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Stuart Liner Acquires Point Dume SFR In Malibu For $21.8M

Property Image
SOLD
$21,800,000
Drew Fenton
Chris Cortazzo
+ 2

California

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Single Family Residence5,937 SF
Sold 08/06/2020
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Property Image
SOLD

Stuart Liner Acquires Point Dume SFR In Malibu For $21.8M

6970 Wildlife Rd, Malibu, CA 90265, USA

See Similar Deals
Single Family Residence5,937 SF
Sold 08/06/2020
Drew Fenton
Chris Cortazzo
+ 2
Contact now

Summary

CALIFORNIA
Asset Type:Single Family Residence
Price Per Square Foot:$3,671
Total Square Footage:5,937 SF
Transaction Type:Sale

Located in Point Dume, Malibu, the recently sold single-family residence at 6970 Wildlife Road has changed ownership. The property was purchased by Stuart Liner and Stephanie Hershey Liner. The seller, David Rosen, entrusted the sale of the property to Chris Cortazzo from Compass and Steve Levine & Drew Fenton from Hilton & Hyland. This exclusive transaction was finalized on August 6, 2020, for a total price of $21,800,000. The spacious property spans 5,937 square feet, resulting in a price per square foot of $3,672.

Summary of transaction details

  • Property Type: Single-Family Residence
  • Transaction Amount: $21,800,000
  • Address: 6970 Wildlife Road, Point Dume, Malibu
  • Market: Point Dume, Malibu
  • Buyer: Stuart Liner & Stephanie Hershey Liner
  • Seller: David Rosen
  • Brokers: Chris Cortazzo - Compass, Steve Levine & Drew Fenton - Hilton & Hyland
  • Square Footage: 5,937
  • Price per Square Foot: $3,672

The purchase of 6970 Wildlife Road in Point Dume, Malibu, was facilitated by notable broker Chris Cortazzo from Compass and Steve Levine & Drew Fenton from Hilton & Hyland. This transaction marks the successful collaboration between Stuart Liner and Stephanie Hershey Liner as buyers and David Rosen as the seller. The property's prime location in Point Dume, Malibu, coupled with its impressive square footage and sale price, make it a noteworthy addition to the market.

Players

Drew Fenton
36 deals$1.3B volume
BROKER

Chris Cortazzo
Compass
32 deals$631.9M volume
BROKER

Steve Levine
1 deal$21.8M volume
BROKER

Hilton & Hyland
BROKERAGE


David Rosen
5 deals$45.4M volume
SELLER

Details

SOLD
IMAGE: IMAGE: Stuart Liner, Chris Cortazzo, Steve Levine & Drew Fenton DATE: 08/06/2020 ADDRESS: 6970 Wildlife Road MARKET: Point Dume, Malibu ASSET TYPE: SFR BUYER: Stuart Liner & Stephanie Hershey Liner SELLER: David Rosen BROKERS: Chris Cortazzo – Compass, Steve Levine & Drew Fenton – Hilton & Hyland PRICE: $21,800,000 SF: 5,937 PPSF: $3,672

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

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$77,450.79
Cash-on-Cash Return-1.27%
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