Updated Sep 9, 2024
Ando Hacopian Acquires SFR In Malibu From Kevin Garnett For $16M
27715 Pacific Coast Highway, Malibu, CA 90265
$16,000,000
$1,454/SF
Building Size
11,000 SF
Asset Type
Single Family Residence
Closing
Jun 30, 2020
About this deal
AI
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.
On the Map
$16,000,000
$1,454/SF
Single Family Residence
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Players
Malibu Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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Deal FAQ
About $1.5K per square foot on a published $16M for 11,000 square feet (2020).
Visit Jonathan (Jonny) Perez to view all their deals.
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.99%
Cash-on-Cash
-0.28%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93