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31228 Broad Beach Road

David Bolour Acquires Malibu Single Family Home For $15.5M With Rodeo Realty Rep
SOLDSingle Family

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

Kevin Booker

Carolwood Estates

Broker

$131.7M

vol

7 deals

Broker

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