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Marc Andreessen buys Malibu...

Marc Andreessen Acquires Malibu SFR From Richard Weintraub For $44.5M
SOLDSingle Family Residence

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

Chris Cortazzo

Compass

Broker

$650.4M

vol

33 deals

Broker

Marc Andreessen

Buyer

$255.5M

vol

6 deals

Buyer
Richard Weintraub

Richard Weintraub

Seller

$57M

vol

2 deals

Seller

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