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
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