Compass Brokers Facilitate $38.45M Sale Of Malibu Single Family Home
33740 Pacific Coast Highway
$38,450,000
$5,666/SF
Building Size
6,785 SF
Asset Type
Single Family
Closing
Mar 13, 2024
AI
The property located at 33740 Pacific Coast Highway in Malibu, a Single Family asset, was sold for $38,450,000. Spanning 6,785 square feet, the property was transacted at a price per square foot of $5,667.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $38,450,000
- Address: 33740 Pacific Coast Highway
- Market: Malibu
The buyer's representatives for this transaction were Steven Schaefer & Jay Luchs from Newmark, along with Gabi Sharron & Regina Vannicola from Compass. On the other side, Chris Cortazzo from Compass represented the seller in this deal.
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
0.41%
Cash-on-Cash
-0.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93