Updated Sep 9, 2024
Joe Lacob & Nicole Curran Acquire Malibu SFR For $29.1M
Malibu, CA, USA
$29,100,000
$5,279/SF
Building Size
5,512 SF
Asset Type
Single Family Residence
Closing
Feb 18, 2020
About this deal
AI
A stunning single-family residence in Malibu has been sold for a whopping $29,100,000. The property spans 5,512 square feet, resulting in a price per square foot of $5,279. Located in the coveted Malibu market, this SFR is a remarkable investment opportunity.
Summary of transaction details
- Property Type: SFR
- Transaction Amount: $29,100,000
- Market: Malibu
- Buyer: Joe Lacob & Nicole Curran
- Seller: Joseph Englanoff
- Brokers: Chris Cortazzo - Compass, Jack Turturici - Equity Advisors
Joe Lacob and Nicole Curran have acquired this exquisite property, while Joseph Englanoff served as the seller. The deal was facilitated by brokers Chris Cortazzo from Compass and Jack Turturici from Equity Advisors. Their expertise in the industry contributed to the successful completion of the transaction.
On the Map
$29,100,000
$5,279/SF
Single Family Residence
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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
0.55%
Cash-on-Cash
-0.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93