RZA Acquires $9.77M Malibu SFR With Michael Zelener & Christopher Cortazzo As Brokers
Malibu Drive
$9,775,000
$888/SF
Building Size
11,001 SF
Asset Type
Single Family Residence
Closing
Aug 7, 2023
AI
Hip-hop icon RZA has made a $9.77 million real estate move, purchasing a lavish Malibu estate with an expansive mansion, infinity-edge pool, and sweeping coastal views. This stunning property is located on 5.03 acres of land in the Malibu market. The estate spans 11,001 square feet and boasts a price per square foot of $889. With its luxurious amenities and breathtaking views, this property is a valuable addition to RZA's growing real estate portfolio.
Summary of transaction details:
- Property Type: Single-Family Residential (SFR)
- Transaction Amount: $9,775,000
- Acreage: 5.03 acres
- Square Feet: 11,001
- Price Per Square Foot: $889
- Market: Malibu
RZA's purchase was facilitated by his representative, Michael Zelener of Pacific Coast Realty. On the seller's side, Christopher Cortazzo of Compass provided expert representation. This acquisition adds to RZA's existing property collection, which includes a home in New Jersey and another property in Bell Canyon, Los Angeles. With his keen eye for valuable real estate assets, RZA continues to make strategic investments in prime locations.
Players
Long Beach 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
1.62%
Cash-on-Cash
-0.46%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93