Updated Sep 5, 2024
Luxurious Malibu Retreat Sells For $7.2M With Buyer's Rep Ewa Reza & Seller's Rep Jeff Chertow
Malibu
$7,200,000
Building Size
—
Asset Type
Single Family Residence
Closing
Jul 10, 2023
About this deal
AI
The former Malibu home of legendary surfer Janet MacPherson has been sold for $7,200,000. Jaman Properties purchased the property, located at 23905 Malibu Knolls Road, in the Malibu market. The single-level home sits on 0.76 acres and has been transformed into a luxurious retreat, complete with upgraded amenities. The kitchen features a mirrored backsplash with ocean views, providing a stunning backdrop for culinary activities. Additionally, visitors can enjoy a special powder room that immerses them in the soothing sounds of the ocean.
Summary of transaction details
- Property Type: SFR
- Transaction Amount: $7,200,000
- Address: 23905 Malibu Knolls Road
- Market: Malibu
- Lot Size: 0.76 acres
Ewa Reza, representing Ashby & Graff, acted as the buyer's representative in this transaction. On the other side, Jeff Chertow, from Pinnacle Estate Properties, served as the seller's representative. These key individuals played crucial roles in ensuring the successful completion of the sale.
Players
Los Angeles Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
Loading comparables…
Deal FAQ
Visit Pinnacle Estate Properties to view all their deals.
Browse Los Angeles single family residence sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.20%
Cash-on-Cash
-0.63%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93