Updated Dec 19, 2023
Tim Barash Acquires Malibu SFR From Haidar Barbouti For $16.1M
29042 Cliffside Dr, Malibu, CA, USA
$16,100,000
$2,384/SF
Building Size
6,753 SF
Asset Type
Single Family Residence
Closing
Aug 26, 2021
About this deal
AI
A single-family residence located at 29042 Cliffside Dr. in Malibu was recently sold in a transaction that closed on August 26, 2021. The property was sold for a total of $16,100,000.
Summary of transaction details:
- Property Type: Single-Family Residence
- Transaction Amount: $16,100,000
- Address: 29042 Cliffside Dr., Malibu
- Market: Malibu
In this transaction, the buyer was Tim Barash, while the seller was Haidar Barbouti. The sale was facilitated by brokers Fredrik Eklund and Sean Landon. Notably, Fredrik Eklund and Sean Landon represented the seller in the land sale, which included partial permits. Sean Landon also represented the buyer in this deal.
Players
Malibu Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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Deal FAQ
About $2.4K per square foot on a published $16.1M for 6,753 square feet (2021).
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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