Alex Rodriguez & Jennifer Lopez Acquire Malibu SFR From Jeremy Piven For $6.6M
Malibu, CA, USA
$6,600,000
$1,498/SF
Building Size
4,404 SF
Asset Type
Single Family Residence
Closing
Feb 12, 2019
AI
Alex Rodriguez and Jennifer Lopez have purchased a single-family residence (SFR) in Malibu for $6.6 million. The property, spanning 4,404 square feet, is located in the Malibu market. The purchase price per square foot comes to $1,498. The home was previously owned by Jeremy Piven.
Summary of transaction details
- Property Type: SFR
- Transaction Amount: $6.6M
- Square Footage: 4,404 sqft
- Price Per Square Foot: $1,498
- Market: Malibu
Madison Hildebrand and Jill Galloway from Compass, along with Carl Gambino from Westside Estate Agency, represented the buyers, Alex Rodriguez and Jennifer Lopez. The sellers were represented by Carl Gambino as well. The transaction took place on February 12, 2019.
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
2.40%
Cash-on-Cash
-0.69%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93