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
- Property Type: Single-Family Home
- Transaction Amount: $6,750,000
- Market: Malibu
- Seller: Theodore Miller
- Buyer Representative: Marc Noah & Kyle Dordick - Hilton & Hyland
- Seller Representative: Kevin Augunas & Chris Cortazzo
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
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