Updated Dec 4, 2024
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
About this deal
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:
- Property Type: Single Family
- Transaction Amount: $16,000/Month
- Address: 21757 Castlewood Drive
- Market: Malibu
- Broker: Shana Tavangarian Soboroff - The Beverly Hills Estates
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.
On the Map
$16,000
$16,000/SF
Single Family
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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