Caren Leib Of Pinnacle Estate Properties Represents Buyer In Malibu Home Sale For $5.67M
5712 Busch Drive
$5,670,000
$1,417/SF
Building Size
4,000 SF
Asset Type
Single Family
Closing
Sep 17, 2024
AI
A newly completed modern home located at 5712 Busch Drive in Malibu has been sold for $5.67 million. This single-family residence covers 4,000 square feet and is situated on a 1.01-acre lot, priced at $1,418 per square foot.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $5,670,000
- Address: 5712 Busch Drive
- Market: Malibu
- Square Footage: 4,000
- Price Per Square Foot: $1,418
- Buyer's Representative: Caren Leib - Pinnacle Estate Properties
- Seller's Representatives: Trevor Wright, Branden Williams & Rayni Williams - Williams & Williams Estates Group - The Beverly Hills Estates
The transaction highlights the involvement of Caren Leib representing the buyer, while Trevor Wright, Branden Williams, and Rayni Williams represented the seller. The property boasts luxury finishes, a spacious layout, a swimming pool, and a citrus garden, with views of the mountains and the Pacific Ocean.
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
2.80%
Cash-on-Cash
-0.80%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93