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27228 Escondido Beach Rd, M...

Linda Tawil Acquires Malibu SFR From Mike & Caroline Cusumano For $14.7M
SOLDSingle Family Residence

Linda Tawil Acquires Malibu SFR From Mike & Caroline Cusumano For $14.7M

27228 Escondido Beach Rd, Malibu, CA, USA

$14,700,000

$3,594/SF

Building Size

4,090 SF

Asset Type

Single Family Residence

Closing

Feb 16, 2021

AI

In a recent transaction, Linda Tawil acquired a single-family home located in Malibu. The property, spanning 4,090 square feet, was sold for a total of $14,700,000, resulting in a price per square foot of $3,594. The deal was facilitated by the brokers Chris Cortazzo from Compass and Branden & Rayni Williams from The Beverly Hills Estates.

Summary of transaction details

  • Property Type: Single-Family Home
  • Sale Price: $14,700,000
  • Square Footage: 4,090
  • Price Per Square Foot: $3,594
  • Market: Malibu

This transaction involved Linda Tawil as the buyer and Mike & Caroline Cusumano as the sellers. The property was represented by Chris Cortazzo from Compass and Branden & Rayni Williams from The Beverly Hills Estates. The deal took place on February 17, 2021.

Players

Chris Cortazzo

Compass

Broker

$650.4M

vol

33 deals

Broker

Linda Tawil

Buyer

$51M

vol

3 deals

Buyer

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

1.08%

Cash-on-Cash

-0.31%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93