David Bolour Acquires Malibu Single Family Home For $15.5M With Rodeo Realty Rep
31228 Broad Beach Road
$15,500,000
Building Size
—
Asset Type
Single Family
Closing
Mar 27, 2024
AI
The Malibu mansion located at 31228 Broad Beach Road was sold for $15.5 million. The property spans across 0.36 acres and was previously purchased by Josephine and Anthony Antoci, owners of Erewhon supermarket chain, in December 2020 for $10.6 million.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $15,500,000
- Address: 31228 Broad Beach Road
- Market: Malibu
After selling their Malibu mansion, the Antocis acquired another nearby property in September for $20 million. The new property is intended for the construction of a Richard Landry-designed mansion spanning 10,000 square feet.
Players
Malibu Single Family Market Snapshot
Boundary boundary · Single Family · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.02%
Cash-on-Cash
-0.29%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93