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Mark Attanasio's Broad Beach Road Malibu SFR Under Contract For $25M

Property Image
SOLD
$25,000,000

California

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Single Family Residence3,330 SF
Sold 07/26/2023
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Property Image
SOLD

Mark Attanasio's Broad Beach Road Malibu SFR Under Contract For $25M

31202 Broad Beach Rd Malibu, Ca 90265, Usa

See Similar Deals
Single Family Residence3,330 SF
Sold 07/26/2023
the dealplayerscompscontact
Contact now

Summary

CALIFORNIA
Asset Type:Single Family Residence
Price Per Square Foot:$7,507
Total Square Footage:3,330 SF
Transaction Type:Sale

The under-contract sale of Mark Attanasio's Malibu beachfront mansion is making waves in the market. The stunning property, located at 31202 Broad Beach Road, offers breathtaking ocean views and spans 3,330 square feet. The home features a chef's kitchen, a spa deck, and charming gardens, making it the perfect oasis for relaxation and entertainment.

Summary of transaction details:

  • Property Type: Single-Family Residence (SFR)
  • Transaction Amount: $25,000,000
  • Address: 31202 Broad Beach Road, Malibu
  • Market: Malibu

Handling this prestigious deal is Ari Passy Attanasio, a representative from Sotheby’s International Realty. In 2017, Attanasio purchased the property for $6.6 million, showcasing the immense appreciation of this luxurious asset. With its prime location and exquisite features, it's no wonder the property has attracted significant attention in the real estate market.

Players

Ari Passy Attanasio
Sotheby's International Realty
Ari Passy Attanasio
2 deals$48.6M volume(310) 926-7078
BROKER

Details

SOLD
IMAGE: CONTRACT IMAGE: Ari Passy Attanasio DATE: 07/26/2023 ADDRESS: 31202 Broad Beach Road MARKET: Malibu ASSET TYPE: SFR SELLER: Mark Attanasio BROKER: Ari Passy Attanasio - Sotheby’s International Realty (@SothebysRealty) PRICE: $25,000,000 SF: 3,330 ~ PPSF: $7,508 NOTE: Milwaukee Brewers owner Mark Attanasio's Malibu beachfront mansion is under contract for sale at $25 million, having been purchased for $6.6 million in 2017. The 3,330-square-foot home on Broad Beach Road offers beautiful ocean views and boasts a chef's kitchen, spa deck, and charming gardens.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$1,333,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$88,819.73
Cash-on-Cash Return-1.27%
Monthly Debt Service$118,512.75
Annual Debt Service$1,422,153.05