Updated Dec 20, 2023
Blair Rich & Zev Foreman Acquires SFR In Point Dume For $6.1M
6608 Portshead Road, Malibu, CA, USA
$6,100,000
$3,467/SF
Building Size
1,759 SF
Asset Type
Single Family Residence
Closing
May 11, 2021
About this deal
AI
Blair Rich and Zev Foreman have purchased a single-family residential property located at 6608 Portshead Road in Point Dume. The property features a total square footage of 1,759. The transaction was completed on May 12, 2021, for a sale price of $6,100,000, resulting in a price per square foot of $3,467.
Summary of transaction details
- Property Type: SFR
- Transaction Amount: $6,100,000
- Address: 6608 Portshead Road
- Market: Point Dume
- Square Footage: 1,759
- Buyer: Blair Rich & Zev Foreman
This transaction showcases the successful collaboration between Blair Rich, Zev Foreman, and their respective representatives, whose efforts led to the acquisition of the property at 6608 Portshead Road. The deal demonstrates their commitment to investing in the Point Dume market, driven by the property's desirable characteristics and strategic location.
Players
Malibu 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
2.60%
Cash-on-Cash
-0.74%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93