Updated Oct 29, 2024
Jan Koum Acquires Paradise Cove, Malibu SFR From Diana Jenkins & Roger Jenkins For $87M
27560 Pacific Coast Highway, Malibu, CA, USA
$87,000,000
$670/SF
Building Size
129,808 SF
Asset Type
Single Family Residence
Closing
Feb 18, 2021
About this deal
AI
Located in the picturesque Paradise Cove of Malibu, this single-family residence was recently sold in a closed transaction. The property, spanning a generous lot size of 129,808 square feet, boasts stunning features and a prime location within this highly sought-after market. The transaction took place on February 19, 2021, and involved prominent figures in the tech industry.
Summary of transaction details
- Property Type: Single-Family Residence (SFR)
- Sale Price: $87,000,000
- Lot Size: 129,808 square feet
Jan Koum, the co-founder of WhatsApp, emerged as the buyer in this transaction. Representing the seller were Diana Jenkins and Roger Jenkins. With their wealth of experience in the real estate industry, they facilitated a successful sale. The deal signifies the continued interest of influential individuals in the Paradise Cove market, highlighting its desirability and investment potential.
Players
Malibu Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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Deal FAQ
About $670 per square foot on a published $87M for 129,808 square feet (2021).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.18%
Cash-on-Cash
-0.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93