Marc Andreessen Acquires Malibu SFR From Richard Weintraub For $44.5M
$44,500,000
$6,180/SF
Building Size
7,200 SF
Asset Type
Single Family Residence
Closing
Mar 27, 2022
AI
Marc Andreessen has recently acquired a stunning single-family residential property (SFR) in Malibu. The transaction took place on March 27, 2022, with Richard Weintraub as the seller. The property spans across 7,200 square feet and was sold for a staggering price of $44,500,000, resulting in a price per square foot of $6,180.
Summary of Transation Details:
- Property Type: SFR
- Transaction Amount: $44,500,000
- Market: Malibu
The deal was facilitated by Chris Cortazzo from Compass, who represented Marc Andreessen as the buyer. It was a successful transaction that underlines the appeal of Malibu's real estate market and showcases the high value placed on this beautiful SFR property.
Players
Market 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
0.36%
Cash-on-Cash
-0.10%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93