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Weston James Group And Aaron Kirman Group Sell Malibu SFR For $5.5M

Property Image
SOLD
$5,500,000

California

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Single Family Residence2,975 SF
Sold 04/14/2021
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Property Image
SOLD

Weston James Group And Aaron Kirman Group Sell Malibu SFR For $5.5M

31833 W Sea Level Dr, Malibu, CA, USA

See Similar Deals
Single Family Residence2,975 SF
Sold 04/14/2021
Contact now

Summary

CALIFORNIA
Asset Type:Single Family Residence
Price Per Square Foot:$1,848
Total Square Footage:2,975 SF
Transaction Type:Sale

Located in Malibu, this single-family residential property at 31833 W. Sea Level Dr. recently changed hands in a sale transaction. The deal, facilitated by brokers Weston Littlefield and Aaron Kirman from Weston James.Group and AaronKirman.Group respectively, along with Victoria Hill from Sotheby's International, closed on 04/14/2021.

Summary of Transaction Details

  • Property Type: SFR
  • Transaction Amount: $5,500,000
  • Square Footage: 2,975 SF
  • Price per Square Foot: $1,848
  • Market: Malibu

This sale transaction involved a picturesque SFR property located at 31833 W. Sea Level Dr. in Malibu. Spanning across a total of 2,975 square feet, the property was sold for a price of $5,500,000, with a price per square foot of $1,848. Brokers Weston Littlefield from WestonJames.Group and Aaron Kirman from AaronKirman.Group, along with Victoria Hill from Sotheby's International, played a pivotal role in facilitating the deal.

Players

Aaron Kirman
43 deals$900.5M volume(310) 994-9512
BROKER

Weston Littlefield
Compass
13 deals$195.7M volume
BROKER

Victoria Hill
Sotheby's International Realty
1 deal$5.5M volume
BROKER

Details

SOLD
IMAGE: 04/14/2021 ADDRESS: 31833 W. Sea Level Dr. MARKET: Malibu ASSET TYPE: SFR BROKERS: Weston Littlefield @WestonJames.Group & Aaron Kirman - @AaronKirman.Group, Victoria Hill - Sotheby’s International SALE PRICE: $5,500,000 SF: 2,975 ~ PPSF: $1,848

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

$293,333.33

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$19,540.35
Cash-on-Cash Return-1.27%
Monthly Debt Service$26,072.81
Annual Debt Service$312,873.67