Updated Nov 17, 2023
Joe & Jennifer Montana Acquire Malibu SFR From Drew Billingsley For $7.4M
Malibu, CA, USA
$7,400,000
$5,354/SF
Building Size
1,382 SF
Asset Type
Single Family Residence
Closing
Aug 5, 2021
About this deal
AI
A stunning SFR property located in Malibu has been sold in a closed transaction. The property features a total area of 1,382 square feet and was sold for a price of $7,400,000. The price per square foot comes out to be $5,354. The sale took place on 08/05/2021.
Summary of transaction details
- Property Type: SFR
- Transaction Amount: $7,400,000
- Market: Malibu
- Buyer: Joe & Jennifer Montana
- Seller: Drew Billingsley
This transaction marks the successful purchase of the SFR property by Joe and Jennifer Montana. The seller, Drew Billingsley, facilitated the sale. The deal showcases the involvement of key individuals and companies in the real estate market of Malibu.
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
2.14%
Cash-on-Cash
-0.61%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93