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31661 Sea Level Drive, Mali...

Kevin Booker & Sasha Kaplan Acquire Malibu SFR For $5.2M
SOLDSingle Family Residence

Kevin Booker & Sasha Kaplan Acquire Malibu SFR For $5.2M

31661 Sea Level Drive, Malibu, CA 90265

$5,224,000

$2,202/SF

Building Size

2,372 SF

Asset Type

Single Family Residence

Closing

May 19, 2020

AI

The recently closed property transaction in Malibu involved the sale of a single-family residence (SFR) located at 31661 Sea Level Dr. The property, spanning 2,372 square feet, was sold by the JM Trust. The buyer's representative in the deal was Kevin Booker from WEA, while the sellers were represented by Sasha Kaplan from Sasha Kaplan Estates and Emma Murphy from Coldwell Banker. The asking price for the property was $5,649,000, and it was ultimately sold for $5,224,000, resulting in a price per square foot of $2,202.

Summary of transaction details:

  • Property Type: Single Family Residence (SFR)
  • Transaction Amount: $5,224,000
  • Address: 31661 Sea Level Dr., Malibu
  • Market: Malibu
  • Buyer's Representative: Kevin Booker - WEA
  • Seller's Representatives: Sasha Kaplan - Sasha Kaplan Estates, Emma Murphy - Coldwell Banker

The sale of this property was facilitated by Kevin Booker from WEA, who represented the buyer's interests. Sasha Kaplan from Sasha Kaplan Estates and Emma Murphy from Coldwell Banker represented the sellers. The transaction highlights the involvement of these individuals and companies in the successful completion of the deal.

Players

Kevin Booker

Carolwood Estates

Broker

$131.7M

vol

7 deals

Broker

Malibu Single Family Residence Market Snapshot

Boundary boundary · Single Family Residence · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

3.04%

Cash-on-Cash

-0.87%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93