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Malibu, California, United ...

Miley Cyrus Acquires Single Family Property In Malibu For $7.9M
SOLDSingle Family Residence

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

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

Thomas Atamian

Coldwell Banker Commercial Realty

Broker

$34.3M

vol

5 deals

Broker

Malibu Single Family Residence Market Snapshot

Boundary boundary · Single Family Residence · Sale transactions

Loading comparables…

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