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Eric Bergeson & Chandra Bergeson Acquire SFR In Broad Beach, Malibu For $22M

Property Image
SOLD
$22,000,000

California

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Single Family Residence6,068 SF
Sold 08/02/2022
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Property Image
SOLD

Eric Bergeson & Chandra Bergeson Acquire SFR In Broad Beach, Malibu For $22M

Broad Beach, Malibu, California 90265, United States

See Similar Deals
Single Family Residence6,068 SF
Sold 08/02/2022
Contact now

Summary

CALIFORNIA
Asset Type:Single Family Residence
Price Per Square Foot:$3,625
Total Square Footage:6,068 SF
Transaction Type:Sale

In a closed transaction in Broad Beach, Malibu, a single-family residence (SFR) was sold for a price of $22,000,000. The property, with an area of 6,068 square feet, was purchased by Eric Bergeson & Chandra Bergeson from the Nathanson Family Trusts. The deal was facilitated by Tony Mark & Russell Grether of Compass.

Summary of transaction details:

  • Property Type: Single-Family Residence (SFR)
  • Transaction Amount: $22,000,000
  • Market: Broad Beach, Malibu
  • Date: 08/02/2022

Eric Bergeson & Chandra Bergeson acquired the property from the Nathanson Family Trusts in a closed transaction. Tony Mark & Russell Grether of Compass acted as the brokers responsible for representing both parties involved in the deal.

Players

Tony Mark
3 deals$50.9M volume
BROKER

Russell Grether
Compass
4 deals$57.4M volume
BROKER

Details

SOLD
IMAGE: Marc Nathanson DATE: 08/02/2022 MARKET: Broad Beach, Malibu ASSET TYPE: SFR BUYER: Eric Bergeson & Chandra Bergeson SELLER: Nathanson Family Trusts BROKERS: Tony Mark & Russell Grether - Compass SALE PRICE: $22,000,000 SF: 6,068 ~ PPSF: $3,625

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$1,173,333.33

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$78,161.35
Cash-on-Cash Return-1.27%
Monthly Debt Service$104,291.22
Annual Debt Service$1,251,494.69