET TYPE: SFR SELLER: Theodore Miller BUYER REP: Marc Noah & Kyle Dordick Hilton & Hyland SELLER REP: Kevin Augunas & Chris Cortazzo ASKING PRICE: $6,750,000 SALE PRICE: $6,750,000 SF: 1,620 ~ PPSF: $4,166

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$360,000.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$23,981.32
Cash-on-Cash Return-1.27%
Monthly Debt Service$31,998.44
Annual Debt Service$383,981.32