Ando Hacopian Acquires SFR In Malibu From Kevin Garnett For $16M

A mid-construction development deal has taken place in Malibu, specifically at 27715 Pacific Coast Highway. The property in question is a single-family residence with an impressive size of 11,000 square feet. The asset has been sold by former NBA player Kevin Garnett, with the transaction taking place on June 30, 2021. The buyer of this property is Ando Hacopian.

Summary of transaction details

• Property Type: Single Family Residence
• Transaction Amount: $16,000,000
• Address: 27715 Pacific Coast Highway, Malibu
• Market: Malibu

The sale of this property was facilitated by brokers Griffin Ruderman and Jonathan Perez, representing Oakbrook Realty. It should be noted that the property was listed with an asking price of $19,900,000 but ultimately sold for $16,000,000. This translates to a price per square foot of $1,454.

This transaction marks a significant milestone in the real estate market in Malibu, showcasing the demand for luxurious properties in the area. The involvement of notable individuals, such as Kevin Garnett and Ando Hacopian, adds further prestige to the deal.