3250 SERRA LLC Acquires Single Family Residence In Malibu From FOREVER MALIBU 1 LLC For $16.55M
SOLD
$16,550,000
California
See Similar DealsSingle Family Residence6,645 SF
Sold 08/14/2020
SOLD
3250 SERRA LLC Acquires Single Family Residence In Malibu From FOREVER MALIBU 1 LLC For $16.55M
3250 Serra Rd
See Similar DealsSingle Family Residence6,645 SF
Sold 08/14/2020
Summary
CALIFORNIA
Asset Type:Single Family Residence
Price Per Square Foot:$2,490
Total Square Footage:6,645 SF
Lot Square Footage:215364 SF
Transaction Type:Sale
The property involved in the transaction is a Single Family Residence located at 3250 Serra Rd in Malibu. The sale price for this asset was $16,550,000.00, and the property encompasses a total area of 6,645 square feet.
Summary of transaction details:
- Property Type: Single Family Residence
- Transaction Amount: $16,550,000.00
- Address: 3250 Serra Rd
- Market: Malibu
- Square Footage: 6,645
- Buyer: 3250 SERRA LLC
- Seller: FOREVER MALIBU 1 LLC
- Broker Representatives: Jordan Rubinstein - Century Park Realty, Sandra Dazzan -
The transaction involved 3250 SERRA LLC as the buyer and FOREVER MALIBU 1 LLC as the seller, with representation from brokers Jordan Rubinstein of Century Park Realty and Sandra Dazzan, although her agency details are not disclosed.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$882,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$58,798.65
Cash-on-Cash Return-1.27%
Monthly Debt Service$78,455.44
Annual Debt Service$941,465.32
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