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

Property Image
SOLD
$38,450,000
Regina Vannicola
Steven Schaefer
Jay Luchs
+ 2

California

See Similar Deals
Single Family6,785 SF
Sold 03/13/2024
the dealplayerscompscontact
Property Image
SOLD

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

33740 Pacific Coast Highway

See Similar Deals
Single Family6,785 SF
Sold 03/13/2024
Regina Vannicola
Steven Schaefer
Jay Luchs
+ 2
the dealplayerscompscontact
Contact now

Summary

CALIFORNIA
Asset Type:Single Family
Price Per Square Foot:$5,666
Total Square Footage:6,785 SF
Transaction Type:Sale

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
Jay Luchs
43 deals$2B volume(310) 407-6585
BROKER
Chris Cortazzo
Compass
Chris Cortazzo
32 deals$631.9M volume
BROKER
Steven Schaefer
Newmark
Steven Schaefer
17 deals$258M volume(310) 528-5565
BROKER
Regina Vannicola
Compass
Regina Vannicola
2 deals$42.6M volume
BROKER
Gabi Sharron
Compass
Gabi Sharron
1 deal$38.5M volume(310) 283-7073
BROKER

Details

SOLD
IMAGE: Steven Schaefer, Jay Luchs, Gabi Sharron, Regina Vannicola & Chris Cortazzo DATE: 03/13/2024 ADDRESS: 33740 Pacific Coast Highway MARKET: Malibu ASSET TYPE: Single Family BUYER'S REP: Steven Schaefer (@Steven_Schaefer) & Jay Luchs (@JayLuchs) - Newmark (@Newmark); Gabi Sharron (@GabiSharron) & Regina Vannicola (@ReginaVannicola) - Compass SELLER'S REP: Chris Cortazzo (@ChrisCortazzo) - Compass (@Compass) SALE PRICE: $38,450,000 SF: 6,785 ~ PPSF: $5,667

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$2,050,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$136,604.72
Cash-on-Cash Return-1.27%
Monthly Debt Service$182,272.62
Annual Debt Service$2,187,271.40