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Malibu SFR Sold For $1.4M With Buyer's Rep Jonah Shenson And Seller's Rep Kim Collen-Ross & Paul Grisanti

Property Image
SOLD
$1,405,000
Paul Grisanti
Kim Collen Ross
Jonah Shenson

California

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Single Family Residence2,262 SF
Sold 01/27/2021
the dealplayerscompscontact
Property Image
SOLD

Malibu SFR Sold For $1.4M With Buyer's Rep Jonah Shenson And Seller's Rep Kim Collen-Ross & Paul Grisanti

4221 Ocean View Dr, Malibu, CA, USA

See Similar Deals
Single Family Residence2,262 SF
Sold 01/27/2021
Paul Grisanti
Kim Collen Ross
Jonah Shenson
the dealplayerscompscontact
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Summary

CALIFORNIA
Asset Type:Single Family Residence
Price Per Square Foot:$621
Total Square Footage:2,262 SF
Transaction Type:Sale

The property involved in this closed transaction is a single-family home located at 4221 Ocean View Dr. in Malibu. The property has a total square footage of 2,262 and was sold at a price of $1,405,000. The home was listed with an asking price of $1,699,000, resulting in a per square foot price of $621.

Summary of transaction details

  • Property Type: SFR
  • Transaction Amount: $1,405,000
  • Date: 01/27/2021
  • Market: Malibu
  • Buyer's Representative: Jonah Shenson - Jonah Shenson Homes
  • Seller's Representatives: Kim Collen-Ross & Paul Grisanti

Jonah Shenson from Jonah Shenson Homes represented the buyer in this transaction, while the sellers were represented by Kim Collen-Ross and Paul Grisanti.

Players

Paul Grisanti
Coldwell Banker
Paul Grisanti
1 deal$1.4M volume
BROKER
Kim Collen Ross
Coldwell Banker
Kim Collen Ross
1 deal$1.4M volume
BROKER
Jonah Shenson
Sotheby's International Realty
Jonah Shenson
4 deals$33.7M volume
BROKER

Details

SOLD
IMAGE: @JonahShenson DATE: 01/27/2021 ADDRESS: 4221 Ocean View Dr. MARKET: Malibu ASSET TYPE: SFR BUYER’S REP: @JonahShenson @JonahShenson_Homes SELLER’S REP: Kim Collen-Ross & Paul Grisanti ASKING PRICE: $1,699,000 SALE PRICE: $1,405,000 SF: 2,262 ~ PPSF: $621

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

$74,933.33

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$4,991.68
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,660.42
Annual Debt Service$79,925.00