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3803 Castlerock Road

Andrew Beyer Of Douglas Elliman Acquires Malibu SFR For $2.7M
SOLDSingle Family Residence

Andrew Beyer Of Douglas Elliman Acquires Malibu SFR For $2.7M

$2,700,000

$293/SF

Building Size

9,213 SF

Asset Type

Single Family Residence

Closing

Feb 21, 2023

AI

A Single Family Residence (SFR) in Malibu has been sold for a price of $2,700,000. With a total square footage of 1,924, the property was sold at a price per square foot of $1,403. The lot size of the property is 9,213 square feet, resulting in a price per lot square foot of $293.

Summary of transaction details

  • Property Type: SFR
  • Transaction Amount: $2,700,000
  • Square Footage: 1,924
  • Price per Square Foot: $1,403
  • Lot Size: 9,213 square feet
  • Price per Lot Square Foot: $293

Andrew Beyer from Douglas Elliman represented the buyer in this transaction, while Irene Dazzan-Palmer from The Agency acted as the seller's representative.

Players

Irene Dazzan-Palmer

The Agency

Broker

$57.3M

vol

7 deals

Broker

Market 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

5.88%

Cash-on-Cash

-1.68%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93