Updated Nov 24, 2023
Will & Calla Griffith Acquire $20M Malibu SFR From Jeff Marine
Malibu, CA, USA
$20,000,000
$3,204/SF
Building Size
6,242 SF
Asset Type
Single Family Residence
Closing
Dec 8, 2021
About this deal
AI
Located in Malibu, this single-family residence (SFR) recently changed hands in a closed property transaction. The property, captured in a photo by Will Griffith, was sold by Jeff Marine to buyers Will & Calla Griffith. The transaction took place on August 12, 2021, with a sale price of $20,000,000. The SFR spans 6,242 square feet, resulting in a price per square foot (PPSF) of $3,204.
Summary of transaction details:
- Property Type: Single-Family Residence (SFR)
- Transaction Amount: $20,000,000
- Market: Malibu
The buyers, Will & Calla Griffith, secured the property from seller Jeff Marine. This transaction represents a significant investment in the Malibu real estate market. The SFR, captured beautifully in a photo by Will Griffith, offers a spacious living space of 6,242 square feet. The price per square foot (PPSF) for this property is $3,204, indicating its desirability within the market.
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
0.79%
Cash-on-Cash
-0.23%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93