Updated Dec 4, 2024
James Jannard Sells Malibu Mansion For Record-Breaking $210M Via Kurt Rappaport Of Westside Estate Agency
33064 Pacific Coast Highway
$210,000,000
$13,676/SF
Building Size
15,355 SF
Asset Type
Single Family
Closing
Jun 18, 2024
About this deal
AI
The property at 33064 Pacific Coast Highway in Malibu, spanning 9.5 acres, was sold for a staggering $210 million. The single-family home boasts 15,355 square feet of living space, equating to a price per square foot of $13,676.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $210,000,000
- Address: 33064 Pacific Coast Highway
- Market: Malibu
- Seller: James Jannard - Oakley
- Broker: Kurt Rappaport - Westside Estate Agency
Notably, Oakley founder James Jannard successfully sold his Malibu mansion for $210 million, setting a new record for the highest home sale in California. This monumental transaction surpasses even the notable purchase made by Jay-Z and Beyoncé, underscoring the prestige of this luxurious Malibu property.
Malibu Single Family Market Snapshot
Boundary boundary · Single Family · Sale transactions
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Deal FAQ
About $13.7K per square foot on a published $210M for 15,355 square feet (2024).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.08%
Cash-on-Cash
-0.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93