Alec Litowitz Of Magnetar Capital Acquires Malibu SFR From Flea For $20M

Alec Litowitz, the founder of Magnetar Capital, has purchased a stunning single-family residence (SFR) in Malibu, California. The property, spanning approximately 2,700 square feet and situated on 2.1 acres of land, was sold by Michael Balzary, also known as Flea. The sale took place on December 30, 2020, for a price of $20,000,000.

Summary of transaction details:

• Property Type: Single-Family Residence
• Transaction Amount: $20,000,000
• Market: Malibu

Alec Litowitz, representing Magnetar Capital, acted as the buyer in this transaction, while Flea served as the seller. This acquisition marks an exciting venture for Litowitz and showcases the appeal of Malibu's real estate market.