Updated Dec 21, 2023
Sal & Joan Casola Acquire SFR In Malibu Colony For $16.5M
Malibu, CA, USA
$16,500,000
$7,352/SF
Building Size
2,244 SF
Asset Type
Single Family Residence
Closing
Aug 3, 2020
About this deal
AI
Located in Malibu Colony, Malibu, this Single Family Residence (SFR) has been sold in a recent transaction. The property, captured by Andrew Conrad in an image shared on Instagram, was sold on 08/03/2021. The asset spans 2,244 square feet, with a price per square foot of $7,352. The buyers in this transaction were Sal & Joan Casola, while the seller was Andrew Conrad. The sale price for this SFR property was $16,500,000.
Summary of transaction details
- Property Type: SFR
- Transaction Amount: $16,500,000
- Market: Malibu Colony, Malibu
- Image: Andrew Conrad
- Date: 08/03/2021
Sal & Joan Casola were the buyers in this transaction, acquiring the SFR property. On the other hand, Andrew Conrad represented the seller in this deal.
Players
Malibu 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
0.96%
Cash-on-Cash
-0.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93