Updated Sep 9, 2024
Miley Cyrus Acquires Single Family Property In Malibu For $7.9M
Malibu, California, United States
$7,900,000
$1,316,666/SF
Building Size
6 SF
Asset Type
Single Family Residence
Closing
Feb 11, 2022
About this deal
AI
Located in Malibu, California, a single-family property measuring approximately 1.48 acres has been sold in a closed transaction. The property boasts a spacious area of 6,568 square feet, providing ample space for comfortable living. The sale price for this property was $7,900,000, resulting in a price per square foot of $1,203.
Summary of transaction details
- Property Type: Single Family
- Transaction Amount: $7,900,000
- Market: Malibu, CA
- Acres: 1.48
Miley Cyrus, the renowned singer and actress, has acquired this property in Malibu. The transaction was facilitated by Thomas Atamian of Compass, who represented Miley Cyrus as the buyer's agent. On the other hand, Susan Monus of Coldwell Banker Realty served as the seller's representative.
Players
Malibu Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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Deal FAQ
About $1.3M per square foot on a published $7.9M for 6 square feet (2022).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.01%
Cash-on-Cash
-0.57%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93