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27132 Malibu Cove Colony Drive

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

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

27132 Malibu Cove Colony Drive

$6,750,000

$4,166/SF

Building Size

1,620 SF

Asset Type

Single Family Residence

Closing

Mar 8, 2021

AI

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

Hilton & Hyland

Broker

$49.2M

vol

8 deals

Broker

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

2.35%

Cash-on-Cash

-0.67%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93