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21757 Castlewood Drive

Shana Tavangarian Soboroff Of The Beverly Hills Estates Leases Malibu Single Family Asset For $16,000/Month
LEASEDSingle Family

Shana Tavangarian Soboroff Of The Beverly Hills Estates Leases Malibu Single Family Asset For $16,000/Month

21757 Castlewood Drive

$16,000

$16,000/SF

Building Size

2,932 SF

Asset Type

Single Family

Closing

Nov 11, 2024

AI

A single-family asset located at 21757 Castlewood Drive in Malibu has been leased for $16,000 per month. The property spans approximately 2,932 square feet and encompasses nearly one acre of land. It boasts panoramic ocean views, luxurious interiors, a private pool, and a guest house.

Summary of transaction details:

Leasing agent Shana Tavangarian Soboroff represented the transaction through The Beverly Hills Estates, facilitating the lease of this architectural property, known as the Power Plant by Ed Niles, FAIA.

Players

Shana Tavangarian Soboroff

The Beverly Hills Estates

Broker

$4M

vol

2 deals

Broker

Malibu Single Family Market Snapshot

Boundary boundary · Single Family · Lease transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

991.44%

Cash-on-Cash

-283.36%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93