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

Property Image
SOLD
$20,000,000

California

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Single Family Residence2,700 SF
Sold 12/30/2020
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Property Image
SOLD

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

32504 Pacific Coast Highway, Malibu, CA, USA

See Similar Deals
Single Family Residence2,700 SF
Sold 12/30/2020
the dealplayerscompscontact
Contact now

Summary

CALIFORNIA
Asset Type:Single Family Residence
Price Per Square Foot:$7,407
Total Square Footage:2,700 SF
Transaction Type:Sale

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.

Players

AL
Alec Litowitz
2 deals$20M volume
BUYER

Details

SOLD
IMAGE: Alec Litowitz & Flea DATE: 12/30/2020 MARKET: Malibu ASSET TYPE: SFR BUYER: Alec Litowitz - Magnetar Capital SELLER: Flea AKA Michael Balzary PRICE: $20,000,000 SF: 2,700 ~ ACRES: 2.1

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