Stuart Liner Acquires Point Dume SFR In Malibu For $21.8M
6970 Wildlife Rd, Malibu, CA 90265, USA
$21,800,000
$3,671/SF
Building Size
5,937 SF
Asset Type
Single Family Residence
Closing
Aug 5, 2020
AI
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
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
0.73%
Cash-on-Cash
-0.21%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93