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33740 Pacific Coast Highway

Compass Brokers Facilitate $38.45M Sale Of Malibu Single Family Home
SOLDSingle Family

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

Jay Luchs

Newmark

Broker

$2B

vol

43 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

0.41%

Cash-on-Cash

-0.12%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93