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Malibu Avenue

Mindy Kaling Acquires Malibu SFR For $9.55M With Leonard Rabinowitz & Jack Friedkin - Hilton & Hyland, Chris Cortazzo @Compass
SOLDSingle Family Residence

Mindy Kaling Acquires Malibu SFR For $9.55M With Leonard Rabinowitz & Jack Friedkin - Hilton & Hyland, Chris Cortazzo @Compass

Malibu Avenue

$9,500,000

$1,631/SF

Building Size

5,824 SF

Asset Type

Single Family Residence

Closing

Feb 26, 2020

AI

Mindy Kaling has purchased a single-family residential property in Malibu for $9,550,000. The property spans 5,824 square feet, with a price per square foot of $1,639.

Summary of transaction details:

This transaction involved the sale of a single-family residential property in Malibu. Mindy Kaling acquired the property for a total amount of $9,550,000. The property encompasses 5,824 square feet, with a price per square foot of $1,639. Leonard Rabinowitz and Jack Friedkin from Hilton & Hyland, as well as Chris Cortazzo from Compass, served as the brokers representing the parties involved in the deal.

Players

Chris Cortazzo

Compass

Broker

$650.4M

vol

33 deals

Broker

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

1.67%

Cash-on-Cash

-0.48%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93